There were 5,292 cyber financial frauds reported by commercial banks in Tamil Nadu in the financial year 2021-22 (till December 31, 2021), and the total amount involved was ₹17.47 crore.
Cyber financial frauds in banking primarily relate to frauds that have involved ATMs, debit cards, credit cards and internet banking platforms, Union Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha on Monday in response to a question.
As per data provided by the Reserve Bank of India (RBI), there were 5,585 cyber financial frauds reported from Tamil Nadu in 2020-21, with the amount involved totaling to ₹24.14 crore. In 2019-20, there were 7,443 financial frauds, and the amount involved was ₹24.63 crore. In 2018-19, there were 5,497 cases worth ₹24 crore.
