Karnataka, the tech flag bearer of India, lost about ₹1 crore each day to cybercrimes in 2022, cumulatively incurring a loss of ₹363 crore in the whole year, said Priyank Kharge, Minister for Electronics, Information Technology, Biotechnology; Rural Development and Panchayat Raj here on Saturday.
Such losses, the Minister said, were likely to see about 150% rise this year as incidents of economic offences, cyber cheating, online scams, frauds, identity theft, and cyber terrorism etc., were significantly on the increase.
“Economic cyber violations are certainly on the rise year after year,” said the Minister, speaking to The Hindu on the sidelines of a Meta event on cybersecurity for children and young.
