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Mumbai Loses $135 Million To Cyber Frauds In 15 Months

The financial capital of India, Mumbai, has suffered staggering financial losses amounting to Rs 1,127 crore (approximately $135 million) between January 2024 and March 2025. According to data released by the Mumbai Police, many of these losses, nearly 85%, were due to cyber frauds and scams.  The latest figures expose a deepening crisis. Of the total loss, Rs 964 crore ($115 million) was swindled through elaborate scams involving fraudulent sto…
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The Cyber Express broke the news in on Wednesday, July 30, 2025.
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