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Topic: cyber fraud
Uttar Pradesh tops the list in cyber crime, with a majority of the cases for fraud, while Mahrashtra saw the most number of sexually-motivated cyber crimes.
Govt planned to use the cess to build digital security infrastructure to curb growing number of cyber fraud cases.
Amit Bhardwaj is alleged to have fled to Dubai after conning scores out of an estimated Rs 2,000 crore through a Ponzi scheme based on bitcoins. New Delhi: He is the son of a former government employee from Shalimar Bagh who now owns a house in Dubai’s ultra-upmarket Burj Khalifa. But this is not some grand story of a middle-class man hitting the big time. It’s quite something else altogether. Amit Bhardwaj, a former software developer with Infosys and stock broker, is alleged to have fled to Dubai after conning scores of people out of an estimated Rs 2,000 crore through a Ponzi scheme based on bitcoins, the largely unregulated digital ‘cryptocurrency’ that has been making headlines with its sharp spike in value. Bhardwaj, whose businesses are reported to have a turnover of millions, now faces fraud cases in several states, with investigative agencies struggling to get him back to the country. The...
An expert said that the cess could be used to create a fund to battle the growing number of cases of online fraud in digital payments.