Scammers try selling world's tallest statue as COVID-19 pandemic boosts India's cyber crime

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Scammers try selling world's tallest statue as COVID-19 pandemic boosts India's cyber crime
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MUMBAI: Police in India lodged a case this week against an unknown online fraudster who tried selling the world's largest statue for US$4 billion, ...

MUMBAI: Police in India lodged a case this week against an unknown online fraudster who tried selling the world's largest statue for US$4 billion, claiming the proceeds would be used to help the Gujarat state government fund its fight against the coronavirus.

While the plot to sell the Statue of Unity, a monument that is nearly twice the height of New York's Statue of Liberty, is among the most brazen cases, police say cybercrimes have surged since the health scare gripped the country.With scams ranging from free mobile recharges, to offers of free Netflix subscriptions, federal home ministry officials say there has been 86 per cent percent rise in cyber crime in the past four weeks.

"We have received over 8,300 complaints from individuals across India and non-residents Indians who have donated thousands of dollars into fake accounts," said a senior home ministry official, adding the retrieval process is a complex task.

READ: Man arrested for money laundering offences linked to S$10 million COVID-19 scam for surgical masks, hand sanitisers Police have registered cases against fake offers that Reliance Industries telecom arm Jio and streaming service Netflix were offering discounted services at a time when over 1.3 billion people were forced to live indoors for 21 days to prevent the spread of the coronavirus.CERT-In, the Indian Computer Emergency Response Team and ReBIT, the technology arm of Reserve Bank of India recently issued warnings about online threats and scams and asked financial institutions to be aware.

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