As India grapples with the second covid wave, cybercriminals are working overtime to take advantage of the situation. There are already many incidents of fraud involving vaccines, donations, etc.

Last year was no different. Cybercriminals posed as bank officials and offered loan moratorium for a “fee”. There were fake UPI (unified payment interface) handles for PM CARES Fund.

Sample this: nearly 120 million people experienced cybercrime between February 2020 and 2021, according to the Norton Cyber Safety Insights Report by NortonLifeLock, a cybersecurity firm. It could worsen this year as people continue to work from home and use online services more often.

“Internet banking penetration has increased. Even in rural areas, mobile banking transactions are on the rise. But the awareness about cybercrimes has not kept pace, which makes many easy targets,” said Bharat Panchal, chief…

Read more…