Hyderabad: Cyberabad Police and major banks have intensified efforts to tackle Cybercrime fraud cases following losses of Rs.104 crore to digital scams in 2026.
Cyberabad Police Commissioner Dr. M. Ramesh chaired a high-level coordination meeting with representatives of leading banks to speed up action against online financial fraud.
Officials discussed measures to improve response time, prevent fraudulent transactions and increase recovery of victim funds.
Police asked banks to identify and block mule accounts allegedly used by cyber fraudsters to transfer illegal funds.
Cybercrime fraud response to focus on faster fund recovery
Meanwhile, officials discussed steps to streamline the freezing of suspicious transactions to secure victim funds at the earliest stage.
The meeting also focused on improving coordination between banks and law enforcement agencies during cybercrime investigations.
Cyberabad Police urged banks to establish dedicated 24/7 cyber cells for quicker communication with investigators.
Officials also asked banks to reduce delays in sharing KYC details and transaction records required for investigations.
Commissioner Ramesh advised the public to remain cautious while dealing with investment offers and online financial transactions.
He urged citizens to verify suspicious schemes carefully and report cybercrime incidents immediately.
Cybercrime victims can report complaints through the national helpline number 1930 or through the cybercrime reporting portal.