Stock trading scam victim refunded Rs 39 lakh by Hyderabad cybercrime police | Tech Tips

In good news, a stock trading scam victim has been refunded a partial amount of the sum after he lost around Rs 78 lakhs in the fraud. This has been possible because of the Hyberabad cybercrime police. The officials also emphasise that such victims should report the scam as soon as possible to increase the chances of recovering lost funds. Here’s more about this recent case.

Cybercrime police refunded Rs 39 lakh to a stock trading fraud victim

• As per a report by The New Indian Express, a victim sent Rs 78.7 lakh to fraudsters posing as stock trading advisors in multiple bank accounts provided by them.
• After realising that he had been cheated, the victim reported the incident to the Hyderabad cybercrime police.
• Following that, the police officials registered a case, took prompt action, and assisted a victim in recovering Rs 39 lakh.
• It was made possible after the police monitored the money flow and contacted relevant banks.
• The police official states that reporting these scams timely might help victims to increase the chances of recovering at least some of the lost or “put on hold” amounts.

What to do when you find out that you are scammed?

• If you ever find out that you have been scammed online, the first thing is that you should stop communicating with fraudsters.
• Once you do that, you should document your whole conversation, which might include messages and payment details.
• Following that, you should report the police officials, including the cybercrime department, along with your bank.
• One should also change their passwords and other security codes and should be monitoring their bank to avoid unauthorised transactions.

The post Stock trading scam victim refunded Rs 39 lakh by Hyderabad cybercrime police first appeared on 91mobiles.com.