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Mumbai's cyber police are bolstering their efforts to combat the surge in online fraud, focusing on scams like stock market investment fraud and "fake arrest" schemes, which target unsuspecting individuals through various digital platforms. The following scams have been identified as prominent threats.
Fraudsters are enticing individuals with online trading courses, seminars, and mentorship programmes, using social media platforms like WhatsApp, Telegram, Instagram, Facebook, and live broadcasts to reach potential targets.
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These scammers often pose as representatives or employees of government-registered Foreign Portfolio Investors (FPIs). They persuade victims to download applications that claim to allow them to purchase shares, subscribe to IPOs, and access institutional account benefits - all without requiring an official trading or Demat account.
Often, fraudsters use mobile numbers registered under fake names to execute these schemes, making it harder to trace their operations.
The "fake arrest" scam preys on people's fear of legal trouble, with cybercriminals posing as law enforcement.
The scam usually starts with a phone call or email from someone pretending to be police, often using official language and spoofed caller ID to appear credible.
The victim is falsely accused of crimes like money laundering or drug trafficking, and may be shown fake evidence to make it believable.
The scammer claims an arrest warrant has been issued, warning that officers will come to the victim's location unless they comply. The scammer introduces a "digital arrest," requiring the victim to stay online on a video call, where they may even show fake police station visuals. Some victims are told to book a hotel room and remain "under digital arrest" for 24-48 hours.
To avoid "arrest" the victim is pressured to pay immediately, often through wire transfers, prepaid debit cards, or cryptocurrency.
Threats of violence or further legal trouble are used to push for fast compliance.
Once the victim pays, the scammer disappears, sometimes reappearing to demand more money or make additional threats.
According to sources, Mumbai police conduct regular training on cybercrime for officers, covering topics like cyber law and forensic techniques. In the last 2.5 years, they've held 310 sessions with 8,000 officers. They also publish standard operating procedures, hold webinars, and coordinate with banks, social media platforms, and internet providers. Over 30,000 cybercriminal phone numbers have been blocked in the past 3.5 years.
