Indians lost $25bn to digital fraud in 2025 - now its central bank is fighting back
Summary
In 2025, nearly 2.5 million Indians lost about $25 billion due to digital fraud, a huge increase from previous years. The Reserve Bank of India (RBI) is considering new rules like adding time delays on payments and extra checks for large transactions to help stop fraud, but experts say these ideas may be hard to put into practice and may only have limited effect.Key Facts
- About 2.5 million people in India were victims of digital fraud in 2025.
- The total money lost to digital fraud in India that year was $25 billion.
- This is a 4,300% increase in digital fraud losses compared to 2021.
- Scams often use fake messages that trick people into giving away passwords or money.
- The RBI proposed a one-hour delay on some digital payments to block fraud.
- Extra checks might be required for big payments, especially for elderly or vulnerable people.
- People could also get more control over their digital payment limits and settings.
- Experts say these rules could be hard to implement and might not stop more advanced fraud.
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