SecurityET Techabout 1 hour ago
IIT Madras Study Finds Educated Professionals Fall for Cyber Fraud
3 min read
An IIT Madras study of 33 financial cybercrime victims in five Indian cities found many were IT professionals, bankers, doctors and cybersecurity certificate holders. Fraudsters exploited stress and fear to cause an "engineered brain freeze." Losses ranged from a few thousand rupees to over Rs 1 crore. Researchers urge banks and police to improve detection, coordination and victim support.
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