The Parliamentary Standing Committee for Finance has scheduled a meeting on July 4 to address concerns related to cyber security and cyber threats.
The meeting will involve senior officials from various banks who have been summoned to present comprehensive strategies for combating cyber threats and improving cyber security within the country.
Parliamentary Standing Committee for Finance Summons Apple, Flipkart, Google
The primary focus of the upcoming meeting is centered around the subject of “Cyber security and the increasing occurrence of cyber/white collar crimes.” The committee agenda states that representatives from Punjab National Bank (PNB), Bank of India, Yes Bank, and the Indian Computer Emergency Response Team (CERT-In) will provide oral evidence on this topic.
Additionally, the committee has invited representatives from Paytm, Flipkart, Google, and Apple to testify orally on the subject of “Cyber security and the growing occurrence of cyber/white collar crimes.”
The Parliamentary Standing Committee on Finance has expressed concerns about the rising number of cyber threat incidents in the country.
As per the committee, “Oral evidence of the representatives of Punjab National Bank (PNB), Bank of India, Yes Bank and Indian Computer Emergency Response Team (CERT-In) on the subject ‘Cyber security and rising incidence of cyber/white collar crimes.”
Karnataka Loses Rs. 1 Crore Due To Cyber Fraudsters
According to information provided by the Karnataka home department, cyber fraudsters managed to steal an average of nearly Rs 1 crore per day from individuals in 2022. These crimes resulted in a staggering surge of 150%, with the state losing a massive sum of Rs 363 crore in the same year. When considering the cumulative losses from 2019 until now, the total amount reaches Rs 722 crore.
Furthermore, the home department revealed that in 2022, they were able to recover approximately 12% of the Rs 363,11,54,443 stolen, amounting to Rs 46,87,89,415.
In the preceding year, 2021, cybercrimes caused a loss of Rs 145,05,85,810 to the state.
When examining the data on a city-by-city basis, Bengaluru emerges as the city with the highest total money lost, amounting to 266 crores. In a distant second place is Mysuru with 14 crores, followed by Mandya with 13 crores.
