Hyderabad, May 9 -- Cybercrime in Cyberabad region has already cost victims around Rs 104 crore in 2026, even as total losses stood at Rs 438 crore for the whole of 2025.

Speaking at a coordination meeting with bankers, Cyberabad Police Commissioner Dr M Ramesh on Friday, May 9, said that online scams, fake investment schemes, pre-launch offers, call centre frauds, and cryptocurrency swindles have become a severe menace, pushing many families to financial ruin after losing their life savings.

Banks must step up

The meeting, attended by representatives of major banks including HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and Bank of Baroda, focused on faster, more effective action against cybercrime in Hyderabad.

The Com...