Hyderabad, July 10 -- Hyderabad Commissioner of Police V.C. Sajjanar on Friday, July 10, said that the city is losing nearly Rs 1 crore every day to cyber frauds.

He disclosed it while speaking at the National Round Table on Digital Trust & Citizen Protection organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) in association with Hyderabad City Police and Protiviti India.

Sajjanar highlights growing cybercrime threat

Addressing the gathering, Sajjanar said mule bank accounts and ghost SIM cards are the backbone of cybercrime networks. He said they should be eliminated through joint efforts by banks, telecom companies, regulators and police.

He said the country should aim for a day when banks can proudly ...