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Goa News

Cyber frauds cost Goa nearly Rs 100 crore in three years

nt
Last updated: March 15, 2026 1:45 am
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NT Reporter

Panaji

Around Rs 100 crore was lost to various cyber frauds in the last three years, with police managing to save barely over Rs 90 lakh.

According to data from 2023 to 2025, Goa police registered 298 cybercrime-related cases, including financial frauds. Most of the cases, 131, were registered in 2025, which also saw the highest amount of cyber fraud, with cyber criminals duping people of over Rs 50 crore.

One of the high-value cases involved a Rs 4.74 crore scam linked to a fake IPO (Initial Public Offering) reported in 2025. In 2023, 82 cases were reported, while 85 cases were registered in 2024.

Police investigating cybercrime cases related to financial frauds managed to recover Rs 90,31,899. While most of the cases are under investigation (118), police have filed closure reports in over 66 cases. According to police, around 49 cases are pending trial.

Referring to the measures taken to strengthen cybercrime investigations and improve recovery of defrauded amounts, police said police station staff have been strengthened with regular training at the Central Detective Training Institute operated by the Bureau of Police Research and Development (BPR&D), Ministry of Home Affairs. The cybercrime police station at Ribandar and cybercrime response cells in all police stations are equipped to investigate cyber cases. Regular training is conducted through the Indian Cyber Crime Coordination Centre (I4C) and the Central Detective Training Institute. Cybercrime staff are also using advanced tools and portals for investigation such as Cyber Police, Sammanvay, Pratibimb and Sahayog.

Police said regular awareness drives are conducted to sensitise the public about prevalent cyber frauds. Besides this, 442 web links, 168 social media accounts and 866 mobile numbers have been blocked by the cybercrime police station.

Cybercrime awareness programmes are also organised regularly in schools, colleges,
public places and panchayat halls to educate the public about various modus operandi adopted by accused persons in committing cyber crimes, police said.

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The Navhind Times – Goa News

The Navhind Times, the first and largest circulated English Daily from Goa, has earned the trust, respect and loyalty of the Goans by virtue of its objective reporting, commentaries, features and breaking goa news. It was launched by the House of Dempos, a pioneer in the industrial development of Goa, on February 18, 1963 soon after Goa was liberated from the Portuguese rule.

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