Cyberabad Police and Banks Join Forces Against Rising Digital Fraud

Hyderabad's law enforcement and banking sector are mounting a comprehensive response to cybercrime after residents lost Rs. 104 crore to online fraud schemes during 2026.

Police Commissioner Dr. M. Ramesh convened senior officials from major banks to accelerate action against digital financial crimes. The coordination meeting prioritized streamlining processes to reduce response times, block unauthorized transactions, and recover stolen funds more effectively.

A key focus involved tackling mule accounts—bank accounts used by cybercriminals to launder illicitly obtained money. Police requested that banks implement systems to identify and freeze such accounts promptly.

The meeting addressed several operational bottlenecks. Officials emphasized the need to expedite the suspension of suspicious transactions, ensuring victim funds are secured at the earliest opportunity. Another priority was strengthening collaboration between banking institutions and investigative agencies throughout cybercrime probes.

Police have called on banks to establish round-the-clock cyber cells to enable rapid communication with detectives. Additionally, banks were urged to accelerate the provision of Know Your Customer (KYC) information and transaction histories needed for investigations, eliminating unnecessary delays.

Commissioner Ramesh cautioned the public to exercise vigilance when encountering investment opportunities and conducting online financial activities. He stressed the importance of thoroughly scrutinizing questionable schemes before engaging with them and emphasized prompt reporting of cybercrime incidents to authorities.

Residents experiencing cybercrime can lodge complaints via the national helpline 1930 or through the dedicated cybercrime reporting portal.