Srinagar, July 21 -- Jammu and Kashmir has witnessed a worrying rise in cyber and financial fraud cases over the last five years, with more than 830 cases reported and financial losses exceeding Rs 1 crore, official data from the Ministry of Finance has revealed.

The figures were shared in a written reply by Minister of State for Finance, Shri Pankaj Chaudhary, in the Lok Sabha on Monday. The data shows that as digital transactions increase across the country, frauds related to online payments, mobile banking, and digital lending have also gone up, including in J&K.

According to the official year-wise data, 105 fraud cases were reported in 2020-21 with losses of Rs 0.36 crore and no recovery. In 2021-22, the number of frauds dropped to ...