Hyderabad, March 1 -- Victims in Telangana lost Rs. 3.9 crores whereas in 2023 in a total of 627 cases of trading frauds while there have already been 213 reported cases in 2024, with a total loss amounting to Rs. 27.4 crores.

Telangana State Cyber Security Bureau officials said with the rise of digital trading platforms, there has been a corresponding increase in fraudulent activities targeting investors, especially with the fake promise of securing pre-allotment in upcoming Initial Public Offerings (IPOs) by means of institutional investment in the stock market.

These offers take advantage of people's desire for fast and big profits. Victims are frequently targeted with these fraudulent offers through messaging platforms like WhatsApp...