The Economic Times

IIT Madras study finds highly educated professionals among financial cybercrime victims

A study by IIT Madras indicates that educated professionals are frequent victims of financial cybercrime. The research highlights that high digital literacy does not guarantee protection against fraud. Victims reported experiencing significant emotional distress, including shame and insomnia, after being targeted. Institutional responses varied, impacting the effectiveness of intervention strategies across different regions. The findings emphasize the need for better support systems and coordinated responses to aid victims.