Twenty suspected financial fraud suspects have been detained by the Pakistani Federal Investigation Agency (FIA).
A significant operation against cybercrime was carried out by the FIA in Lahore, according to an FIA spokesperson. The accused allegedly called people to learn about their accounts before making money withdrawals from such accounts.
The spokeswoman said, “Up to this point, the accused have defrauded 20 people.” The accused is the subject of an FIA case.
The Federal Investigation Agency (FIA) cybercrime detained three people connected to financial fraud two days ago.
The accused allegedly called residents under the guise of being bank representatives in order to transfer money by obtaining information about bank accounts.
The accused cheated the people of Rs 730,384, the official said.
Remember that digital or online banking is a relatively recent trend in Pakistan and that it is expanding daily, according the data provided by the State Bank of Pakistan.
The State Bank reports that when compared to the same quarter last year, digital banking transactions increased by 4% in the first quarter of the current year.
However, the Banking Ombudsman in Pakistan has confirmed that there has been an increase in fraud and customer money theft in the banking sector along with the rise in digital banking transactions.
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