Bengaluru: India is expected to lose Rs 20,000 crore to cybercrime in 2025, with brand abuse accounting for Rs 9,000 crore, according to a report by cybersecurity firm CloudSEK. The report highlights the increasing threat of phishing scams, fraudulent websites, and fake apps targeting consumers and businesses.
Massive Cyber Fraud Risks Identified
The report is based on data from 200 companies, 5,000 domain takedowns, and the misuse of 16,000 brands. It also includes insights from the Indian Cyber Crime Coordination Centre (I4C). The findings indicate a sharp rise in cyber fraud cases, with over 2.5 million cybercrime complaints expected next year. Among them, 500,000 will involve brand impersonation.
Key Findings from the Report:
Rs 20,000 crore in cybercrime losses projected in India for 2025.
Brand abuse-driven fraud to cost Indian businesses Rs 9,000 crore, making up 45% of total losses.
Banking and financial services suffered the most, losing Rs 8,200 crore, followed by retail and e-commerce (Rs 5,800 crore) and government services (Rs 3,400 crore).
Fraudulent domains and apps on the rise – a 65% increase in fake domains and an 83% surge in fraudulent financial apps expected.
Investment scams and advance-fee frauds are the most common tactics used by cybercriminals.
Rising Threats and Response Strategies
CloudSEK’s report also points to the growing sophistication of cyber threats, with attackers leveraging artificial intelligence and automation to expand their reach. The company’s AI-powered Nexus platform tracks cyber threats in real-time, helping businesses detect and prevent fraud.
The findings will be discussed at NullCon 2025 in Goa on March 1, where cybersecurity experts, government officials, and industry leaders will gather to address emerging cyber risks.
