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Study Finds Educated Professionals Fall to Financial Cybercrime

By Drooid · Sep 29, 2026, 4:43 PM UTC · How we work

Summary

Story summary

IIT Madras researchers found that highly educated professionals become victims of financial cybercrime.
The study interviewed 33 victims in five cities.
Victims included IT professionals, bankers, doctors, managers, public-sector officers, and cybersecurity-certified individuals.
Losses ranged from a few thousand rupees to over Rs 1 crore, prompting inconsistent bank and cybercrime cell responses.
Professors P Kandaswamy and Nandan Sudarsanam urged early detection, coordinated response, and targeted awareness.

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Story summary

IIT Madras researchers found that highly educated professionals become victims of financial cybercrime.
The study interviewed 33 victims in five cities.
Victims included IT professionals, bankers, doctors, managers, public-sector officers, and cybersecurity-certified individuals.
Losses ranged from a few thousand rupees to over Rs 1 crore, prompting inconsistent bank and cybercrime cell responses.
Professors P Kandaswamy and Nandan Sudarsanam urged early detection, coordinated response, and targeted awareness.