Cyber fraud drains billions, but recovery is going low
Summary
Nepal Police is preparing to set up an Integrated Cyber Scam Response Centre after the Ministry of Home Affairs responded positively to its proposal. Police say people lost more than Rs. 2 billion to cyber fraud last fiscal year, but only about Rs. 180 million was recovered.
Key Points
- Nepal Police plans to establish an Integrated Cyber Scam Response Centre with support from the Ministry of Home Affairs.
- Police say the public lost more than Rs. 2 billion to cyber fraud last fiscal year, while only about Rs. 180 million was recovered.
- Of 20,000 cybercrime complaints registered in fiscal year 2082/83, about 7,500 involved financial fraud.
- Officials say procedural hurdles, legal complications and cross-border transfers are limiting recovery efforts.
