Digital scams are on the rise, including the case of an Indian textile baron who lost $830,000 last year after fraudsters summoned him to an online hearing at a fake Supreme Court that threatened him with jail. The finance ministry told parliament last week that the number of high-value cyber fraud cases in the latest full fiscal year was more than four times the number the year before, while a central bank report said total digital payment fraud amounted to $175 million in the same period.
Digital cash is everywhere, and so are scammers
