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IIT Madras Study Finds Highly Educated Professionals Among Financial Cybercrime Victims

Researchers said 33 victims included bankers, doctors and IT workers, showing fraudsters exploit stress and urgency rather than only digital inexperience.

Summary by Times of India
A study by IIT Madras indicates that educated professionals are frequent victims of financial cybercrime. The research highlights that high digital literacy does not guarantee protection against fraud. Victims reported experiencing significant emotional distress, including shame and insomnia, after being targeted. Institutional responses varied, impacting the effectiveness of intervention strategies across different regions. The findings emphasi…

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The Print broke the news in New Delhi, India on Tuesday, September 29, 2026.
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