A 76-year-old retiree from Mumbai has fallen victim to an elaborate scam, losing approximately Rs 1.8 crore (around $740,000) as scammers posed as officials from various police departments. This incident highlights a growing trend of sophisticated scams targeting individuals' savings. In a separate case, a family reported losing over $500,000 due to a sophisticated hacking scheme while attempting to purchase a home. The rise in cyber scams is alarming, with reports indicating that in the fiscal year 2024, India experienced losses of Rs 177 crore from ATM, credit card, and internet banking frauds. Experts are increasingly concerned about the difficulty in identifying these scams as they become more sophisticated.