Approximately Rs.2-3 billion worth of online financial fraud has been reported in Pakistan over the year according to the National Cyber Crime Investigation Agency (NCCIA). While briefing a parliamentary committee in Islamabad, the NCCIA said that recent cases of financial fraud have increased especially through WhatsApp, with extortion that targets trusted people such as family and friends. Illegally operating call centers and software houses across the country make fake calls made to ordinary citizens claiming to be trusted investment schemes and con them out of millions of rupees.
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