Double Cyber Strike in Hyderabad: Man Duped of ₹3.04 Lakh, Fake Job Racket Steals Staggering ₹47 Lakh
Hyderabad / Tarai 24 National Desk, March 11, 2026 — Cybercriminals continue to cast a wide net across Hyderabad, with two major online fraud cases coming to light this week. In a double blow to city residents, scammers siphoned off a combined total of over ₹50 lakh through a credit card limit upgrade scam and a highly organized fake job racket.
The Credit Card Limit Scam
In the first incident, a Hyderabad man was duped of ₹3.04 lakh after receiving an unsolicited call from individuals posing as executives from his bank. The fraudsters offered to significantly upgrade his existing credit card limit. Under the guise of processing this upgrade, they manipulated the victim into sharing his sensitive financial details, including his CVV and One-Time Passwords (OTPs).
Shortly after complying with the caller’s instructions, the victim received alerts for multiple unauthorized transactions, realizing that ₹3.04 lakh had been systematically drained from his account.
The ₹47 Lakh Fake Job Racket
In a separate and even more devastating case, a fake employment syndicate successfully cheated victims out of a massive ₹47 lakh. Cyber fraudsters targeted desperate job seekers through social media and messaging apps, luring them with the promise of high-paying roles in reputed multinational companies.
The scammers gained the victims’ trust by conducting mock online interviews and sending highly convincing, forged offer letters. However, before the supposed “joining dates,” the victims were coerced into paying heavy amounts disguised as registration, training, equipment, and background verification fees. Once the ₹47 lakh was transferred over a series of transactions, the fraudsters immediately blocked all communication channels and disappeared.
Police Issue Fresh Warning
The Hyderabad Cyber Crime Police have registered official complaints in both cases and initiated investigations to track the digital footprints of the culprits.
Authorities have once again issued an urgent advisory, urging citizens to remain highly vigilant. Police emphasize that banks never ask for OTPs, PINs, or CVV numbers over the phone for credit limit upgrades. Furthermore, legitimate companies do not demand upfront payments or security deposits from candidates during the hiring process. Victims of such cyber frauds are encouraged to report the incidents immediately to the national cybercrime helpline at 1930.
