In an exclusive interview with Free Press Journal, Anirban Mukherji, Founder and CEO of Pune-based cybersecurity firm miniOrange, sounded a sharp alarm about Mumbai's rapidly worsening cyber fraud landscape, and why the city's very strengths make it dangerously exposed.
Mumbai's status as India's financial capital, a city of dense banking networks, thriving fintech companies, booming real estate and millions of daily digital transactions, has made it one of the most attractive hunting grounds for cybercriminals in the country.
In an exclusive conversation with the , Anirban Mukherji, Founder and CEO of miniOrange, a Pune-based identity security firm, laid out a sobering picture of the city's digital vulnerabilities. "In 2025, Mumbai residents lost Rs. 1,031 crore to cyber fraud, with only about Rs. 110 crore recovered or frozen. Police registered 4,825 cyber fraud cases that year," he said.
The recovery rate of barely 10.7 percent speaks to how rapidly fraud moves once it is executed, and how difficult it is to claw back even a fraction of what is stolen.
Mumbai is a prime target for cybercriminals
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