Slow global economy: High cyber fraud cases on Indian exporters

A slow global economy amid the Covid-19 pandemic led to a sharp rise in cyber frauds on Indian exporters last year, with 410 exporters reporting email spoofing/phishing frauds, forged SWIFT details or attempted frauds, up 43% from 287 in 2019. While the government has said that such cyber frauds are causing increased bilateral trade disputes and asked exporters to be cautious, exporters expect such instances to increase.Of the 31,000-odd members