A social media group that has nodal officers from e-wallet firms and e-commerce portals, and police officers from across India, has been able to prevent fraudulent transactions amounting to 15 crore across the country over the last six months.

The informal group, opened by two cyber police staff from Madhya Pradesh, now has 2,000 members on Telegram. The mission is to stop online frauds and prevent money reaching the fraudsters, all in real time.

A recent example is the quick refund to an online fraud victim from Pune.

A private school teacher has 2.5 lakh siphoned from his account after he made an online payment of 10, as a…

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