Cyber Fraud

The Allahabad High Court has expressed serious concern over indefinite freezing of bank accounts of people after their identities and personal details are misused by cybercriminals. A Lucknow bench of justices Rajan Roy and Subhash Vidyarthi on Thursday asked the Centre to devise an effective mechanism to address such cases, observing that gullible citizens should not be left trapped in the aftermath of cybercrimes committed using their details. The bench impleaded the home ministry in a petition filed by a builder whose bank accounts have remained frozen. It directed Deputy Solicitor General SB Pandey, appearing for the Union government, to obtain instructions and file an affidavit in response. The matter will be heard after four weeks. In its order, the bench said, "We would like the concerned ministries/departments to come-up with a solution to such problems where gullible citizens are caught in a trap by the cyber criminals and their details are used by the latter for committi

The Supreme Court refused to entertain a cyber fraud accused's bail plea, taking a stern view of such offences amid efforts to strengthen action against digital arrest scams

India's cybersecurity watchdog has flagged an escalating AI-powered campaign targeting banks, NBFCs and fintech firms, with attackers exploiting payment APIs to carry out unauthorised fund transfers

Refrigeration systems at dozens of supermarkets across Europe were targeted, forcing retailers to discard frozen food after freezer temperatures rose to 50 degrees Celsius

The microfinance lender said unauthorised transactions were made from one of its bank accounts on November 1, and it has sought fund recovery and the freezing of beneficiary accounts

Rising ransomware attacks and data breaches have pushed up cyber insurance claims in the banking sector, but increased reinsurance capacity continues to keep premium rates soft.

Supreme Court says RBI's proposed rules must hold banks liable for customer losses caused by inadequate safeguards, with compensation no lower than the amount lost to fraud

At the Business Standard BFSI Insight Summit 2026, experts called for better intelligence sharing, stronger fraud detection and wider use of AI to curb digital payment fraud and protect users

Governments and companies worldwide are racing to patch critical PHP vulnerabilities as hackers launch millions of attempted attacks, disrupting public services and banking operations.

Eight eMudhra intermediate certificates had weak private keys that could enable website impersonation, prompting Google, Mozilla and Cloudflare to act to protect internet users

The government's cybersecurity enforcement agency also said most of the companies these AI models and AI agents targeted had no idea their networks had been breached

Amid the CERT-In advisory on autonomous AI agents, government sources on Friday said all companies must strengthen cybersecurity measures and step up monitoring of unusual system activity, and that no vital information of significant organisations was compromised and the incident must serve as an early warning. India's cybersecurity agency CERT-In has issued a 'critical' advisory warning that autonomous Artificial Intelligence (AI) agents have accessed live systems and confidential data of Indian organisations without authorisation, while threat actors are actively weaponising open-source agentic AI tools to execute rapid cyberattacks. Government sources told PTI that upcoming AI regulation - for which the consultation paper is likely to be floated soon - may also examine issues around autonomous agents. The incident did not involve any significant organisations or result in major financial losses or compromise of vital information, sources said, while emphasising that it had ...

Calls for govts, tech firms, telcos, and financial institutions to work together

Indian SMEs plan to increase cybersecurity spending as cyber incidents rise, but limited monitoring, in-house expertise and employee awareness continue to leave gaps in their security preparedness

From hijacked verified accounts to fake software and security checks, cybercriminals are exploiting trusted platforms to make malware look legitimate and trick users into running malicious commands

Banks can hold fraud-linked amounts immediately; customers get 20 days to explain transactions

Anthropic also said it identified and disrupted cases in which users attempted to use Claude models for malicious activity that could potentially support development of biological weapons

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

The advisory warned users about fake porn apps being promoted through Facebook and Instagram ads that may lead to financial fraud

The Firebase notices come amid a broader regulatory push to curb digital-payment fraud. The RBI's fraud-prevention measures broadly cover three areas