Explore Business Standard
A pan-India cyber investment fraud allegedly involving overseas links was busted with the arrest of 12 people from six states, police said on Saturday. The accused were arrested over the past 24 hours from Odisha, Uttarakhand, Chhattisgarh, Haryana, Rajasthan and Uttar Pradesh for allegedly running a nationwide cyber investment racket through WhatsApp groups, SP (Rural) Amrit Jain said. Working in coordination with the Ministry of Telecommunications, the Aligarh cyber crime cell identified around 600 WhatsApp groups that were allegedly being used to lure and cheat investors across the country, Jain said. Police claimed that timely action helped prevent an estimated fraud of about Rs 500 crore that could have affected more than 1.5 lakh people nationwide. The case came to light after Dinesh Sharma, a retired deputy general manager of Punjab National Bank, approached the cyber crime cell on January 31 and reported that he had been cheated of over Rs 11 lakh through a WhatsApp-based .
India's cybersecurity product revenues are expected to grow to around USD 6 billion by 2026, the Data Security Council of India said on Thursday. IT industry body Nasscom's data security arm has estimated Indian cybersecurity product companies earned revenue of USD 4.46 billion in 2025. "India cybersecurity product companies revenue is set for healthy growth in 2026. It is estimated to reach USD 5.98 billion in 2026," DSCI CEO Vinayak Godse said at Annual Information Security Summit 2025. He said that the segment has grown 4 times in the last 5 years. "The segment grew 25 per cent year-on-year in 2025," Godse said. He said artificial intelligence (AI) will be an important factor that will have an impact on the segment. "It is a greenfield for the segment. We are still trying to figure out the impact of AI. We are also seeing the geopolitics scenario at present has made the market conducive for India cybersecurity companies," Godse said. He said India cybersecurity firms have bee
The Supreme Court on Monday said it is inclined to entrust to the CBI the probe into digital arrest cases after taking into consideration the magnitude and pan-India spread of such crimes, and sought details of FIRs registered in different states and union territories. A bench of Justices Surya Kant and Joymalya Bagchi issued notices to all the States and UTs on digital arrest cases and posted the suo motu cases registered by it on a complaint of an elderly women defrauded by fraudsters on November 3. The top court noted the submissions of Solicitor General Tushar Mehta, appearing for the CBI, that cyber crime and digital arrest cases are originating from off-shore locations like Myanmar and Thailand and directed the probe agency to come up with a plan to probe these cases. We will monitor the progress of the CBI investigation, issue whatever directions are necessary, it said. The bench asked the CBI to respond whether it needs more resources, including cyber experts who are not in
The government is taking various measures, including setting up Digital Intelligence Platform, to curb cyber crimes and international spoof calls have also come down, Union Communication Minister Jyotiraditya Scindia said on Wednesday. He told the Lok Sabha that the communications and home ministries have taken four to five major measures to deal with cyber crimes. The Digital Intelligence Platform (DIP) brings various stakeholders together. It has coopted 620 institutions, including 570 banks, police institutions of 36 states and investigating agencies, Scindia said during the Question Hour. Elaborating on the measures taken, the minister also said that international spoofed calls have come down by 97 per cent. A Fraud Risk Indicator (FRI) software is being used wherein the data about individuals doing fraud with banks are categorised into various categories. The details are provided to all the banks and the transaction of such individuals are blocked, he said. Responding to a .
China issued warrants on Thursday for 20 Taiwanese people it said carried out hacking missions in the Chinese mainland on behalf of the island's ruling party, while separately banning dealings with a Taiwanese company whose owners mainland authorities called hardcore Taiwan independence supporters". Police in the southern manufacturing hub of Guangzhou said they were led by a man named Ning Enwei on behalf of Taiwan's independence-leaning Democratic Progressive Party but did not identify their alleged crimes. Meanwhile, China's government said all commercial contact had been banned with the Sicuens International Company Ltd., which it says are led by businessman Puma Shen and his father, calling the two men independence supports. Websites mentioning Sicuens say it specializes in sourcing bicycle parts from China. Shen is also the head of the Kuma Academy, an organization that encourages Taiwanese people to prepare for possible invasion. China considers Taiwan its own territory, to