Cyber Fraud

Cybersecurity product companies' revenue to reach $6 bn by 2026: DSCI

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

'Sanchar Saathi is optional, user can delete it': Govt issues clarification

Union minister Jyotiraditya Scindia clarified that Sanchar Saathi is optional, following uproar over the government mandate asking phone makers to pre-install the app to help curb cyber fraud

Supreme Court entrusts CBI with pan-Indian probe into digital arrest cases

Supreme Court has asked the CBI to prioritise its investigation into digital arrest scams, directing all states and government agencies to cooperate and empowering the agency to examine bankers

Govt gives smartphone makers 90 days to preload govt cyber security app

The Centre has reportedly asked phone makers to preload its Sanchar Saathi cyber safety app on all new devices within 90 days, and ensure users cannot delete it, as part of steps to curb phone fraud

The strongest shield against cyber fraud lies in daily awareness

As UPI and digital payments grow, criminals use psychological tricks and AI deepfakes to target users. Collective vigilance and cyber hygiene are your best defence

Airtel MD urges customers to use Payments Bank accounts to limit fraud risk

Airtel MD Gopal Vittal has advised customers to open a second Airtel Payments Bank account to reduce exposure to financial fraud

4 arrested in Delhi for providing mule accounts to facilitate cyber frauds

Four persons allegedly involved in arranging mule bank accounts for funnelling and laundering proceeds of various cyber frauds across the country have been arrested from central Delhi, police said on Saturday. According to the police, the accused acted as intermediaries for larger cybercrime modules and were responsible for procuring mule bank accounts, into which cheated funds were deposited in installments. The money was withdrawn and delivered to the main fraudster, while the mule account holders retained small portions as commission. A fraudulent credit of Rs 50,000, dated May 1, was detected in a bank account belonging to one Sameer, a resident of Delhi's Kishan Ganj area, a senior officer said. Subsequently, he was apprehended, and during questioning, he allegedly disclosed that he had received Rs 1,60,760 in fraudulent deposits on the directions of an associate Shivam Rathore, the police said. A raid was conducted in Shastri Nagar area, leading to the arrest of Shivam (20).

Delhi Police crack down on cyber fraud; over 4,400 held in Operation CyHawk

Delhi Police carried out a sweeping two-day crackdown under Operation CyHawk, detaining over 4,400 suspects and disrupting major cyber fraud networks across the capital

Digital arrest hardest fraud threat, Google can't fix it alone: Kotsovinos

Digital arrest scams are the toughest fraud challenge today, calling for ecosystem-wide action as deepfakes and AI-driven impersonation make tracking and prevention more complex, says Kotsovinos

Fighting the fraud: Google plans to roll out anti-spam pop-ups soon

Google is piloting on-screen fraud warnings, real-time scam call detection and a SIM-based verification system to replace SMS OTPs as part of new safety features

Gujarat Police arrest kingpin of Southeast Asia cyber-slavery racket

Gujarat Police has nabbed the alleged kingpin of an international cyber slavery network being operated by Chinese gangs from Myanmar and Cambodia, Deputy Chief Minister Harsh Sanghavi said on Tuesday. The Cyber Centre for Excellence of the Criminal Investigation Department (CID-Crime) arrested Nilesh Purohit alias Neel who allegedly supplied Indian workers to 'cyber slavery' scam compounds in Myanmar and Cambodia, the minister told the media. Purohit, known as 'The Ghost', was arrested from Gandhinagar while he was allegedly planning to flee to Malaysia, said Sanghavi, the Gujarat home minister. The CID-Crime had recently nabbed two of Purohit's main associates, sub-agents Hitesh Somaiya and Sonal Faldu. Two more accused involved in the racket, Bhavdeep Jadeja and Hardeep Jadeja, have also been arrested, said Sanghavi. These sub-agents were accused of running a human trafficking racket where job aspirants were promised high-paying jobs abroad and then forced to work for a cybercrim

Google, OpenAI, Anthropic step up fight against rising AI cyber threats

Leading global AI leaders are racing to fix security flaws in chatbots that hackers are exploiting to steal data and launch cyberattacks

Educate seniors on digital arrest scams; urge them to seek timely help

Remind elders that genuine officials never demand money or threaten arrests over the phone or video call

India to bring back 500 nationals from Thailand after Myanmar scam raids

India is planning to sending a special aircraft to Thailand to repatriate the group, most of whom were victims of the scam operations based in Myanmar's KK Park complex

Meta unveils new anti-fraud tools across WhatsApp, Messenger, Facebook

Meta launches anti-scam tools on WhatsApp, Messenger, and Facebook, plus digital safety workshops to help senior citizens avoid online fraud across India

South Korea seeks to arrest online scam suspects repatriated from Cambodia

Authorities are seeking to formally arrest most of the 64 South Koreans repatriated from Cambodia for allegedly working for online scam organizations in Cambodia, police said on Monday. The 64 South Koreans were detained in Cambodia over the past several months and were flown to Korea on a charter flight Saturday. Upon arrival in South Korea, they were detained while police investigated whether they voluntarily joined scam organizations in Cambodia or were forced to work there. Online scams, many based in Southeast nations, have risen sharply since the COVID-19 pandemic and produced two sets of victims: the tens of thousands of people who have been forced to work as scammers under the threat of violence, and the targets of their fraud. Monitoring groups say online scams earn international criminal gangs billions of dollars annually. State prosecutors have asked local courts to issue arrest warrants for 58 of the 64 returnees at the request of police, the Korean National Police Agenc

One in three Indians duped by festive scams as AI, deepfake frauds surge

Nearly one in three Indians has faced festive season fraud as AI-powered scams, deepfake celebrity endorsements, and phishing cons target Diwali shoppers

FinMin urges RBI to push rollout of digital fraud detection platform

Once operational, DPIP will collect and analyse data from various sources to identify potential threats and prevent fraudulent activities

Delhi ex-banker duped of ₹23 cr after month-long 'digital arrest' scam

Cyber fraudsters posing as ED and CBI officials duped a retired banker in south Delhi's Gulmohar Park area of Rs 23 crore by allegedly putting him under "digital arrest" for nearly a month, police said on Monday. The accused allegedly told the victim that his Aadhaar card was involved in narcotics trafficking, terror funding and Pulwama terror attack and confined him to his flat under the pretext of investigation, an officer said. "The scammers directed him not to step out of his house and coerced him into transferring his savings to various bank accounts over a span of one month," the officer said. According to the police, the 78-year-old victim stated in his complaint that the ordeal began on August 4 when he received a call from a man claiming to be a Mumbai Police officer. The caller accused him of being linked to a drug trafficking racket. Subsequently, fraudsters impersonating ED and CBI officials also contacted him. "Out of fear, the victim complied with their instructions

North Korean hackers used ChatGPT to help forge deepfake military ID

The group responsible for the attack, which researchers have dubbed Kimsuky, is a suspected North Korea-sponsored cyber-espionage unit previously linked to other spying efforts against South Korea