Page 13 - Cyber Fraud

Hackers steal $323 mn in crypto from cross-chain protocol Wormhole

Wormhole is a platform that allows users to transfer cryptocurrency across different blockchains.

Consumers lost $770 million in social media scams in 2021: Report

More than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021, according to a new report

Senior citizens loses over Rs 11 lakh to cyber fraudsters in Mumbai

A senior citizen was allegedly duped of over Rs 11 lakh by cyber fraudsters when she tried to recover the money she had lost while ordering pizza and dry fruits online, police said on Saturday.

Ditch sticky notes and pets' names: How to have safe passwords in 2022

We routinely ignore the recommendations for good passwords in the name of convenience

What is Log4j? An expert explains the latest internet vulnerability

The software is used to record all manner of activities that go on under the hood in a wide range of computer systems

India's cybersecurity services, product industry revenue at $9.85 billion

India's cybersecurity services and product industry logged a revenue of USD 9.85 billion in 2021 and grew at a compound annual growth rate of about 40 per cent in the last two years, a report by Data Security Council of India (DSCI) said. The report titled 'India Cybersecurity Industry Report Services & Product Growth Story' said the key drivers of the Indian cybersecurity industry are adoption of cloud-first strategy; business-led innovation (remote working conditions); growing threat landscape and awareness around threats; and global and domestic regulations around compliance and data privacy. North America and Europe continue to be the leading geographies for services and products revenue with combined 58 per cent revenue contribution, it added. Asia and Middle East and Africa (MEA) are the fastest growing geographies, it said. The report said the Indian cybersecurity services industry grew from USD 4.3 billion in 2019 to about USD 8.5 billion in 2021. The Indian cybersecurity

Airtel CEO warns cyber-fraud cases are becoming 'alarmingly frequent'

Common instances of fraud include fake UPI handles and websites and fake OTPs

Cybercrime pendency rose in two-thirds of states in 2020: NCRB data

Chargesheeting, which indicates the rate of disposal of crime cases by the police, declined in nearly half the states when compared to 2019

How to safeguard yourself from financial frauds, online and offline

Cyber Crime: There's very little you can do at your end, apart from being more vigilant. But certain things that you should do can make a lot of difference

Indian team backs IBM's Telum chip aimed to stem $30 bn consumer fraud loss

IBM Telum Chip: The team owned a significant portion of the logic design, verification and validation, in addition to the complete physical design of the new dedicated on-chip accelerator

Data breaches cost Indian companies Rs 165 mn, rising 18% from 2020: Report

Breaches worldwide cost companies $4.24 million per incident on average, says an IBM study.

Explained: How cryptocurrency turbocharged the cybercrime racket

Cryptocurrency and the exchanges where digital currency can be traded anony­mously have emerged as key tools for the cyber extortionists

Cyber fraud helpline brings banks and police together: Here's how it works

The helpline and its reporting platform have been made operational by the Indian Cyber Crime Coordination Centre (14C) with support from the RBI, all major banks, payment banks, wallets

MHA running national helpline, reporting platform to fight cyber fraud

The national helpline is 155260

Critical entities targeted in suspected state-backed Chinese cyber spying

A cyberespionage campaign with suspected state-backed hackers exploiting a device meant to boost internet security to penetrate the computers of critical US entities

No cyber breach into National Informatics Centre email system, says govt

The email system is "totally safe and secure", the Ministry of Electronics and IT said

Cyberattacks could trigger more rating actions on banks, says S&P

The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working

Online fraud alert: Deny remote access to your laptop, say analysts

If you do give access, monitor service provider's activity

Gaming out cyber-attacks

A shoot-out is less likely if both parties know the other is capable of massive retaliation

One in two Indian adults fell prey to cybercrime in last 12 months: Report

Seven in 10 Indian adults believed that remote work has made it much easier for hackers and cybercriminals to take advantage of them, a new report revealed on Monday