Page 3 - Cyber Fraud

Partnerships that companies need for successful digital transformation

Palo Alto's 2025 State of GenAI report provides an in-depth look into how enterprises are adopting GenAI and where they remain most vulnerable

Govt asks banks to close inactive accounts opened under PM Jan-Dhan Yojana

The concern arises from the increasing misuse of some Jan Dhan accounts by fraudsters as "mule accounts" to carry out cyber fraud

Number of bank frauds increased threefold in FY25, but amount dipped

The number of frauds related to credit/debit cards and internet banking rose over five times in FY25

Senior citizen loses Rs 1.15 cr in cyber scam: Here's how to detect fraud

Fraudsters posing as Income Tax officials dupe Mumbai woman by promising refunds. Know how to detect such false claims

RBI asks banks to integrate DoT's fraud risk tool to curb cyber crimes

The Reserve Bank of India has advised all banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to curb online fraudulent transactions, an official statement said on Wednesday. Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud. The data is collected from various sources, including reporting on the Indian Cyber Crime Coordination Centre (I4C's) National Cybercrime Reporting Portal (NCRP), DoT's Chakshu platform, and Intelligence shared by banks and financial institutions. "The Department of Telecommunications (DoT) welcomes the Reserve Bank of India's (RBI) advisory issued on June 30, 2025, directing all scheduled commercial banks, small finance banks, payments banks, and co-operative banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT into their systems," th

Elderly woman in Mumbai duped of ₹1.15 cr by cyber fraudsters over 6 years

A 70-year-old woman from central Mumbai lost about Rs 1.15 crore to cyber scamsters, who posed as Income Tax (I-T) officials, over six years, police said on Wednesday. The incident came to light on Monday after the septuagenarian, a resident of the Worli area, filed a complaint with the Dadar police. The victim first received a call in May 2019 from a woman who claimed to be an I-T official and told her that the department wanted to return her deceased husband's money, the police said. The complainant was asked to clear "pending" taxes and various penalties accrued against her husband's name to get back his money, the official said. Believing the caller, the woman started depositing money into the accounts provided by the fraudsters, he said. Over six years, the complainant shelled out over Rs 1.15 crore in 50 transactions, but never received any money from the I-T department, he said. The woman recently shared the episode with her relatives, who told her that she was being conne

CBI busts 850,000 mule accounts in 700 bank branches across five states

The CBI has detected 8.50 lakh mule bank accounts in over 700 branches nationwide which are being used by cyber criminals to launder proceeds from scams involving digital theft, impersonation, fraudulent investments, and UPI-based frauds, an enquiry by the agency has found. The central agency's crackdown on these mule accounts, opened using fake IDs for the limited use of siphoning victims' money, came through a coordinated search operation recently at 42 locations in Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh during which nine suspects were taken into custody, officials said Thursday. Those taken into custody include alleged middlemen, agents, aggregators, account holders, and banking correspondents, all believed to be instrumental in orchestrating and facilitating the opening of these fictitious accounts, they said. A mule account opened in the name of an individual who may or may not be aware that the account is used to launder illicit money. The CBI has found that

TCS says co not under probe in M&S breach; Chandra skips AGM for first time

At TCS's 30th AGM, the firm clarified it is not under probe in the M&S cyber breach, while shareholders raised concerns over AI, job security and tech strategy

Operation Chakra-V: CBI raids 10 sites in nationwide cyber fraud crackdown

CBI conducts nationwide raids in a major crackdown on cyber fraud under Operation Chakra-V, arresting two suspects and seizing cryptocurrency and digital evidence

How a cyber scam from India fooled foreigners - CBI recovers Rs 3 crore

Using tools that masked caller identities and generated fake leads, the syndicate reached out to unsuspecting victims abroad and ran well-scripted scams.

Ram temple prasad scam: ₹3.85 crore cyber fraud busted, mastermind held

Ayodhya Police crack ₹3.85 crore scam over fake Ram Lalla prasad bookings, refund ₹2.15 crore to devotees, arrest mastermind on return from US

What are China's grey zone tactics, and why Taiwan is vary of them?

China uses hybrid tactics-military drills, economic leverage, and psychological pressure-to steadily reshape Taiwan's security landscape while avoiding direct confrontation

FM directs public insurers to adopt AI, expand portfolios for new risks

FM asks state-run insurers to tackle emerging risks like cyber fraud, diversify products, use AI for pricing and claims, improve penetration and transform digitally

Beware before you tap: WhatsApp image scam could drain your wallet

Scammers are using WhatsApp images to silently hack phones and access banking info. Learn how this hidden threat works and simple steps to protect your money and data

Airtel approaches Jio, VIL on joint telecom initiative against fraud

Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams. Airtel has also urged all telcos to collaborate and collectively address the growing threat of deceptive and malicious scams targeting vulnerable individuals. In separate letters to the telcos, it cited data that India recorded over 1.7 million cybercrime complaints in the first nine months of 2024, resulting in financial losses exceeding Rs 11,000 crore. The call for action comes at a time when cybercriminals are using increasingly sophisticated tactics like phishing links, fake loan offers, and fraudulent payment pages, leading to a surge in digital fraud and identity theft incidents. Airtel has upped the ante on the war on digital spams and scams, and the last few weeks have seen the Sunil Mittal-led telco rolling out fraud detection solution to block rogue sites across ...

Andhra police arrestes international cyber fraud syndicate, 33 held

The Andhra Pradesh police has busted an alleged international cyber fraud syndicate operating from Achyutapuram here, with the arrest of 33 people and seized high-end tech equipment and Rs 3 lakh cash. Anakapalli district Deputy Superintendent of Police (DSP) Vishnu Swaroop led simultaneous raids at three major locations on Thursday following a complaint from a Village Revenue Officer and intelligence inputs. Items including computers, network devices, and luxury furnishings were seized. This was a full-fledged call center targeting United States (US) citizens through impersonation and Voice Over Internet Protocol (VoIP) scams using Amazon support as a cover, Swaroop told PTI on Friday. According to police, job seekers were hired through online portals, trained in impersonation techniques, and then deployed for scam calls to extract sensitive financial information from US citizens The recruits, mostly from Assam and northeast India, were provided food and accommodation. In a week t

Navi Mumbai businessman duped of ₹2.74 crore in online gaming app fraud

The businessman lost the money to a gaming scam after fraudsters lured him with fake promises of a prize. Similar cases across India highlight growing cyber fraud via gaming apps

What is e-Zero FIR and how it can help you | Cyber fraud | MHA | Cyber crime

The government has launched the e-Zero FIR system to fast-track high-value cybercrime investigations. Starting in Delhi, it auto-registers FIRs for frauds above ₹10 lakh.

DoT launches FRI tool to flag risky mobile numbers in cyber frauds

DoT introduces Financial Fraud Risk Indicator under DIP to help banks and UPI platforms detect risky mobile numbers and prevent cyber frauds more proactively

42% WhatsApp users got job scam messages asking for payment, finds survey

A LocalCircles survey reveals 42% of WhatsApp users in India received fake job offers demanding payment. The report highlights rising impersonation and fraud cases across the messaging platform