Page 5 - Cyber Fraud

Govt to use AI to track mule accounts in cyber fraud crackdown: Amit Shah

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

Malicious iOS, Android apps can read screenshots for passwords: Here's how

Reportedly, some malicious apps on App Store and Play Store have been using Optical Character Recognition (OCR) technology to extract crypto wallet passwords from saved screenshots

NPCI chief advocates for stronger legal systems to deter cyber frauds

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

RBI Governor Sanjay Malhotra flags rising issue of digital frauds

Asks banks to suggest steps for enhancing ease of doing business

Embassy rescues 67 trafficked Indians from cyber-scams centres in Laos

The Embassy expressed gratitude to Lao officials for their cooperation and has urged decisive action against the criminal syndicates operating in GTSEZ

Delhi cyberfrauds siphoned Rs 4,900 cr cyber crime money abroad: ED

The Enforcement Directorate Thursday said two Delhi-based "cyber criminals" siphoned off more than Rs 4,900 crore abroad by "misusing" special economic zone (SEZ) facilities. The two accused -- Punit Kumar alias Puneet Maheshwari alias John, a resident of Moti Nagar area, and Ashish Kakkar alias Pablo, a resident of Greater Kailash -- were arrested by the federal agency last year as part of this investigation. On January 17, ED in a statement said a provisional order was issued to attach nine residential flats in Delhi and a parcel of agricultural land in Rewari, Haryana, in the name of the two people and their families. The ED said it got on to the case after taking cognisance of multiple police FIRs registered across the country against people involved in crimes like online gaming fraud, multi-level marketing schemes and investment scams, including part-time job frauds, online shopping and fake loans disbursal frauds through mobile apps. These "scams" were perpetrated through ...

Trump's biggest China threat is not TikTok but critical infrastructure

Chinese hackers are burrowing into the networks of major critical US infrastructure, including energy grids, water treatment plants and transportation networks

Sanchar Saathi App: How you can help fight cyber fraud and stay secure

The Sanchar Saathi app is an extension of the Sanchar Saathi portal, launched by the government in May 2023

Marking out multidimensional technology risks world faces in 2025

Weaponisation of biotechnology, sophisticated cyberattacks and the cost of investing in security are among challenges this year

Greed to fear, the changing face of cyberfraud and India's challenge

India needs to repeat what it did for financial inclusion - launch a nationwide campaign -- to tackle cybercrime

India ranked second in attacks by threat actors in 2024, shows data

Globally, manufacturing, construction and real estate, healthcare, tech and telecom, and financial services were the top affected sectors

Rs 9 cr frozen, 2 cr returned to victims in West Delhi cyber fraud case

Approximately Rs 9 crore was frozen in Delhi in connection with cyber frauds, with around Rs 2 crore released back to the victims in west district in 2024, an official said on Friday. "These efforts are part of an ongoing initiative to protect the public from cyber criminals, who exploit digital platforms for fraudulent activities," Deputy Commissioner of Police (West) Vichitra Veer said. The officer further said the West district cyber police station has been operational since December 2021, securing victims' funds. Sharing details, the DCP said in 2024, the cyber police station resolved around 8,000 complaints. "During the entire year, 93 individuals were arrested or apprehended, with 22 from earlier cases and 71 from new incidents registered in 2024 alone," said the DCP. He said one of the key highlights of the year was the freezing of Rs 9.12 crore in fraudulent transactions. Victims of cyber crimes were also provided with guidance on how to apply for the release of their sto

ED conducts raids in Bengal over Rs 1,000 cr 'cyber fraud' in Tamil Nadu

Sleuths of the Enforcement Directorate (ED) started conducting raids at eight locations across West Bengal on Thursday in connection with its probe into cyber frauds involving over Rs 1,000 crore in Tamil Nadu, a senior officer said. Raids are underway simultaneously at five places in Park Street, Salt Lake, and Baguihati areas in Kolkata and in three other locations in districts, he said. During the raid in Salt Lake area, the ED sleuths detained a person for questioning, the officer said. "Our officers are now conducting raids at a flat in a high-end residential complex in Baguihati," he told PTI. Several people based in states in eastern India have been found involved in the crime, he added.

Cyber frauds: WhatsApp, Telegram and Instagram are top targets of scammers

In the first three months of 2024, there were a total of 43,797 complaints of cyber fraud related to WhatsApp, 22,680 against Telegram, and 19,800 regarding Instagram

Raise awareness about cyber frauds, identify mule accounts: RBI report

A Reserve Bank report on Monday stressed increasing awareness about cyber frauds and efforts to identify mule accounts amid rising digital transactions. With the rise in digital transactions, the incidents of cyber frauds using novel modus operandi have increased in recent times, the December edition of the Financial Stability Report (FSR) released by the RBI said. "Considering the fact that the financial losses and emotional distress caused by these frauds are substantial, it is imperative that Regulated Entities (REs) undertake wide-scale preventive awareness initiatives to caution the public about such frauds and intensify efforts to identify mule accounts," it said. According to the RBI's Report on Trend and Progress of Banking in India 2023-24, the number of bank frauds witnessed a significant year-on-year increase in the first half of the current fiscal to 18,461 cases and the amount involved jumped more than eight-fold to Rs 21,367 crore. The number of frauds during ...

DoT asks telcos to play cybercrime awareness caller tune 8-10 times daily

The telecom department has ordered operators to play cyber crime awareness caller tune 8-10 times per day to telephone subscribers for three months. According to the order copy sent to the telecom operators, the caller tunes will be provided by the Indian Cybercrime Coordination Centre (I4C) -- a cyber crime wing under the Home Ministry. "In order to make the public aware about cybercrime through the caller tune campaign, it has been decided to play caller tune audios through pre-call announcement/ring back tone arrangement, which will be provided to TSPs by nodal officers of I4C. Caller tunes to a subscriber may be played about 8-10 times a day," the order dated December 18 said. The order asked telecom service providers (TSPs) to immediately take action on the order. "Different caller tunes related to cybercrime will be provided on a weekly basis for a period of three months," the order said. There has been a rise in the incidence of financial fraud through new scams like digita

Bureau secures $30 m in Series B funding to combat growing cyber fraud

With global fraud losses surging past $5 trillion annually-a staggering 56 per cent increase in the past decade-the demand for advanced fraud prevention has never been more critical

59,000 fell victim to online trading fraud in Odisha over 6 yrs: CM Manjhi

More than 59,000 people became victims of online trading frauds in Odisha during the last six years, Chief Minister Mohan Charan Majhi informed the Assembly on Monday. In a written statement, Majhi said 769 online trading fraud cases were reported in the state between 2019 and November 2024 and 59,437 people were victims of such frauds. Most of the online trading fraud cases reported in 2023 and 2024. Altogether 190 cases involving cheating of 18,994 people were reported in 2023, while 40,270 people were cheated in 472 cases the next year, the chief minister said in question of Congress MLA Tara Prasad Bahinipati. In 2023, the Economic Offences Wing (EOW) of Odisha police registered four online trading fraud cases against cyber criminals, who allegedly cheated 18,804 people, he said. Similarly, the EOW has registered three such cases in the current year, in which 40,219 people were cheated during online trading, Majhi said. Stating that steps have been taken to control online trad

India should make cybersecurity national mission, become leader in efforts

Risks are going increase as the country adopts new technologies and becomes more digital

AI-driven, deepfake-enabled cyberattacks to increase in 2025: Report

AI-driven and deepfake-enabled cyberattacks are anticipated to become increasingly prevalent in 2025 with sectors like healthcare and finance most prone targets, according to a recent report. The India Cyber Threat Report 2025 by the Data Security Council of India (DSCI) and Seqrite, spotlighted the evolving tactics of cybercriminals and the rise of AI-driven attacks as a major concern. "Artificial Intelligence (AI) will be used to develop highly sophisticated phishing campaigns utilising deepfake technology and personalized attack vectors, making them harder to detect. AI-driven malware will adapt in real-time to evade traditional security measures, while data poisoning attacks will compromise the integrity of critical AI systems in sectors such as healthcare and autonomous transportation," the report noted. Deepfake technology will create compelling malicious content, including fake video or audio messages from trusted sources. This will facilitate more effective social engineerin