Page 6 - Cyber Fraud

Dark side of tech: AI-driven cyberattacks call for better security measures

In a world increasingly reliant on technology, cybercriminals are misusing artificial intelligence (AI) to execute sophisticated attacks, posing significant threats to individuals and organisations alike, according to an expert. Recent high-profile data breach reports involving Star Health exemplify this alarming trend, highlighting the urgent need for upgraded cybersecurity measures. In a conversation with PTI, Sneha Katkar, Head of Strategy and Product Custodian for the cybersecurity firm Quick Heal's antivirus lineup, pointed out that the landscape of cybercrime has undergone significant evolution. "Cyber criminals today are not operating manually; they are using AI to automate attacks. They are using artificial intelligence to actually conduct these attacks. It's so sophisticated in nature that the best of the best fall prey to it," she noted. This automation allows them to bypass traditional security measures, making it challenging for even the most robust systems to defend ..

Digital arrest and Rs 7 crore heist: How Vardhman Group head was tricked

The fraudsters used fake court orders and impersonated the Chief Justice of India to convince Oswal he was part of a money laundering investigation

Vi partners with Nokia to enhance network security against cyber threats

The telecom sector is a prime target for cyber threats due to the large amounts of sensitive data it stores, such as credit card details and social security numbers

Over 29,000 Indians missing in SE Asia; trapped in cyber slavery: Report

Many victims are believed to have been lured with promises of high-paying jobs, only to be trapped in cyber fraud schemes in what is being described as 'cyber slavery'

Star Health sues Telegram after hacker uses app chatbots to leak data

Star Health has sued Telegram and a hacker for leaking sensitive data via chatbots on the platform, which has recently been under increased scanner for its policies

India launches online 'suspect registry', 1.4 mn listed for financial fraud

Around 4.78 million cyber complaints involving 171.3 million victims have been filed to date, including cases of child sexual abuse material (CSAM) with 17,000 FIRs registered for CSAM-related crimes

Centre to train 5,000 Cyber Commandos over next 5 years: Amit Shah

Under the 'Cyber Commandos' program, the Centre will establish a specialised unit of trained 'Cyber Commandos' across States and Union territories

Delhi court grants bail to 9 persons accused in $15 mn cyberfraud case

In July this year, the CBI arrested 43 accused people from a Gurugram call centre in connection with the case

Security agencies detect phishing fraud that mimics MoD's official website

Indian cyber-security agencies have detected a phishing fraud that "mimics" the official website of the Ministry of Defence to "harvest" the log-in credentials of officials to "steal" sensitive government documents. An advisory issued this week by the National Informatics Centre (NIC) has identified two phishing links -- mod.gov.in.aboutcase.nl/publications.html and mod.gov.in.army.aboutcase.nl/publications.html. The communication has been accessed by PTI and it says both the URLs seek NIC-provided log-in credentials of government officials through a fake e-mail that comes attached with a "fake" document titled "Hackers Targeted Defence Personnel in Mass Cyber Attack". Once individual credentials like log-in IDs and passwords are punched, the links re-direct the users to a "login-error.html" page. "Both the phishing URLs have mirrored the original MoD website (www.mod.gov.in) to lure end users into believing they are legitimate MoD websites," the communication says. The two links

SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana

Fraud uncovered after numerous complaints on the National Cybercrime Reporting Portal

Indian banks spending less on cybersecurity than global peers, says BCG

Digital payment frauds saw a more than fivefold jump to Rs 1,460 crore ($175 million) in the year ended March 2024 from the previous year

Centre warns against fake letter seeking response over porn on devices

The fraudulent letter is currently circulating, falsely claiming to be from the agency and asserts that suspicious activity has been detected linked to a recipient's IP address

America faces many elevated threats 'all at once', says FBI director

The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is hard pressed to think of a time in my career where so many different kinds of threats are all elevated at once. Wray spoke Wednesday with The Associated Press while visiting the Minneapolis field office to talk about partnerships between law enforcement agencies and also with other entities. His remarks come as the FBI confronts heightened concerns over terrorism, both domestic and international, as well as Chinese espionage and intellectual property theft and foreign election interference. I worry about the combination of that many threats being elevated at once, with the challenges facing the men and women in law enforcement more generally, Wray said at the office in the suburb of Brooklyn Center. And the one thing that I think helps bridge those two challenges is partnerships. That's how w

Google to help build cyber protection software for Australian infra

The software for organisations such as hospitals, defence bodies and energy suppliers will be customised to be in line with Australia's regulatory environment

ED, Cyber Crime conduct search ops at 20 locations in Magicwin case

The ED's investigation revealed that the Magicwin website was involved in illegal activities such as betting

Fintechs asked to sign up on financial cyber fraud reporting portal

To also appoint a nodal officer to attend to customer grievances and engage with law-enforcement agencies to prevent fraud

Phishing attacks targetting CrowdStrike users after global outage: CERT-In

A Microsoft Windows outage caused by a faulty CrowdStrike Falcon Sensor update led to system crashes globally. Now a phishing campaign is targeting CrowdStrike users who were impacted by the outage

Global outage leading to phishing attacks against CrowdStrike user: CERT-In

The Indian cyber security agency has said a phishing attack campaign has targeted users impacted by the recent global computer outage, with attackers impersonating CrowdStrike support staff to trick people by offering to help them with system recovery tools. According to a CERT-In advisory issued on Saturday said, these attack campaigns could "entice an unsuspected user to install unidentified malware, which could lead to sensitive data leakage, system crashes and data leak." The world suffered a major computer systems outage on July 19 due to a faulty update to the CrowdStrike Falcon Sensor software leading to crash of Microsoft Windows operating system. The event grounded numerous flights, hit business, banking and hospital systems across the globe including in India. The systems have now recovered as both CrowdStrike and Microsoft released official fixes even as some organisations continue to recover from the mega technology meltdown. It has been reported, the advisory said, tha

Cybercrime costs to hit $10.5 trn by 2025: How insurance may save your biz

Cyber insurance is crucial for any organisation that uses digital systems and holds sensitive information

Different faces of bank frauds

Customer education is the key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud