Page 8 - Cyber Fraud

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

Scam alert: Upstox warns investors against cyber fraud, Check details

Online stockbroker flags fake WhatsApp channels that falsely claim affiliation with the company

Rs 38.25 cr swindled in cyber fraud across India in two months: Police

The police have arrested 28 people, including nine women in the last two months, for allegedly duping people by offering investment opportunities in the share market, police said on Monday. The police said Rs 38.25 crore has been swindled in separate incidents of cyber fraud in the past two months. During the investigation, the police recovered Rs 27,700 in cash, three laptops, 24 chequebooks, an iPOS machine, 15 mobile phones and 95 SIM cards from their possession, DCP cyber Siddhant Jain said. The police said 10,472 complaints and 540 cases are lodged against the accused across the country. Of these, 26 cases are registered in Haryana, including six in Gurugram. Further investigations are underway, the police said. The accused used to commit cyber crimes like task-based fraud in the name of getting profit in the share market, in the name of online ticket booking, through social media and getting money transferred by pretending to be experts, Jain said. DCP Jain said that after .

BSNL data breach exposes 278 GB of sensitive telecom info, twice in 6 mts

A threat actor has claimed to have obtained sensitive data, which includes international mobile subscriber identity numbers, SIM card specifics, home location register data, and security keys

Technology to financial services: Cyber frauds hurt organisations

One reason for cyber frauds is limited investments in governance protocols

Japan's space agency hit by cyberattacks, no sensitive data compromised

Japan's space agency has suffered a series of cyberattacks since last year, but sensitive information related to rockets and satellites was not affected and it is continuing to investigate and take preventive measures, officials said Friday. Chief Cabinet Secretary Yoshimasa Hayashi acknowledged that the Japan Aerospace Exploration Agency, or JAXA, has had "a number of" cyberattacks since late last year. JAXA has investigated the extent of illegal access while shutting down the affected networks and verifying that they did not contain classified information about operations of rockets and satellites and national security, he said. Hayashi vowed to strengthen Japan's ability to counter cyberattacks. Japan has been accelerating a military buildup in response to China's growing military might and is hoping to be able to develop a counterstrike ability, but experts say Tokyo will continue to need to rely heavily on the United States for launching long-range cruise missiles at ...

Drafting of rules under data protection law in advanced stage: Vaishnaw

Drafting of rules under the data protection legislation is in advanced stage with industry-wide consultations slated soon, Union Minister Ashwini Vaishnaw said on Saturday, asserting that India will also look at doubling electronics production and adding jobs under the Modi 3.0 government. At the same time, the Minister for Electronics and IT assured that regulatory work will see "good continuity" and that the agenda on digital regulatory framework remains "intact". The timelines for semiconductor plants of Micron and Tata Group too are on track. The process of implementation of the Digital Personal Data Protection (DPDP) Act will be based on 'digital-by-design' principle, paving the way for a new way of working, and the work on creating this 'digital by design' platform is also moving in parallel. Such a platform or portal will be created in-house by the likes of NIC and DIC. The Parliament had passed the DPDP Act in August last year. The key piece of legislation aims to protect th

Cyber attack hits Pakistani UN Mission; email, YouTube channel breached

Pakistan's Permanent Mission to the UN was targeted by a cyber attack, infiltrating its official email account and the YouTube channel, a media report said on Saturday. The cyber attack occurred on Friday, at 4 pm US time, The Express Tribune newspaper reported. The breach targeted the email ID used by the Permanent Mission's information wing, the report said. The mission's YouTube channel was also compromised, and the attackers altered its name, banners, and content, the report said, quoting sources. The Pakistani UN mission requested all emails and videos put on its channels be ignored until they regain control of their accounts. No group/entity has taken responsibility for the cyber attack.

Cyberattack targeted brands, celebrity accounts including CNN, says TikTok

TikTok said that the number of accounts compromised is "very small" and it is working with affected account owners to restore access if needed

Bank frauds rise 166% in FY24 to over 36,000 cases, shows RBI annual report

RBI annual report: Amount involved in bank frauds decreased 46.7% in FY24 to Rs 13,930 cr

Man suspected of operating 'world's largest ever' cybercrime botnet held

An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade, amassing at least USD 99 million in profits by reselling access to criminals who used it for identity theft, child exploitation, and financial fraud, including pandemic relief scams. The US Department of Justice quoted FBI Director Christopher Wray as saying on Wednesday that the 911 S5 botnet a network of malware-infected computers in nearly 200 countries was likely the world's largest. Justice said in a news release that Yunhe Wang, 35, was arrested May 24. Wang was arrested in Singapore, and search warrants were executed there and in Thailand, the FBI's deputy assistant director for cyber operations, Brett Leatherman, said in a LinkedIn post. Authorities also seized USD 29 million in cryptocurrency, Leatherman said. Cybercriminals used Wang's network of zombie residential computers to steal billions of dollars from financial ...

US sanctions 3 Chinese, 3 Thai entities over Covid related cyber fraud

The botnet enabled users to commit widespread cyber-enabled fraud using compromised victim computers that were associated to residential IP addresses

Here is how much Indians lost to cyber frauds between Jan and Apr of 2024

Most victims fell prey to online investment fraud, gaming apps, algorithm manipulations, illegal lending apps, sextortion, and OTP scams. Here is how much they lost

What is 'digital house arrest'? Find out how to avoid this new scam

Digital house arrest - a new form of cybercrime - involves trapping victims in their homes to defraud them where criminals create fear by making audio or video calls, impersonating law enforcement off