Online Fraud

Myanmar detains over 10K foreigners in online scam centre crackdown

Last month, the US sanctioned several companies in Shwe Kokko, a major scam hub it said is controlled by an ethnic armed group allied with the junta

Digital arrests: Inside India's biggest scam and how to tackle it

Damage caused by the rise of the digital-arrest con, which has found fertile ground amid the country's soaring youth unemployment, endemic corruption and glaring wealth inequality, runs deep and wide

EU questions Apple, Google and Microsoft on steps to curb financial scams

The EU is increasing its regulatory scrutiny of major US technology companies via the Digital Services Act

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

'I was crying, begging': Influencer Ankush Bahuguna on 40-hr digital arrest

The scammers forced Bahuguna to switch off all electronic devices, forbade him from communicating with anyone, and coerced him into making multiple financial transactions

Year-ender 2024: AI graduates from buzzword to go-to industry application

The year 2024 brought innovations in AI applications, from healthcare to fighting online fraud, and more. However, this election year also raised concerns about AI biases and deepfakes

Fake CEOs swindle Rs 7 crore from Delhi firms: Modus operandi explained

CEO frauds or BEC scams have become a global threat, with fraudsters impersonating executives to steal billions

Crores lost to 'digital arrest' scam: Here's how to avoid falling victim

A 90-year-old Gujarat man lost Rs 1 crore to fraudsters posing as CBI officers. Here's how you can protect yourself

Trapped in a digital scam? 5 ways to protect yourself this festive season

As digital payment fraud increases, especially during the festive shopping season, Visa shares tips to help consumers stay safe during this high-risk period

Citi pushes back on NY's online fraud lawsuit, says we're not 'bad guys'

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

New India Post scam targets citizens; what is it and how to be safe?

Victims first receive an SMS, supposedly from India Post, about undeliverable parcels due to incorrect addresses, with a link to update details. Soon after, a scammer calls, urging quick action

200 foreigners, mostly Indians, held for cyber financial scams in Sri Lanka

Sri Lankan police have arrested at least 200 foreigners, the majority of them Indians, for allegedly engaging in online financial scams, a media report said on Saturday. The Criminal Investigations Department also found that funds obtained through such frauds have been deposited in bank accounts in the UK, Dubai and India. News portal NewsFirst.lk quoted officials from the Criminal Investigation Department who said that there were Chinese, Bangladeshi, Pakistani and Nepali nationals among those arrested but a majority of them were Indian nationals. About 400 computers used by the suspects are being subject to investigation. Earlier on Friday, police spokesman SSP Nihal Thalduwa said some 60 Indians were arrested on Thursday from the Colombo suburbs of Madiwela and Battaramulla and the western coastal town of Negombo. The CID had conducted simultaneous raids in these areas leading to the seizure of 135 mobile phones and 57 laptops. The crackdown was the result of a complaint from

137 Indians arrested in Sri Lanka for cyber scam; 158 mobile phones seized

At least 60 Indian nationals part of a group engaged in online financial scams have been arrested by Sri Lanka's Criminal Investigations Department. They were arrested on Thursday from the Colombo suburbs of Madiwela and Battaramulla and from the western coastal town of Negombo. According to Police Spokesman SSP Nihal Thalduwa, the CID conducted simultaneous raids in these mentioned areas, leading to the seizure of 135 mobile phones and 57 laptops. The crackdown follows a complaint from a victim who was lured into a WhatsApp group promising cash for social media interactions. Further investigation revealed a scheme where victims were coerced into making deposits after initial payments. In Peradeniya, a father-son duo admitted to aiding the fraudsters, Daily Mirror Lanka newspaper reported. Key evidence uncovered during a luxury house raid in Negombo led to the initial arrest of 13 suspects and the seizure of 57 phones and computers. Subsequent operations in Negombo yielded 19 ...

Technology to financial services: Cyber frauds hurt organisations

One reason for cyber frauds is limited investments in governance protocols

Canara Bank's official X account 'compromised', investigation underway

Bank advised users not to post anything on its X page. The bank page has 0.25 million followers

47% Indians faced financial fraud in 3 yrs; credit card, OTP scams top list

Over half of the respondents reported unauthorised charges on their credit cards by both domestic and international merchants

Retired banker scammed of Rs 88 lakh: Instagram users, beware these signs!

Scammers often target individuals to trick them into giving away money or sensitive information

New tool against online fraud: Alerts for UPI, card, and net banking

Feature involves sending an immediate alert to the account holder before allowing any unusual or suspicious transaction initiated through their bank account

Pig butchering scam: How greed, loneliness, ignorance can make you a victim

"Pig butchering," a term that refers to the practice of fattening a hog before slaughter, originated in China and went global during the pandemic

Every Rs 1,000 lost to fraud in India costs firms Rs 4,000: LexisNexis

Fraud has increased for 54% of Indian organisations year-on-year, according to LexisNexis True Cost of Fraud Study - Asia Pacific