Page 4 - Online Frauds

Govt recommends prosecution in online job scams, urges website blocks

External Affairs Minister S Jaishankar told the Lok Sabha on Friday that his ministry has requested for blocking certain websites offering fraudulent jobs abroad and also recommended for the prosecution of those involved in such scams. Responding to supplementaries, Jaishankar said the government has brought back 1,167 Indians from Cambodia and another 497 from Myanmar, who were taken there on the pretext of getting them jobs. He said people are made to work illegally by those running such online scams. "In India, we have requested for the blocking of sites which promote such jobs. We have recommended prosecution in certain cases for people who have been involved in this," the minister said during the Question Hour. He said a "different set of problems" have been raised for West Asia, the Gulf and the Middle East, "where we have a situation" of under-payment or non-payment of wages and maltreatment of Indian professionals and workers. Jaishankar asserted that the Indian embassies

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

Govt blocks 1,700 Skype, 59K Whatsapp IDs used in 'digital arrest' fraud

The Indian Cyber Crime Coordination Centre (I4C), a wing of the Ministry of Home Affairs, has identified and blocked more than 1,700 Skype IDs and 59,000 WhatsApp accounts used for digital fraud, Lok Sabha was informed on Tuesday. Union Minister of State for Home Affairs Bandi Sanjay Kumar also stated that the Citizen Financial Cyber Fraud Reporting and Management System,' launched under I4C in 2021, enables immediate reporting of financial frauds to prevent the siphoning off of funds by fraudsters and so far, over Rs 3,431 crore has been saved in more than 9.94 lakh complaints. "The I4C has pro-actively identified and blocked more than 1,700 Skype IDs and 59,000 WhatsApp accounts used for digital fraud, Kumar said in response to a written question. As of November 15, 2024, more than 6.69 lakh SIM cards and 1.32 lakh IMEIs, as reported by police authorities, have been blocked by the government. The minister further explained that to strengthen the mechanism for addressing cyber ...

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

Link UPI app to bank account having limited funds; set daily limits

Fraudsters also place fake QR codes over legitimate ones-on parking meters, donation boxes, etc. When users scan them, the payment goes to fraudsters' accounts

This wedding season, don't fall for fake invites scam. Tips to stay safe

Scammers are exploiting the wedding season by distributing fake wedding card PDF files via WhatsApp and when the recipients open these documents, malware is downloaded onto their devices

Bengaluru man nabbed: ED busts Rs 10 cr scam involving fake PANs, tax fraud

Using Aadhar and PAN data from property records, he forged documents to open bank accounts in the names of his targets, specifically choosing banks with lax KYC requirements.

RBI cautions on deepfake videos of governor giving financial advice

"These videos attempt to advise people to invest their money in such schemes using technological tools," the central bank said in a statement

Most employees say candidates are partly to blame for job scams: Report

Over 75 per cent of respondents feel that candidates are partly responsible for falling prey to scams due to their failure to verify company's credentials before making payments or sharing sensitive personal information, a report said on Saturday. A substantial 75 per cent of surveyed employees indicated that many job seekers fail to exercise the necessary caution when engaging with potential frauds posing as employers or recruiters, the report by workforce staffing and HR services provider Genius Consultants said. The report by Genius Consultants is based on a survey of 1,427 employees across sectors including FMCG, Technology, Manufacturing, Telecom, E-Commerce, Logistics, Real Estate, and BFSI (Banking, Financial Services, and Insurance). Further, the report revealed that while 28 per cent of respondents believed that there have been serious steps taken by the government or regulatory bodies to curb such frauds, a significant 55 per cent disagreed saying there has been inadequate

At the BS BFSI Summit, experts stress KYC, and tech to curb digital fraud

Business Standard BFSI Insight Summit 2024: Industry leaders discuss KYC, anti-fraud tech, and user education as essential defences against rising digital financial crime

BS BFSI Summit: Banking experts emphasise customer vigilance on cyber fraud

Banking industry leaders highlight growing cybersecurity challenges and customer education efforts while speaking with Manojit Saha at Business Standard BFSI Insight Summit

Gift card scam hits Bengaluru engineer, ends ups losing Rs 4.5 lakh

The scam began with a message sent to the engineer ahead of Diwali, apparently from his boss, asking him to complete a quick assignment

Indians lose over Rs 120 cr in digital arrest frauds; PM Modi cautions risk

The National Cybercrime Reporting Portal (NCRP) recorded 0.74 million digital arrest fraud complaints between January 1 and April 30 this year, following 1.5 million complaints logged in 2023

Centre launches system to block international spoofed calls, curb fraud

The Indian government has launched a new system to block international calls disguised as local numbers, aiming to protect citizens from financial scams and cybercrime

Vendor in Somalia, account in Dubai: ISA traces cybercrime incidents

ISA has filed a police complaint and issued show cause notice to a section of its staff suspected to be involved in the incident

Centre issues notification for CBI probe into Assam online trading scam

The Centre has asked the Central Bureau of Investigation (CBI) to probe 41 cases linked to a multi-crore online trading scam in Assam. A notification in this connection was issued by the Ministry of Personnel, Public Grievances and Pensions on Friday and shared by the Chief Minister's Office (CMO) on 'X' on Saturday. It states, "the powers and jurisdiction of the members of the Delhi Special Police Establishment has been extended throughout the state of Assam for the investigation of offences under relevant sections of IPC/BNS and other Acts as mentioned in the FIRs and any other law related to the 41 police cases, which are registered at various police stations in Assam concerning unregulated deposits involving fraudulent transactions and trading of large sums of money'. The CMO also noted that the state government, under Chief Minister Himanta Biswa Sarma, has assured full cooperation to the CBI for a swift probe into these cases. The scam came to light in the last week of August

Star Health breach: Beware, your Aadhaar, PAN, password leak risk fraud

The Star Health Insurance breach is just one in a series of recent data breaches affecting millions of people in India

Online gaming scams: Small bets win, big bets lose - how they work

With the rise in sports betting apps, scammers have found new ways to target unsuspecting bettors

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

Hackers using fake trading apps to lure victims in 'pig butchering' scam

Using a series of fraudulent trading apps, which were available for download on both the Google Play Store and Apple's App Store, hackers have duped thousands of people