Page 5 - Online Frauds

September 1 deadline: Trai asks top regulators to apply whitelist norms

The telecom regulator directs RBI, SEBI, Home Ministry and others to register the content of text messages

ED arrests 4 in Chinese-linked online betting app fraud worth Rs 400 cr

Four persons have been arrested in connection with a Rs 400 crore "fraud" online betting and gaming app allegedly linked to some Chinese nationals, the Enforcement Directorate (ED) said on Friday. Arun Sahu, Alok Sahu, Chetan Prakash and Joseph Stalin were taken into custody under the provisions of Prevention of Money Laundering Act (PMLA) in the case related to the app named 'Fiewin', the federal probe agency said in a statement. The money laundering case stems from an FIR filed at the Cossipore police station in Kolkata against some unknown persons for "cheating" and "conspiracy" with a number of online gamers through the app. "An amount of Rs 400 crore was generated from the Fiewin app fraud and thereafter was credited into eight Binance (global crypto exchange) wallets in the name of Chinese nationals. These wallets were operated from the Chinese mainland as revealed by the access IP logs. "The Chinese nationals communicated with and instructed the four accused persons through

Elon Musk stirs UK divisions, urges faster rollout of online safety laws

An Online Safety Bill was passed into law in October but has yet to be implemented

Mushrooming mule accounts fuel rise in financial frauds, says official

This represents a more than 10 fold increase over the four year period, underscoring the growing sophistication of fraudsters and exposing vulnerabilities within the financial system

1 in 2 Indians reject bank, credit card applications over complex ID checks

Identity checks are on the rise but two in five Indians will stop or reduce the use of existing accounts if the identity verification experience is poor

Beware of fraudulent govt emails: Home ministry issues public warning

Ministry of Home Affairs' Indian Cyber Crime Coordination Centre (I4C) issues a public notice advising citizens to verify e-notices they receive via email

Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers

Caller identification app Truecaller on Thursday said it has collaborated with general insurance company HDFC ERGO for an offering that aims to safeguard subscribers against digital communication frauds in India. Truecaller in a release said that amid rising cases of cyber fraud, the insurance offering underscores its commitment to combating fraud and ensuring user protection through advanced app features - before, during and after mobile communication. A recent report by the Indian Cyber Crime Coordination Centre revealed that digital financial frauds accounted for a staggering Rs 1.25 lakh crore over the last three years, the release noted. Announcing the collaboration with HDFC ERGO to offer this insurance for its subscribers, the release said the product will provide coverage up to Rs 10,000 to Android and iOS users across India. "The product is available to yearly premium subscribers of Truecaller and all existing customers can avail this protection for free under their existi

Number of frauds in banking sector on the rise, but amount declines

89.2 per cent of the frauds reported in 2023-24 by value occurred in previous financial years

Stay scam-free: This series of phone numbers will help you spot fraud calls

The Department of Telecom has designated the prefix '160' for 10-digit numbers, which will be utilised by govt agencies, regulatory bodies, and financial institutions to communicate with the public

Beware of stock investment-related calls from these two numbers, warns NSE

The NSE warned the investors against sharing their login credentials with any person claiming to be a member of any registered entity of the exchange

Southeast Asian nations account for half of financial frauds in India: MHA

Cambodia, Thailand, Myanmar emerge as the new global hotspots of online frauds

Mumbai women lose Rs 53 lakh to 'task fraud': Latest scam decoded

In a 'task scam', fraudsters pose as representatives of reputable companies, offering seemingly easy remote work opportunities

Woman loses Rs 23 lakh in online stock market scam: How to protect yourself

Mohammad Daud targeted a 32-year-old woman with a website on social media that promised high profits from stock market trading

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

Scammer gives online security advice to man on WhatsApp; Paytm MD reacts

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs

Govt warns against fake banking app targeting Union Bank account holders

'Union-Rewards.apk', pretending to be the legitimate app of Union Bank, lures account holders with promises of rewards

India ranks number 10 in cybercrime, Russia tops list followed by Ukraine

India ranked number 10 in cybercrime, with frauds involving people to make advance fee payment being the most common type, according to a new research that surveyed cybercrime experts around the world. An international team of researchers has compiled the 'World Cybercrime Index' that ranks roughly 100 countries and identifies key hotspots according to various categories of cybercrime, including ransomware, credit card theft and scams. Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania. North Korea was at the seventh position, while the UK and Brazil were at the eighth and ninth positions, respectively, according to the research published in the journal PLoS ONE. Through the survey, the researchers asked the experts to consider major types of crime in the virtual world and nominate countries that they thought contributed significantly to each of them. The major categories that the researchers identified were - technical products and services suc

A 43-year-old woman loses Rs 86000 while trying to book IPL match tickets

A Bengaluru woman got scammed when she tried to book an online IPL match ticket. She lost Rs 86000 in the process and registered her complaint to the police

Handling complaints costs RBI Rs 144 cr: Here's state-wise breakdown

The total cost of handling complaints across ORBIO's offices in India, including those in Ahmedabad and Raipur, amounted to Rs 143.56 crore

Combating online frauds: All you need to know about 'Chakshu' and 'DIP'

Minister Ashwini Vaishnaw introduced two new initiatives, Digital Intelligence Platform and Chakshu, as measures to tackle cybercrimes