Page 7 - Online Frauds

Kolkata police issues warning about WhatsApp hacking, says not to share OTP

Kolkata police issued a warning against fraudsters, who are hacking users' Facebook profiles and connecting with the people in their friend lists through Messenger and asking for money

Maharashtra man wins Rs 5 crore, then loses Rs 58 crore in online gambling

A Maharashtra businessman lost Rs 58 crore in an online fraud. Police filed the complaint and started an investigation and seized Rs 14 crore cash along with four kg of gold biscuits from the accused

RBI to banks: Report all digital frauds not just those above Rs 1 lakh

The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks

Odisha EOW detects 'rarest' QR code scam of Rs 14 cr, hints at Chinese link

The complainant had alleged that they had entered into Technology integration agreements with the Directors of Noida-based Company Payone Digital Services Pvt Ltd during April-May 2023

Kerala woman duped of Rs 7.74 lakh via Telegram for work-from-home job

Falling into the trap, the victim believed the scamster was a representative from a genuine organisation with an actual job offer

Work-from-home scams rising in India; here's all you must know about them

Work-from-home scams have become increasingly common in India, with people falling prey to fraudulent schemes that promise easy money

53-year-old Mumbai man sells flat for Rs 1.3 cr, loses all to cyber fraud

The police found money was transferred to eight bank accounts in West Bengal and Uttar Pradesh

Online banking frauds see huge rise in Delhi post Covid-19 lockdown

The Delhi Police received 5,294 complaints related to debit-credit card and SIM swap frauds in 2022 against 2,483 in 2021

Pan-India online cheating gang busted, dubious loan app scam exposed

With arrest of six persons, the Police has busted a gang of online cheats who had duped over 1,900 people on pretext of loans through app 'Cash Advance', a senior official said on Monday

Card and internet fraud cases up 257% since Covid-19 pandemic began

There was a 289% jump in the amount defrauded through these modes, while the amount swindled through cash frauds increased 182%

Gurugram techie loses Rs 42 lakh in 'like YouTube videos' WhatsApp scam

The cybercrime division filed an FIR against the unknown fraudsters under relevant sections of the Indian Penal Code (IPC) and the Information Technology (IT) Act

57% of all fraud incidents in India are 'platform' frauds: PwC India

Over 26 per cent of Indian organisations have lost over $1 million till now due to platform fraud, according to a report released by PwC India

Here's how banks are coping with surge in cyber attacks, phishing, fraud

An RBI report on financial stability highlighted that the overall number of online banking frauds and card frauds increased from 1,532 in H1FY22 to 2,321 in H1FY23

39% Indian families claim to be victim of online financial fraud: Report

Around 39 per cent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 per cent of them got their funds back, LocalCircles said in a report on Tuesday. The largest group of 23 per cent respondents in the survey indicated to have experienced credit or debit card fraud while 13 per cent indicated fraud by buying, selling and classified site users. As per the survey, 13 per cent were defrauded by websites taking money for products that were not delivered, 10 per cent indicated ATM card fraud, another 10 per cent indicated bank account fraud and 16 per cent mentioned other frauds. "The data shows 30 per cent of those surveyed had one member in the family who had been a victim of financial fraud while 9 per cent indicated that multiple members in their family have been subject to financial fraud in the last three years. Of the remaining 57 per cent were thankful they or their family members had escaped such an experience and 4 per cent

Indian gets jail-term, ordered to pay $2.4 mn for defrauding elderly in US

The victims were also falsely promised that once they sent the money, the sting operation would result in the arrest of the purported perpetrators

Rising online frauds: Gurugram woman loses Rs 76 lakh in movie review scam

Citizens have been getting duped on the pretext of reviewing content and earning quick money

Indian-origin engineer at FTX, Nishad Singh, pleads guilty to fraud charges

Nishad Singh, a 27-year-old Indian-origin former top executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange. Singh was the former co-lead engineer of FTX Trading Ltd. He has pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws. Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX's sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried. In December last year, federal authorities charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX. The Securities and Exchange Commission charged Singh on Tuesday. In a parallel action, the

Chinese fraudsters out to defraud Indians using fake loan applications

The thing is that high-tech Chinese cyber criminals have devised a new strategy to dupe people and are defrauding Indians via fake loan applications

ICC falls prey to online scam, loses close to $2.5 million: Report

The ICC has allegedly lost close to USD 2.5 million after becoming a victim of cyber crime, according to a report. The incident of phishing, which originated in the USA, took place last year, ESPNCricinfo reported. "The route used by fraudsters to commit the financial scam was Business E-mail Compromise (BEC), also known as e-mail account compromise, which the Federal Bureau of Investigation (FBI) describes as 'one of the most financially damaging online crimes'," the report stated. An investigation is underway as the ICC, which is not commenting on the matter, reported the incident to law enforcement agency in the US. How the scam took place is not yet known. "It is not yet known what route exactly the fraudsters took to get the money transferred from the ICC account - whether they had got in touch directly with someone at the head office in Dubai, or had targeted an ICC vendor or consultant. "It is also not confirmed whether the transaction was done in one single payment or the

Cyber crime cases in Mumbai rise by more than 63% in 2022: Report

As far as detection is concerned for the 2019-2022 period, 1,292 cases were solved, including 346 in 2022, out of the 12,261 registered cases, the report said