A 42-year-old insurance consultant from Mumbra, Thane, was allegedly defrauded of over 71 lakh by cyber criminals through a cryptocurrency investment scheme.
The Reserve Bank of India (RBI) has proposed new measures to combat financial fraud in digital payments, including lagged credit for authorised push payments and a 'kill switch' for users to disable all digital transactions.
Only bona fide victims would be compensated by banks within five days of receiving the complaint.
Two individuals from Hyderabad have been arrested in connection with a 'digital arrest' scam in Belagavi, where an 81-year-old businessman was defrauded of over Rs 15 crore.
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
Delhi Police have arrested two individuals for allegedly defrauding a man of Rs 7 lakh through a fake stock investment scheme operated via a social media app. The accused lured victims with promises of high returns before siphoning off the funds.
Cyber intelligence firm CloudSEK reports that online fraudsters are using a new toolkit called 'Digital Lutera' to bypass security features of UPI apps and carry out fraudulent financial transactions.
The Uttar Pradesh Special Task Force (STF) has dismantled two significant fraud operations involving crores of rupees in fraudulent share market, cryptocurrency, and forex schemes, leading to multiple arrests and uncovering a vast network of deceit.
Customers will qualify for compensation even if they mistakenly share the OTP.
The agency also ran a parallel investigation into cyber-slavery and the organised digital exploitation networks in Southeast Asia, with slave compounds in Myanmar and neighbouring areas, that are emerging as incubators for the execution of such frauds.
'Just like oral hygiene, cyber hygiene must become a daily habit,' says Beena Vaheed, executive director, Bank of Baroda. 'It is not enough to rely only on banks, companies, or the government. Each of us must play our part.'
Cyber threats aren't always invisible -- sometimes they're right beside you.
The government on Tuesday summoned a top Meta executive after Prime Minister Narendra Modi's recent post addressing India's youth and promising stringent measures against paper leaks was briefly restricted by Facebook, and although the US-headquartered social media giant blamed it on a technical glitch and apologised, the IT Ministry found the explanation "inadequate".
Dungarpur Police have arrested three individuals involved in an organized gang allegedly siphoning money from life insurance policies using forged documents, with the fraud involving approximately Rs 58 lakh.
An 81-year-old businessman in Belagavi, Karnataka, was allegedly defrauded of over 15 crore in a 'digital arrest scam' after fraudsters posing as CBI officials accused him of financial crimes.
A 75-year-old doctor in Pune was defrauded of 12.31 crore in an online share trading scam after being coerced into making multiple investments by fraudsters.
Google has removed the messaging app Telegram from its Play Store in India, with Apple expected to follow, in compliance with a government order aimed at preventing paper leaks during the upcoming NEET-UG re-examination on June 21. The government has also directed Telegram to temporarily disable its message-editing feature until June 30.
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
Trinamool Congress MP Abhishek Banerjee's Kolkata residence was raided by police and central forces for over four hours in connection with a financial fraud case, targeting his close aide Sumit Roy, whose mobile phone was last traced to the property.
The Indian government has extended the deadline for implementing SIM-binding rules for mobile messaging apps like WhatsApp and Telegram to December 31, following requests from the industry. The Department of Telecom has also relaxed the mandatory six-hour log-out rule for web versions of these apps.
A 72-year-old retired nurse in Nagpur was cheated of Rs 90.65 lakh by cyber criminals who kept her under 'digital arrest' for several weeks, police said.
India's Ministry of Electronics and Information Technology (MeitY) has sought an explanation from WhatsApp regarding its username feature, citing concerns over potential cybercrime facilitation. Concurrently, the ministry is investigating reported data leak allegations involving Tata Electronics, a key supplier for Apple's iPhone components in India. MeitY is also exploring techno-legal solutions for VPNs to address challenges posed by unregistered providers operating from outside India.
Uttar Pradesh DGP Rajeev Krishna announced a conviction rate of over 93 per cent due to the state's 'zero tolerance' policy against crime. Authorities seized properties worth nearly Rs 788.38 crore linked to criminal activities.
Delhi Police have arrested two individuals from Rajasthan for allegedly defrauding a Delhi resident of over 21 lakh through a high-return online investment scam. The accused lured the victim with promises of lucrative returns and prepaid tasks.
Mumbai Police have arrested a man for allegedly defrauding a senior executive of over Rs 60 lakh under the guise of cryptocurrency investment.
Haryana State Vigilance and Anti-Corruption Bureau arrests 11 individuals, including bank employees and a government official, in connection with a fraud case involving IDFC First Bank and the illegal diversion of government funds.
Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday.
Delhi Police have arrested six individuals linked to interstate cybercrime syndicates involved in digital arrest, fake IPO, and trading scams, recovering millions of rupees.
Faridabad police have busted a fake call centre operating from Delhi and arrested six individuals involved in defrauding people by offering bogus bonuses on insurance policies.
The complainant in a Rs 71.6 lakh cheating case involving CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal has withdrawn his grievance after recovering his invested amount. The arrests were made following an FIR registered on March 16 at Mumbra police station against Gupta, Khandelwal and four others on charges of cheating, criminal breach of trust and fraud.
A school teacher in Ajmer was defrauded of Rs 3.66 lakh by cyber criminals who lured her with a fake online offer to buy a rare Rs 5 note for Rs 48 lakh.
Gujarat's Director General of Police, KLN Rao, has emphasised the importance of a proactive approach in combating cybercrime, focusing on technology, coordination, and public awareness.
Delhi Police have arrested a 26-year-old man for allegedly siphoning off Rs 1.48 lakh from his paralysed brother-in-law's bank accounts after gaining the family's trust as his caretaker.
The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.
A BJP leader in Nagpur has filed a police complaint after his WhatsApp account was hacked and used to solicit money from his contacts.
...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.
A Pune-based businessman has accused self-styled godman Ashok Kharat of defrauding him of Rs 6 crore (600,000) under the guise of helping him establish a logistics business abroad. This is the eighth case registered against Kharat, who is already in police custody on separate charges.
A police assistant sub-inspector and a middleman were arrested in Dungarpur district, Rajasthan for allegedly accepting a bribe of Rs 1 lakh.
A man has been arrested in Noida for allegedly defrauding people of approximately Rs 12 lakh by offering fake tour and travel packages through social media platforms.
Gujarat police arrest a woman allegedly involved in trafficking job aspirants to Myanmar and Thailand for cyber slavery. The accused lured people with promises of high-paying jobs and forced them to work for international cyber crime syndicates.
