Industrialist Pawan Ruia has been arrested by the West Bengal Police in connection with a multi-crore fraud case involving shell companies and cryptocurrency-based money laundering.
Telangana police have dismantled a large network operating illegal mule bank accounts used for fraudulent financial transactions, arresting 13 suspects and uncovering transactions worth approximately Rs 138 crore.
The Bombay High Court has denied bail to a man accused of trafficking educated youth on the pretext of providing them jobs abroad, only to coerce them to carry out cyber fraud activities.
Police in Gadag, Karnataka, have arrested five men for allegedly luring students with false promises of scholarships to open bank accounts for illegal transactions.
The CBI has arrested an Indian national accused of trafficking citizens to cyber scam compounds in Myanmar, where they were forced to participate in cyber fraud.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
Kerala Police have issued a warning about a new cyber fraud where scammers are using the image of Chief Minister Pinarayi Vijayan in fake social media advertisements to trick people into making online payments through PhonePe.
Arunachal Pradesh Police have arrested a man from Assam for allegedly defrauding a woman by posing as a retailer offering iron rods at unusually low prices online. The police urge the public to be cautious of online scams and report them immediately.
Police in Navi Mumbai have dismantled a fraudulent call centre accused of swindling individuals out of over Rs 1 crore by falsely promising high returns on share market investments. Two individuals have been arrested, and investigations are ongoing.
To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, banks are now coming up with awareness campaigns aimed at preventing customers from falling into the trap of fraudsters.
Delhi Police arrested a 30-year-old cyber fraudster from Jharkhand for allegedly duping a Delhi resident of Rs 6 lakh under the guise of KYC verification. The accused, Bimal Rabidas, confessed to the crime and was found to be involved in similar cases across multiple states.
An 81-year-old businessman in Belagavi, Karnataka, was allegedly defrauded of over Rs 15 crore in a 'digital arrest' scam. Fraudsters posing as CBI officials accused him of financial crimes and coerced him into transferring funds to a 'safe account'.
The Maharashtra government has taken steps to combat the rise in investment-related cybercrimes, including arrests, enhanced cybersecurity measures, and public awareness campaigns.
Delhi Police have busted a cyber fraud syndicate involved in duping people through fake stock investments, leading to the arrest of a 24-year-old student.
A Kerala MLA, K Shantakumari, was targeted by cyber fraudsters claiming a connection to a bomb blast case and using her identity. The MLA reported the incident to the cyber cell after her son identified inconsistencies in the video call.
The victim, who had a keen interest in stock market investments, was lured by fraudsters with promises of hefty returns on investments in stocks.
Odisha Police have arrested a man from West Bengal for his alleged involvement in an online investment fraud case involving Rs 12.33 crore.
The CBI has conducted searches across multiple states in connection with a large-scale online financial fraud involving the overseas fintech platform 'Pyypl'.
The Supreme Court has directed the government to raise awareness, compensate, and protect vulnerable individuals who have lost money in cyber scams. The court's remarks came while granting bail to an accused in a cybercrime case, emphasizing the need for public education and cybersecurity awareness.
Kolkata Police have dismantled a cyber fraud network operating illegal 'SIM box devices' to impersonate law enforcement officials, leading to the arrest of two individuals and the recovery of crucial equipment.
Cyber fraudsters have duped Delhi residents of nearly Rs 1,000 crore so far this year, with investment scams, digital arrests and boss scams emerging as the most common cybercrimes.
Cyber criminals impersonated a company owner to defraud an accountant of a substantial sum in Hyderabad.
India has experienced a significant increase in cybersecurity incidents since 2021, with Delhi reporting the highest number of cases. The government is taking steps to address these threats through various initiatives and platforms.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with an alleged fraud of Rs 71.6 lakh. The company claims the FIR is false and a conspiracy against them.
A fraudulent website impersonating the Mangaluru city police was used to deceive individuals into online gambling schemes, prompting a police investigation and public warnings.
An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked in New Delhi on Thursday, officials said.
Interpol's latest report reveals a significant surge in global financial fraud, driven by the increasing use of artificial intelligence by scamsters, resulting in losses of over USD 442 billion in 2025.
Since its launch in April, helpline 155260 has been able to prevent more than Rs 18.5 million of defrauded money from reaching the hands of fraudsters.
A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.
The Supreme Court has expressed serious concerns about the rise in digital fraud, particularly digital arrest scams, and has directed the central government to develop a standard operating procedure to combat these crimes.
A 42-year-old insurance consultant from Mumbra, Thane, was allegedly defrauded of over 71 lakh by cyber criminals through a cryptocurrency investment scheme.
It said that when a retiree, who withdraws amounts in the range of Rs 10,000 or Rs 20,000, suddenly withdraws huge amounts, then the bank should issue an alert.
Customers will qualify for compensation even if they mistakenly share the OTP.
Delhi Police arrested a 22-year-old woman for allegedly providing mule bank accounts to an interstate cybercrime network, recovering numerous ATM cards, cheque books, and electronic devices.
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.
Only bona fide victims would be compensated by banks within five days of receiving the complaint.
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.
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.
Telecom operator Bharti Airtel's CEO has warned customers about rising cases of cyber-frauds, citing a recent instance of a fraudster who posed as company executive and under the guise of updating KYC form, tricked a user into revealing bank details to transfer large amount from the bank account. In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming "alarmingly frequent". Vittal spoke of a recent case where a cyber-fraudster posing as company executive called up an Airtel customer on the pretext of updating his Know Your Customer (KYC) form, tricked him into revealing his bank details and transferred a large sum of money from his bank account.
Cyber threats aren't always invisible -- sometimes they're right beside you.
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