Not a single Indian insurance company offers a comprehensive anti-cybercrime policy for the corporate sector. In India there are few takers for cybercrime insurance primarily because of the high cost vis-a-vis their exposure. These policies are of a high value and, on request from a few brokers, are customised for banks. Cybercrime policies in the US cover e-theft, denial or impairment of e-service, e-communication, e-vandalism, e-threat and fraudulent e-signatures.
India is fast emerging as a major hub of cybercrime as recession is driving computer-literate criminals to electronic scams, claimed a study by researchers at the University of Brighton.
A new cyber fraud known as 'pig butchering scam' or 'investment scam' has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
8,121 people were arrested in 2015 for cybercrimes, a 41% increase from 2014.
In FY24 alone, 1.34 million fraud cases were reported, amounting to losses of Rs 1,087 crore.
It will tackle crimes, including those associated with malware, botnets, intellectual property theft and technology facilitated child exploitation.
The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.
Link your UPI app to a separate bank account or wallet that has only a limited sum.
The Indian Embassy in Thailand, in coordination with its counterpart in Yangon, Myanmar, has repatriated 549 Indians after rescuing them from scam centers operating near the Myanmar-Thailand border. The nationals were lured with fake job offers and forced to work in scam centers. The Indian Embassy has advised citizens to verify credentials of foreign employers and check the antecedents of recruiting agents before accepting job offers.
Everything is over the top -- the style, the violence, the action. So nothing else matters, not gravity, bullets, or the presence of stalwarts like Naseeruddin Shah, observes Mayur Sanap.
In India, approximately 2.9 crore (29 million) people fell victim to cybercrimes and cumulatively suffered a loss of $7.6 billion (approx Rs 34,200 crore) in 2010, a report by Norton has said.
As the world shrinks, international cybercrime is growing in scope and sophistication.
'The hacker replaced original emails and planted fraudulent emails with a request letter and invoices to be paid to fraudulent bank accounts.'
Khushi fares better in emotional scenes but her chemistry with Junaid has the passion of a toothpaste campaign, observes Sukanya Verma.
Cybercrime ranks as one of the top four economic crimes.
Sample this. Five cyber-thieves, allegedly part of a network that hacked into the account of a Noida businessman, were nabbed today for a Rs 1.66 crore (Rs 16.6-million) cyber hack. They used Internet banking to transfer the money from the businessman's account with the Punjab National Bank's Noida branch to their own account.
Dark, disturbing and full of gore, Fateh is gung-ho in its efforts to make this stylised action yarn as brutal as possible, observes Mayur Sanap.
The advisory depicted the logos of social media platforms like WhatsApp and Skype to showcase that calls for such scams are made using such platforms.
Cruelty by husband or his relatives accounted for 38.3 per cent of all crimes against women.
In 2025, India's tech job market is thriving, with tech professionals seeing a 9.5% salary increase and roles like AI/ML architects earning up to Rs 95 lakh annually.
'You don't need massive industry or huge energy resources.' 'You could start with just 3 or 4 people in a coffee shop and invent the world.'
President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
A day after a goof-up over serving snacks to Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu snowballed into a major controversy necessitating a CID probe, state Bharatiya Janata Party chief Satpal Satti on Friday claimed the Congress government has become a 'laughing stock' for ordering an 'inquiry into samosas'.
In his complaint, the victim alleged that on September 12, he received a video call from a person claiming to be from the Telecom Regulatory Authority of India, who told him that his mobile number will be blocked.
The fundamental responsibility for preventing such crimes and for bringing the criminals to justice rests with the State, and it cannot abdicate that function.
Bharatiya Janata Party MP Tejasvi Surya and editors of some Kannada news portals have been booked for allegedly spreading fake news linking a farmer's suicide to land disputes with Waqf Board, police said on Friday.
Regularly monitor your account for any suspicious activity. Keep your devices updated with the latest security patches to prevent vulnerabilities. Ensure the physical wallet you use is stored securely to avoid loss or theft.
'A mule operates someone else's account to transfer illegal money.'
The ministry of home affairs (MHA) has sent a high-level team to Ayodhya to deal with cyber threats ahead of the inauguration of the Ram Temple in the historical town on January 22.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) have intensified their investigations against Gaurav Mehta, a suspect in a Bitcoin Ponzi scam, following allegations that politicians may have been involved in using cryptocurrency to influence Maharashtra assembly polls. The ED searched Mehta's residence in Raipur and seized computers and digital devices. The CBI summoned him to appear before investigators. The ED is probing Mehta's potential links to politicians, politically exposed persons, and bureaucrats as part of its money laundering probe. The allegations came after BJP released purported voice notes suggesting that Congress and NCP leaders were attempting to use cryptocurrency for election campaigning. Both parties denied the claims, calling the voice notes fake.
The average cost of data breaches in India reached $2.18 million in 2023, marking a 28 per cent increase since 2020, according to the Reserve Bank of India's (RBI) Currency and Finance report for 2023-24. The report said that India's average data breach cost was still below the global average. The most common attacks in India are phishing which was at 22 per cent and stolen or compromised credentials was 16 per cent. The automotive industry is highly vulnerable to cyber attacks, whereas the banking and financial services sector, benefiting from stringent regulations, enjoys comparatively stronger protection.
The directions follow a report by the Indian Cyber Crime Coordination Centre, which has seen a new pattern of transnational cyber-enabled financial fraud and investment scam, impersonating as stockbrokers and company executives.
'We have filed a complaint with the police authorities.'
Scammers sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions.
Operating systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols
Users should be aware of "fake emails" sent in the garb of a government e-notice, said the Indian Cyber Crime Coordination Centre (I4C) in a public advertisement.
