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.
'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.'
Cybercrime ranks as one of the top four economic crimes.
Cruelty by husband or his relatives accounted for 38.3 per cent of all crimes against women.
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.
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.
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'.
The fundamental responsibility for preventing such crimes and for bringing the criminals to justice rests with the State, and it cannot abdicate that function.
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.
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.
'We have filed a complaint with the police authorities.'
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.
Scammers sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions.
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.
'So, we would work with our members to ensure that we as an SRO create some sort of due diligence for fintechs.'
Digital house arrest is a tactic where cybercriminals confine victims to their homes in order to scam them. The offenders generate fear by making audio or video calls, frequently posing as law enforcement officers using AI-generated voices or video technology.
These "cyber commandos" will be different from personnel at cyber police stations and will work with local administration to tackle cyber threats.
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
The recent terror acts are a sign of our enemy's desperation, he said, in an apparent reference to Pakistan.
Operating systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols
Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
According to the EY Global Information Security survey, companies are lacking agility, budget and skills to mitigate known vulnerabilities
The key threats seen during this period ranged from phishing attacks to rogue apps disguised as COVID-19 information apps that targeted users sensitive data.
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
A woman lawyer in Bengaluru fell prey to cyber criminals and during 'video arrest' for two days she not only lost money to the tune of Rs 14.57 lakh but also posed nude on camera for them, police sources said on Tuesday.
According to sources, the attack on the servers of AIIMS-Delhi is suspected to have originated from locations in China and Hong Kong.
'Avoid rushing into any financial transactions or disclosing personal information.'
The attack on the computer server of All India Institute of Medical Sciences (AIIMS) in Delhi was carried out by Chinese hackers, a senior government source said on Wednesday adding that data in the five servers have been successfully retrieved now.
Former Central Bureau of Investigation joint director Amit Kumar, who is now posted as Chhattisgarh police ADG, led the probe into the coal scam that resulted in convictions in a number of cases.
Amid a rise in Omicron cases, the Ministry of Home Affairs (MHA) has issued an advisory against cybercriminals targeting potential victims by offering them free tests for detecting Omicron variant of COVID-19.
Man held for sending email threatening attack on Narendra Modi Stadium in Ahmedabad
If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.
The CBI has registered 11 cases against cyber criminals involved in financial fraud using the internet and the agency conducted searches at 87 locations while 28 locations were raided by the state police forces, they said.
Indian fintechs and associated entities are hoping that the Union Budget 2024 will provide a boost and empower firms to extend their reach beyond Tier-II regions, with an emphasis on supporting enterprises led by women. The fintech industry, which has witnessed regulatory reforms over the last year, expects the Budget, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, will further encourage financial inclusion, empower micro-small-medium enterprises (MSMEs) with lending solutions, and push for upskilling initiatives for the country's young workforce.
