Cyber Fraud

Indian entities are expected to lose Rs 20,000 crore due to cyber crimes this year, cyber security intelligence firm CloudSEK said in a report. The company claims to have done a detailed analysis of 200 companies across sectors, over 5,000 domain takedowns, data of about 16,000 brand abuse, official data from the Indian Cyber Crime Coordination Centre (I4C) documenting nationwide cybercrime patterns and financial impacts etc for artificial intelligence based projection. "The biggest revelation from our research is the sheer scale of financial losses of over Rs 20,000 crore due to cybercrime, of which Rs 9,000 crore is due to brand name abuse alone. The fact that brand abuse is implicated in nearly one-third of all cybercrime incidents and a staggering 70 per cent of high-value scams is a wake-up call for India," Pavan Karthick M, Threat Intelligence Researcher at CloudSEK said. Cybercrime complaints are expected to exceed 25 lakh, with 5 lakh explicitly mentioning brand ...

'Cyber corporation' in Navi Mumbai will work as the state's headquarters against cybercrime: Devendra Fadnavis

Criminals impersonate law enforcement officials to extort money, by putting a potential victim under digital arrest. To appear legitimate, cybercriminals spoof caller IDs and send fake legal document

New features to enable voting on resolutions, inheritance tracking

Fraudster lured senior citizen to click malicious link after giving the impression that he is calling on behalf of bank

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India has one of the largest cohorts of both Gen Z and senior citizens, both of whom are highly vulnerable to online risks such as cyber-bullying, sextortion, and financial fraud

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

Reportedly, some malicious apps on App Store and Play Store have been using Optical Character Recognition (OCR) technology to extract crypto wallet passwords from saved screenshots

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

Asks banks to suggest steps for enhancing ease of doing business

The Embassy expressed gratitude to Lao officials for their cooperation and has urged decisive action against the criminal syndicates operating in GTSEZ

The Enforcement Directorate Thursday said two Delhi-based "cyber criminals" siphoned off more than Rs 4,900 crore abroad by "misusing" special economic zone (SEZ) facilities. The two accused -- Punit Kumar alias Puneet Maheshwari alias John, a resident of Moti Nagar area, and Ashish Kakkar alias Pablo, a resident of Greater Kailash -- were arrested by the federal agency last year as part of this investigation. On January 17, ED in a statement said a provisional order was issued to attach nine residential flats in Delhi and a parcel of agricultural land in Rewari, Haryana, in the name of the two people and their families. The ED said it got on to the case after taking cognisance of multiple police FIRs registered across the country against people involved in crimes like online gaming fraud, multi-level marketing schemes and investment scams, including part-time job frauds, online shopping and fake loans disbursal frauds through mobile apps. These "scams" were perpetrated through ...

Chinese hackers are burrowing into the networks of major critical US infrastructure, including energy grids, water treatment plants and transportation networks

The Sanchar Saathi app is an extension of the Sanchar Saathi portal, launched by the government in May 2023

Weaponisation of biotechnology, sophisticated cyberattacks and the cost of investing in security are among challenges this year

India needs to repeat what it did for financial inclusion - launch a nationwide campaign -- to tackle cybercrime

Globally, manufacturing, construction and real estate, healthcare, tech and telecom, and financial services were the top affected sectors

Approximately Rs 9 crore was frozen in Delhi in connection with cyber frauds, with around Rs 2 crore released back to the victims in west district in 2024, an official said on Friday. "These efforts are part of an ongoing initiative to protect the public from cyber criminals, who exploit digital platforms for fraudulent activities," Deputy Commissioner of Police (West) Vichitra Veer said. The officer further said the West district cyber police station has been operational since December 2021, securing victims' funds. Sharing details, the DCP said in 2024, the cyber police station resolved around 8,000 complaints. "During the entire year, 93 individuals were arrested or apprehended, with 22 from earlier cases and 71 from new incidents registered in 2024 alone," said the DCP. He said one of the key highlights of the year was the freezing of Rs 9.12 crore in fraudulent transactions. Victims of cyber crimes were also provided with guidance on how to apply for the release of their sto

Sleuths of the Enforcement Directorate (ED) started conducting raids at eight locations across West Bengal on Thursday in connection with its probe into cyber frauds involving over Rs 1,000 crore in Tamil Nadu, a senior officer said. Raids are underway simultaneously at five places in Park Street, Salt Lake, and Baguihati areas in Kolkata and in three other locations in districts, he said. During the raid in Salt Lake area, the ED sleuths detained a person for questioning, the officer said. "Our officers are now conducting raids at a flat in a high-end residential complex in Baguihati," he told PTI. Several people based in states in eastern India have been found involved in the crime, he added.