Cyber Fraud

CBI arrests 2 bankers for opening mule accounts to stash cybercrime proceeds

The CBI is also investigating the role of other officials in relation to the opening and operating of mule accounts

CBI chargesheets 4 Chinese behind Rs 1,000 crore cyber crime racket; 111 shell firms unmasked

Investigators traced the origins of the scam to 2020, when the country was grappling with the COVID-19 pandemic

MC India Web 3.0: India among most cyber-attacked nations, needs centralised cyber security body, says former cybersecurity coordinator

Former National Cyber Security Coordinator Rajesh Pant calls for a new national cyber security strategy and unified agency to protect India’s digital ecosystem amid rising threats

Brokers App will soon have a genuine verification tick at App Store, says SEBI WTM Varshney

Varshney cited big opportunity for brokers in revival of commodity market and also the big business scope in expanding business and adding the people who want to join the capital market.

CBI thanked by US on busting illegal call centre that duped its citizens of millions

The CBI had busted a sophisticated cybercrime syndicate that siphoned off more than Rs 350 crore from US citizens over the last two years, arresting three alleged fraudsters who bilked unsuspecting people posing as tech support.

Citizens lost over Rs 22,845 crore to cyber criminals in 2024: Govt

According to the data shared by the minister, 10,29,026 cyber crimes were reported in 2022

Digital arrest: The case that could decide if bank is liable for forced money transfers 

Victims of  'digital arrest scams' argue that consent given under coercion is not valid; the consumer court is set to reassess how liability is defined in cyber fraud cases

CBI busts call centre fraud targeting Australian, UK citizens; operative arrested in Noida

Nishant Walia, partner at FirstIdea, has been arrested in connection with the transnational cybercrime syndicate.

Scam alert: Google flags 4.1 crore transactions on GPay, blocks 60 million risky app installs

The US tech major said it is partnering with IIT-Madras to to build smarter privacy protections and secure digital interactions for the future

Zerodha CEO Nithin Kamath urges RBI for stricter action against phishing and fake apps

In a post on X, Kamath emphasized the escalating threat of cyber fraud, made worse by artificial intelligence, and called for stronger measures to combat phishing scams and counterfeit apps that deceive users into disclosing personal information.

Perfios acquires fraud-detection platform Clari5 to expand offerings

Clari5 will operate as a wholly-owned subsidiary of Perfios, with its leadership team continuing to run the business independently

RBI to introduce dedicated 'fin.in' domain for non-banks

The move ensure a more secure and unified digital ecosystem for the entire industry, including fintechs, NBFCs and other financial service providers, the RBI has said

Finmin asks banks to focus on cybersecurity, quicken pace of lending to agriculture and MSMEs

Recently, Prime Minister Narendra Modi spoke about the cyber crime of 'digital arrests', noting that it has hit all sections of society and urged people to exercise caution when faced with such a scam

Vardhman Group CEO Oswal reveals how he was duped of Rs 7 crore: 'They said my a/c was linked to Naresh Goyal ...'

I told them that it was not my account and that I did not know Naresh Goyal. They said the account had been opened using my Aadhaar details. I told them that I have travelled in Jet Airways, so I may have shared the details, says Oswal

DoT suspends 2 telemarketing firms over 5.55 crore malicious SMSes linked to cybercrime

The investigation was initiated following reports of malicious SMSs at the 'Chakshu' facility on the Sanchar Saathi portal. A thorough analysis of the information provided by citizens resulted in significant discoveries and allowed for specific interventions.

Shocking details of cyberslavery: Indians being trafficked to South Asian countries to dupe other Indians

Indians searching for jobs in countries such as Cambodia and Laos are reportedly subjected to various physical and mental and physical abuse,including shock treatment, to carry out cyber crimes

RBI plans curbs on suspect bank accounts to fight cyber fraud, say sources

The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day

Bengaluru Police bust Rs 854 crore cyber investment fraud, arrest six people

Victims were initially enticed to invest smaller sums, ranging from Rs 1,000 to 10,000, with promises of daily profits of Rs 1,000 to 5,000 through WhatsApp and Telegram.

Apple, Google should share apps’ origin, developer identity with government: House panel

The Parliament’s standing committee on finance has said the RBI informed it that the tech companies refused to modify their operating systems for OTP-based two-factor authentication to make banking services more secure