Top 10 Daily Cybercrime Brief by FCRF [18.07.2024]: Click here to Know More

Important global cybercrime news has been curated by Futurecrime Researchers to keep you informed about various types of digital fraud occurring worldwide and to provide insights into the best mitigation strategies. Read below to learn more in detail.

1. Thane Cyber Crime Branch Uncovers Global SIM Card Fraud Network
Thane cyber police arrested three individuals from Chhattisgarh involved in an international SIM card fraud, seizing around 3,000 SIM cards used in online share trading scams. The operation, linked to Dubai, Cambodia, and China, duped victims of lakhs of rupees. The educated accused sold activated SIM cards to fraud call centers abroad.

2. Cyber Cell Recovers Rupees 76,528 for Fraud Victim in South Kashmir
The Cyber Cell Pulwama recovered and returned Rs 76,528 to a victim of a Rs 88,252 fraud. They froze fraudulent transactions and completed legal procedures to return the funds. Victims are advised to promptly follow legal steps for fund recovery and report cybercrimes via email or phone.

ALSO READ: You Won’t Believe How This Yes Bank Manager Helped Cyber Crooks Launder Money

3. CG Police Detain Four Jamtara Residents for Multimillion Cyberfraud
Chhattisgarh police arrested four Jamtara suspects linked to 346 cyber fraud cases worth crores. The accused, with minimal education, defrauded people in multiple states. A key case involved a Rs 5 payment scam leading to a Rs 49,971 theft. Arrest details are being shared for further legal action across districts.

4. Cybercrime Victim Reclaims Rs 18 Lakh
A 26-year-old Hyderabad victim lost Rs 18 lakh to fraudsters who falsely claimed his Aadhaar was used for illegal shipments and Hawala accounts. They tricked him into taking a loan and transferring the money to them. The police swiftly froze the amount, enabling the victim to recover the full sum.

5. ‘Log Off After Work’: PM Modi Advises Bureaucrats on Cybersecurity
Prime Minister Narendra Modi emphasized cybersecurity to senior bureaucrats, advising them to log out of IT systems daily to prevent cyberattacks. He discussed cybersecurity with Bill Gates, leading to directives for stricter protocols. The government significantly increased funding for cybercrime coordination, highlighting its commitment to robust cybersecurity infrastructure.

INTERNATIONAL

6. King’s Address: New Cyber Resilience Legislation Proposed in the UK
The UK will introduce a new Cyber Security and Resilience Bill to enhance cyber defences and update the 2018 NIS Regulations. The bill aims to secure critical infrastructure, extend protections to more digital services, and strengthen incident reporting, particularly against ransomware. This follows increased cyber threats from China and Russia.

7. North Korean Hackers Revamp BeaverTail Malware to Attack MacOS Users
Cybersecurity researchers discovered North Korean hackers’ updated BeaverTail malware targeting macOS via a fake MiroTalk.dmg file. This JavaScript stealer collects browser data and crypto wallet information and downloads additional payloads, like InvisibleFerret. The Lazarus Group also deployed similar attacks using malicious npm packages and phishing campaigns targeting Japanese organizations.

ALSO READ: Fake Websites, Fake Profits: How This Cryptocurrency Scam Duped Over 100 Investors of Rs 5 Crore

8. Paris 2024 Olympics Confront Growing Cyber-Threats
Cybersecurity analysts warn of increased cyber-threats targeting the Paris 2024 Olympics. FortiGuard Labs reports an 80–90% rise in darknet activity, with phishing kits, fake ticketing sites, and hacktivist disruptions posing significant risks. Experts emphasize robust cybersecurity measures, public vigilance, and preparedness to combat these sophisticated threats.

9. How to Avoid Cyber Scams During Online Shopping Spree
Amazon’s Prime Day concluded with warnings about rising online shopping scams. Better Business Bureau reports that young adults, especially 18–24, are frequent targets due to their tech proficiency but lack of scam awareness. Advice includes verifying website security, using credit cards over debit, and supporting local businesses to avoid scams.

10. Cybersecurity Risks Escalate in Singapore and Malaysia
A Cohesity study highlights growing concerns about cyberattacks in Singapore and Malaysia, with ransomware incidents on the rise. Many companies express low confidence in cyber resilience, facing challenges in data recovery and compliance with data privacy laws. Most would pay ransoms to restore operations, despite acknowledging risks and investing in AI-based threat detection tools.

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