Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [31.10.2024]: 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. Tamil Nadu Cyber Crime Wing Dismantles Major Cyber Fraud Network ; Two Arrested in Chandigarh
The Tamil Nadu Police Cyber Crime Wing uncovered a Punjab-based cyber fraud network, arresting two men from Chandigarh. According to ADGP Sandeep Mittal, the “digital arrest scam” involved impersonators posing as TRAI executives, threatening victims with phone suspension over alleged money laundering, demanding payments to “clear charges.”
2. Cyber Criminals Impersonate Police, Defraud Railway Guard of Rs 72 Lakh
In Andhra Pradesh, railway guard Sheikh Mastan Vali fell victim to cyber fraud, losing Rs 72 lakh to scammers impersonating Mumbai Crime Branch and CBI officers. The fraudsters threatened arrest over a fabricated Mumbai blast case, compelling Vali to pay. This incident highlights the urgency of cyber security awareness and caution.
3. Hyderabad: Released on Bail, Accused Returns to Cybercrime
A netizen named Vinay exposed a cybercriminal, Sirigidi Praveen, who, despite a prior arrest in Kerala for investment scams, resumed fraudulent activities after release on bail. Vinay’s tweet caught the attention of Rachakonda police, who requested further details. IT Cell ACP Narender confirmed an ongoing investigation into the case.
4. Odisha Crime Branch Uncovers Rs 6.28 Crore Cyber Fraud; 24 Arrested with International Connections
The Odisha Crime Branch exposed a massive cyber fraud that defrauded investors with fake high-return promises. Victim Kuntal Mazumdar reported a Rs 6.28 crore loss after being misled through a WhatsApp group, “KOTAK INVESTMENT CLUB.” The investigation linked the scam to 24 suspects across states and uncovered possible foreign connections.
5. Cuttack Police Arrest Four Suspects in Cyber Crime Case
The Cuttack Cyber Police arrested a four-member gang from Uttar Pradesh for allegedly hacking a private hospital’s account and looting nearly Rs 30 lakh. The police seized six mobile phones and froze 92 linked bank accounts. Approximately Rs 27.08 lakh was recovered from the suspects’ accounts.
INTERNATIONAL
6. Government Revokes Cybercrime Authority Rules, Raising Uncertainty About Online Crime Oversight
The federal government repealed the rules governing the newly formed National Cyber Crime & Investigation Authority (NCCIA), leaving uncertainty about the agency’s future. Initially set to replace the FIA’s Cybercrime Wing, the NCCIA’s role in combating cyber threats is now unclear, prompting calls for clarification from authorities.
7. Dutch Police Dismantle RedLine and Meta Malware Operations
A Dutch-led global operation, “Operation Magnus,” dismantled the RedLine and Meta infostealer malware networks, seizing three servers in the Netherlands and shutting down two malicious domains. U.S. authorities also charged RedLine’s alleged developer, Maxim Rudometov, for cyber fraud and money laundering, marking significant progress in combating global cybercrime.
8. DOD Cyber Crime Center’s Vulnerability Disclosure Program Yields Major Savings for Industry
Six months after launching the DIB Vulnerability Disclosure Program, the Defense Department’s Cyber Crime Center estimates potential savings of $300 million for the defense industrial base. Through collaboration with white-hat hackers, over 60 vulnerabilities have been resolved, enhancing cybersecurity for small- to medium-sized contractors against global cyber threats.
9. Southeast Asia’s Growing Cybercrime Crisis: Latest Developments
Heightened scrutiny of Southeast Asia’s internet scams has led to intensified crackdowns, arrests, and internet restrictions across the region. Cambodia and Myanmar remain primary centers for organized crime, while Laos shows initial efforts to counter its influence. Transnational networks continue shifting focus toward wealthy global targets, escalating international concerns.
10. Strengthening Alliances to Safeguard the UK Against Cyber Crime
A UK government official emphasized the critical role of cybersecurity in national security, highlighting rising threats from cybercriminals and hostile states like Russia and China. Collaborative efforts across government, industry, and international allies aim to counter cyber threats, bolster resilience, and protect democracy against misinformation and digital interference.