Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [09.03.2025]: 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. Jogulamba Gadwal Police Recover Rs 1.05 Lakh for Cyber Fraud Victims
Jogulamba Gadwal police refunded Rs 1,05,558 to ten cyber fraud victims who had lost Rs 1,36,585. Cases were reported across multiple stations, including Ieej, Dharur, and Shantinagar. DSP urged victims to report frauds via helpline 1930. Police officials attended the event, emphasizing cybercrime awareness and prevention efforts.
2. Airoli Engineer Duped of Rs 1.76 Crore in Cyber Scam
A 32-year-old Airoli engineer lost Rs 1.76 crore in a cyber fraud after being lured by fake investment schemes. Scammers posed as bank representatives and used WhatsApp groups to deceive him. The fraud was exposed when he couldn’t withdraw funds. A case was registered under BNS and IT Act sections.
3. Ludhiana Police Make 4th Arrest in Rs 4 Crore Cyber Fraud Case
Ludhiana police made a fourth arrest in a Rs 4.35 crore investment scam, apprehending 33 year old, from Rajasthan. Already jailed for another cyber fraud, he was brought on a production warrant. The case, registered in June 2023, involved victims lured via WhatsApp groups with fake stock market tips and high returns.
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4. Teacher Loses Over Rs 2 Lakh in Stock Market Scam
A schoolteacher lost Rs 2.1 lakh in a stock market scam after being lured by promises of high returns. The fraudster, posing as an investment advisor, urged more payments, raising suspicion. The victim reported it to the cybercrime portal, leading to the suspect’s account being frozen. Police have launched an investigation.
5. Thane Senior Citizen Duped of Rs 47 Lakh in Online Trading Fraud
A 66-year-old Thane man lost over Rs 47 lakh in a cyber fraud after being lured into a fake online share trading scheme. Scammers, using a WhatsApp group and trading app, promised high returns. After receiving no profits, the victim realized the scam and reported it to the police.
INTERNATIONAL
6. Hackers Target Sausalito’s Computer System in Cyber Attack
Sausalito City Council canceled its meeting after a cyberattack attempted 190,000 password breaches in 24 hours. Security measures prevented access. City officials and Marin IT are enhancing defenses. Marin agencies have faced past cyber threats, including a $950,000 theft from the Marin Housing Authority and a $309,000 scam on county finance staff.
7. FCC Warns Seniors About AI-Powered ‘Grandparent Scams’
The FCC warned about AI-powered scam calls cloning voices from social media to deceive victims into urgent money transfers. Fraudsters use pressure tactics and secrecy ploys. Elder fraud rose 14% in 2023. Officials urge verifying calls directly and avoiding quick payments via apps, wire transfers, or gift cards.
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8. Bybit Falls Victim to Historic Cyber Theft Due to Freeware Use
Bybit lost $1.5 billion in Ethereum due to insecure freeware, “Safe,” used for transactions. Hackers, allegedly from North Korea, exploited its vulnerability. CEO Ben Zhou admitted the risk, and experts criticized Bybit’s outdated security. The theft triggered a crypto market crash, with Bitcoin plunging 20% despite government intervention.
9. Law Enforcement Seizes Russian Crypto Exchange Linked to Ransomware
Global law enforcement shut down Russian crypto exchange Garantex, used by ransomware gangs for laundering funds. The U.S., EU, and other agencies seized its domain after sanctions linked it to Russian banks and cybercrime. Despite enforcement efforts, illicit crypto transactions hit $40 billion in 2024 and are expected to rise.
10. Netflix Users Alert: Scammers Sending Fake Emails to Steal Data
Scammers are sending fake Netflix emails with official branding, falsely claiming billing issues to steal user data. A fake “UPDATE ACCOUNT NOW” link leads to a phishing page, compromising login and payment details. Users should verify sender emails, avoid clicking links, and update passwords if they suspect fraud.