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. Kashmir Cyber Police Busts Racket Running Fake Proxy Bank Accounts
Cyber Police Kashmir has launched a major crackdown on proxy bank accounts used in scams and money laundering. Legal action was initiated against 50 individuals, with two arrested. These accounts, often sold for commissions, aided phishing and investment scams. Authorities urge public vigilance and warn of strict action against misuse.
2. Cybercrime Drives Karnataka Couple to Suicide; Gujarat Man Held
Cyber Police Kashmir has launched a major crackdown on proxy bank accounts used in scams and money laundering. Legal action was initiated against 50 individuals, with two arrested. These accounts, often sold for commissions, aided phishing and investment scams. Authorities urge public vigilance and warn of strict action against misuse.
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3. Bengaluru Tech Firm Hit by Ransomware Attack, Rs 60 Lakh Demanded
A Bengaluru firm, Whiteboard Technologies, suffered a ransomware attack on March 31, with hackers demanding up to $70,000 (₹60.26 lakh). Sensitive business and customer data was encrypted and stolen. An FIR was filed, and CERT-In is assisting police in decrypting the files and tracing the hackers’ digital footprints.
4. Bhopal Cyber Cops Bust Online Job Fraud; Two Held from Gujarat, Rajasthan
Bhopal Cyber Crime Branch busted an online job scam, arresting two men from Gujarat and Rajasthan. Victim lost ₹5.94 lakh after being lured via Telegram with fake task-based job offers. Fraudsters used apps showing fake profits, then vanished after collecting money. Police recovered phones, SIMs, and bank details.
5. Stock Market Scam: Man Loses ₹1.17 Crore in Fake Investment Scheme
A Jakhan resident was duped of ₹1.17 crore in a fake stock market investment scam via a WhatsApp group posing as analysts from Ask Investment Managers. Lured by fake profits on an app, he kept investing more. When withdrawals were denied repeatedly, he reported the fraud. Cyber Police launched an investigation.
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6. FintechOS Partners with Fort to Boost Cybersecurity Preparedness
FintechOS has partnered with Fort to strengthen its cybersecurity as it expands across the US, UK, and Europe. The alliance supports regulatory compliance and third-party risk standards. Fort, a longtime partner, helped FintechOS achieve key certifications and scale globally, following a $60M funding round and launch of its AI-powered platform, Evolv.
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7. AFP Trains Philippine Officials to Combat Cybercrime Amid MFA Push by Experts
The Australian Federal Police (AFP) has deployed two cybercrime experts to the Philippines to train officials on emerging scam tactics and technologies. With liaison officers in countries like Cambodia, Thailand, and Myanmar, the AFP is working closely with local authorities to disrupt cybercrime networks targeting Australians across Asia.
8. Study Reveals How Popular AI Tools Aid Phishing Scams
A Guardio Labs study revealed that AI tool Lovable is highly vulnerable to phishing misuse, easily generating fake login pages. Claude showed moderate resistance, while ChatGPT proved most secure, refusing malicious prompts. The findings stress the importance of robust safeguards as AI tools risk exploitation by cybercriminals.
9. Cryptocurrency Obstructs Cybercrime Tracing, Warns MCIT Consultant
Richard Miehe of MCIT briefed the Hubbard County Board on rising insurance costs, noting a 39% jump in total insured values over five years. To manage liability reinsurance spikes, MCIT raised its per-claim retention to $1 million. Cyber claim frequency rose, but severity decreased. Property rates rose 11.2%, workers’ comp 4%.
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10. Cybersecurity Lawmaker Presses for Clarity Before Slashing CISA Budget
Rep. Eric Swalwell has demanded a briefing from CISA before looming workforce cuts impact nearly 40% of its staff. He warned that the downsizing threatens national cybersecurity. Criticizing the lack of transparency, Swalwell urged explanations from officials, citing prior firings and budget slashes that already weakened CISA’s cyber defense capabilities.