Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [29.12.2024]: 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. Gurgaon Man Loses Rs 88,000 in Rs 880 Egg Order Scam; Two Cyber Fraudsters Arrested
Gurgaon police arrested two suspects, for duping a man of Rs 88,000 through a fake food delivery website. The victim, ordering eggs worth Rs 880, was tricked via a fraudulent payment gateway. The suspects used IVR systems and transferred funds through an accomplice. Investigation continues.
2. Rourkela Police Uncover International Cybercrime Racket in Fake Trading App Scam
Rourkela Police dismantled an international cybercrime racket linked to Southeast Asia, arresting 14 individuals involved in fraud, human trafficking, and cyber slavery. The racket, posing national security threats, included a Rs 67.7 lakh stock market scam via a fake trading app impersonating SEBI-registered INDIRA Securities. Investigations are ongoing.
3. Mother-Son Duo Arrested in Rs 1.37 Crore Cyber Fraud Case in Bhubaneswar
The Odisha CID arrested a mother-son duo, in Ghaziabad for a Rs 1.37 crore cyber fraud in Bhubaneswar. Posing as gaming platform operators, they duped a senior citizen by threatening legal action over alleged Aadhaar misuse. Linked to 15 similar cases nationwide, investigations are ongoing.
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4. Karnataka Police arrest bank manager-led gang for siphoning Rs 12.51 crore
Karnataka Police arrested four, including an Axis Bank manager, for siphoning Rs 12.51 crore via corporate data theft. The gang forged documents to access Dream Plug Pay Tech Solutions’ bank accounts, transferring funds to 17 mule accounts. Investigators seized Rs 1.83 crore in cash, uncovering a major cyber fraud operation.
5. 13 Arrested in Overnight Raids for Cyber Fraud
Asansol Durgapur Police arrested 13 inter-state cyber fraudsters in nightlong raids across five areas. Linked to scams via fake social media profiles, gaming apps, and tax filing requests, the suspects were tracked through mobile locations. This marks a major success in tackling 2024’s 107 cybercrime cases. Investigation continues.
INTERNATIONAL
6. How Crackdowns on LockBit and ALPHV Fueled RansomHub’s Rapid Rise
RansomHub, emerging in February 2024, quickly became a dominant ransomware group, claiming 210 victims in six months. Leveraging defunct groups like LockBit and ALPHV, it gained affiliates with high payouts. Despite its meteoric rise, experts warn its high-profile attacks and aggressive tactics may attract law enforcement attention, limiting its lifespan.
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7. Project Atlas Halts $70M Crypto Fraud, Recovers Millions in Stolen Funds
Ontario Provincial Police’s Project Atlas disrupted cryptocurrency fraud schemes, preventing over $70 million in theft and freezing $24 million in losses. Collaborating with global partners, investigators identified 2,000 fraudulent wallet addresses across 14 countries. The initiative aims to combat crypto scams, protect victims, and raise awareness about investment frauds.
8. Pro-Russian Hackers Target Italy’s Foreign Ministry and Airports in Cyberattack
Pro-Russian hacker group Noname057(16) claimed responsibility for a DDoS attack on Italy, targeting 10 official websites, including the Foreign Ministry and Milan airports. The attack, calling Italy “Russophobes,” briefly disrupted services. Italy’s cybersecurity agency mitigated the impact within two hours, offering swift assistance to affected institutions and firms.
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9. FICORA, CAPSAICIN Botnets Exploit D-Link Router Vulnerabilities for DDoS Attacks
FortiGuard Labs reported a surge in “FICORA” and “CAPSAICIN” botnet activities, exploiting decade-old D-Link router vulnerabilities. These Mirai and Kaiten variants target Linux systems, enabling DDoS attacks, malware downloads, and process terminations. The attacks highlight the need for regular firmware updates and robust network monitoring to mitigate such threats.
10. Over 15,000 Four-Faith Routers Vulnerable to Exploits Due to Default Credentials
A high-severity flaw (CVE-2024-12856) in Four-Faith F3x24 and F3x36 routers is under active exploitation, allowing OS command injection via default credentials. Threat actors use the /apply.cgi endpoint to gain persistent access. Over 15,000 devices are at risk, with attacks linked to prior vulnerabilities like CVE-2019-12168. Patch availability is awaited.