Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [08.03.2025]: 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. Cyber Crime Unit Cracks Rs 87.5 Lakh Trading Fraud Case
The Cyber Crime Police exposed a trans-national trading fraud linked to cybercriminals in India, Nepal, and China. Fraudulent transactions of Rs 8 crore were routed through bank accounts managed by the accused, who is allegedly involved in 18 similar cases nationwide. The investigation is ongoing to trace further links.
2. Three, Including a Woman, Arrested for Aiding Cyber Fraudsters with Bank Accounts
Gurugram Cyber Crime Police arrested three, including a woman, for providing bank accounts to cyber fraudsters. The accused, from Uttar Pradesh, used fake Aadhaar cards to open multiple accounts, earning Rs 5,000 per account. Police seized phones, SIMs, and bank documents. Investigations continue to curb rising cyber fraud cases.
3. Pune Cyber Police Recover Rs 43 Lakh for Senior Citizen in Stock Market Scam
A 63-year-old retired bank officer in Pune lost Rs 46.75 lakh in an online stock market scam. The Kondhwa Cyber Crime Unit swiftly recovered Rs 43 lakh. Police traced the fraudsters’ accounts, froze funds, and returned them to the victim. Senior officials led the operation, ensuring justice for the elderly victim.
4. Retired Air Commodore Defrauded of Rs 1.45 Crore in Cyber Scam
A retired Air Commodore lost Rs 1.45 crore in an online share trading scam after being lured via a WhatsApp group. He made 16 transactions, believing he was investing, but couldn’t withdraw Rs 8 crore shown in his virtual account. Realizing the fraud, he filed a complaint with the West Cyber Police.
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5. Hyderabad Call Centre Scam Targeting US Citizens Busted; 63 Arrested, 600 Victims Identified
The Telangana Cyber Security Bureau busted a fake Hyderabad call centre defrauding US citizens. Run by Chanda Manasvini, the operation scammed 600 victims daily, stealing funds via cryptocurrency. Police seized laptops, phones, and ID cards. Key accused remain at large as investigations continue.
INTERNATIONAL
6. Malicious Use of Cobalt Strike Drops 80% After Crackdown, Says Fortra
A global crackdown led by Fortra, Microsoft, and Health-ISAC has reduced unauthorized Cobalt Strike use by 80%. The three-year operation “Morpheus” targeted criminal infrastructure, seizing 200 domains and disrupting cybercriminals. Law enforcement from multiple countries assisted, significantly curbing cyber threats linked to the pirated penetration testing tool.
7. EncryptHub’s OPSEC Failures Reveal Malware Operation
Outpost24’s KrakenLabs uncovered EncryptHub’s malware operation due to security lapses exposing its infrastructure and data theft methods. The group uses trojanized apps, PowerShell scripts, and pay-per-install services to steal credentials. EncryptHub is also developing EncryptRAT for remote access, signaling potential commercialization. Researchers stress enhanced security to counter evolving threats.
8. Strela Stealer Malware Targets Microsoft Outlook for Credential Theft
Strela Stealer malware targets Microsoft Outlook and Mozilla Thunderbird, spreading via phishing emails with malicious ZIP files. Once executed, it steals email credentials and system data, sending them to a Russian C2 server. Using advanced obfuscation, the malware remains hard to detect, highlighting the need for enhanced cybersecurity defenses.
9. TGCSB Arrests 63 for Scamming PayPal Users in the US
The Telangana Cyber Security Bureau arrested 63 suspects linked to a fake call centre scamming PayPal users in the US. Operated by Kaivan Patel and associates, the Hyderabad-based Exito Solutions used phishing emails and fraudulent calls to steal banking details. Illicit funds were funneled through US mule accounts and cryptocurrency.
10. Law Enforcement Seizes Russian Crypto Exchange Favored by Ransomware Gangs
Global law enforcement shut down Russian crypto exchange Garantex, a key platform for ransomware gangs laundering funds. Seized after EU sanctions, the takedown involved US, German, and Finnish agencies. Garantex was linked to illicit transactions, including $6 million from Conti. Authorities predict evolving cybercriminal tactics despite enforcement successes.