Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [20.03.2025]: 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. Ludhiana Elderly Businessman Duped of Rs 7.7 Lakh in Cyber Fraud
An elderly Ludhiana businessman lost Rs 7.7 lakh to cyber fraudsters posing as bank employees. Despite not sharing details, his account was debited after suspicious calls. Police suspect he unknowingly clicked a malicious link. The money was withdrawn the same day, and authorities are tracking the fraudsters under BNS sections 319(2) and 318(4).
2. Cyber Fraud Investigation: Rs 100 Crore of Diamond Firms’ Funds Blocked
Cyber crime investigations have led to the freezing of 30 bank accounts of diamond trading firms in Hyderabad and Bengaluru, blocking Rs 100 crore. Similar actions were taken in August 2023. Affected traders plan to seek Union Home Minister Amit Shah’s intervention, citing business losses and reputational damage due to ongoing probes.
3. Mumbai Cyber Police Arrest 27-Year-Old in Rs 90 Lakh Digital Scam; Retired Director Targeted by Fake CBI Officials
Mumbai Cyber Crime Police arrested 27-year-old for involvement in a Rs 90 lakh digital arrest scam. A retired director was duped into transferring money to a fake “confidential surveillance account.” Investigators found Rs 4.94 lakh in his account. He faces charges under BNS and IT Act provisions.
Now Open: Pan-India Registration for Scam Reporters & Fraud Investigators!
4. Pune Cyber Police Recover Rs 40 Lakh Stolen from Renowned Company
A Pune company lost Rs 40.9 lakh in a cyber scam after fraudsters posed as its MD and tricked staff into transferring funds. Cyber Police swiftly intervened, freezing the fraudulent account and recovering the full amount. Authorities urge businesses to verify financial requests before making transactions to prevent cyber fraud.
5. Pune Anaesthesiologist Falls Victim to Rs 70 Lakh Cyber Scam
A Pune anesthesiologist lost Rs 70 lakh to cybercriminals posing as law enforcement officials. Scammers accused her of involvement in organ trafficking and coerced her into transferring funds to a fake “government account.” Realizing the fraud, she reported it to cyber police. Authorities suspect an international syndicate behind the scam.
INTERNATIONAL
6. Hackers Steal Data of 500K+ from Pennsylvania Teachers Union
The Pennsylvania State Education Association (PSEA) confirmed a July 2024 cyberattack exposed sensitive data of 517,487 individuals, including financial and health details. The Rhysida ransomware gang claimed responsibility. While no misuse has been reported, PSEA is offering free credit monitoring to those whose Social Security numbers were compromised.
7. UK Cybersecurity Agency Warns of Rising Quantum Hacking Threats
The UK’s National Cyber Security Centre (NCSC) warns organizations to adopt post-quantum cryptography by 2035 to counter future quantum hacking threats. Critical infrastructure and large firms must identify systems needing upgrades by 2028 and complete migration by 2035, ensuring data security against quantum computers’ potential to break current encryption methods.
8. Top Sperm Bank Data Breach Exposes Names, Bank Info, and More
California Cryobank, one of the world’s largest sperm banks, suffered a data breach between April 20-22, 2023, exposing sensitive information, including names, Social Security numbers, and bank details. The breach was disclosed nearly a year later. The company has enhanced security and is offering affected customers 12 months of identity protection services.
9. Retired Superintendent Shares Experience of Cyber Fraud Scam
Mount Desert Island Regional School System lost over $1 million in a cyber scam after fraudsters impersonated a construction firm’s finance director. The funds were recovered after quick action by officials and the FBI. Authorities urge schools to strengthen security protocols to prevent similar cyber fraud incidents in the future.
10. Ransomware Gang Claims to Have Breached Telecom Giant Orange
The Babuk ransomware group claims to have hacked telecom giant Orange, stealing 4.5TB of sensitive data, including customer records, invoices, and call logs. The hackers threaten to leak 1TB unless negotiations begin. Orange has not confirmed the breach, but the attack could pose serious risks to customers’ personal information.