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. ₹71 Lakh Share Market Cyber Scam Uncovered; Four Arrested
Cybercrime officials from Pimpri-Chinchwad have arrested four individuals from Dharashiv, Latur, and Rajasthan for defrauding a retired individual of ₹71 lakh via a fake share market investment scheme. The accused routed the money through multiple bank accounts, some of which were linked to entities in China, Cambodia, and Dubai. The arrests followed a 4,000 km interstate operation.
2. ₹8.24 Crore Investment Scams Busted in Mumbai; Multiple Arrests
Cybercrime units in Mumbai have dismantled two major cyber fraud rackets involving investment scams worth ₹8.24 crore. In one case, a woman was duped of ₹5.39 crore through a fake trading app, while another case involved ₹2.85 crore siphoned off by fraudsters running a fake stock investment scheme. Arrested suspects had prior criminal records and helped cybercriminals by providing bank accounts.
3. Cricketer Duped of ₹24 Lakh in Fake IPL Selection Scam
A young cricketer from Karnataka was cheated of ₹24 lakh by fraudsters who promised IPL team selection. The scam, which ran from November 2024 to April 2025, involved false claims of franchise contracts and match payments. The victim’s family took loans to meet the demands. Police suspect involvement of fraudsters from Rajasthan and have launched a probe.
4. Fake Investment App Scam Busted; ₹71 Lakh Fraud, Foreign Links Found
A fraudulent app-based share trading scam led to a loss of ₹71 lakh for a local resident in Pimpri. Four suspects were arrested after a 4,000 km interstate manhunt. Investigation revealed links to foreign operatives in China, Cambodia, and Dubai. Transactions worth ₹3.25 crore were traced in just two days, raising alarms over growing international cyber fraud networks.
5. Fake Cop Uses Dating App to Extort ₹5.9 Lakh; One Held
A man was extorted of ₹5.9 lakh after being trapped via a dating app and threatened by fraudsters posing as police officers. The suspects accused the victim of planning a theft and demanded payments to avoid false charges. One individual was arrested, while another remains at large. Police confirmed the scam involved staged encounters and impersonation.
INTERNATIONAL
6. Student Admits to Multi-Million Dollar Ransom Hack of Two Companies
A 19-year-old college student in Massachusetts has pleaded guilty to hacking a telecom firm and a school software provider, stealing sensitive data and demanding $200,000 and $2.85 million in Bitcoin, respectively. The stolen data included information on over 60 million students and 10 million teachers. He now faces up to 17 years in prison.
7. PowerSchool Confirmed as Victim in Student Hacker Extortion Case
PowerSchool was identified as the school software firm targeted in a high-profile ransomware case involving a 19-year-old student. He accessed internal systems using contractor credentials and threatened to leak personal data unless paid in Bitcoin. The company admitted the attackers didn’t delete the data after payment.
8. FBI and Microsoft Shut Down Lumma Infostealer Network Used in 10M+ Thefts
The FBI and Microsoft dismantled the Lumma malware service, seizing domains used to spread the infostealer, which has compromised 10 million devices since late 2023. Criminals used Lumma to steal credentials, banking data, and crypto wallets. The takedown followed a spike in campaigns impersonating companies like Booking.com.
9. Coinbase Staff Bribed in Data Breach Affecting Nearly 70,000 Users
Coinbase disclosed that overseas support staff were bribed to leak sensitive data of over 69,000 users, later used in a $20 million extortion attempt. The breach, undetected for months, exposed ID images, bank data, and user histories. Coinbase has fired the involved employees and launched a $20M bounty to identify the criminals.
10. Microsoft Leads Global Operation to Dismantle Lumma Malware Infrastructure
Microsoft, with law enforcement and cybersecurity partners, has taken down over 2,300 domains tied to Lumma Stealer, a malware service linked to widespread credential theft and ransomware. Marketed as a plug-and-play toolkit, Lumma had hundreds of criminal customers. The takedown is expected to disrupt operations affecting nearly 400,000 devices.
About the author – Ayush Chaurasia is a postgraduate student passionate about cybersecurity, threat hunting, and global affairs. He explores the intersection of technology, psychology, national security, and geopolitics through insightful writing.