Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [14.09.2024]: 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. Mumbai Woman Detained in Telangana for Facilitating Cybercrime Operations in Cambodia
A Mumbai woman, Priyanka Shivkumar Siddu, was arrested by Telangana’s Cybercrime Wing for trafficking job seekers to Cambodia, forcing them into cybercrime. Siddu ran an unlicensed recruitment agency and collaborated with others in a fraudulent scheme. Victims faced severe abuse after refusing cybercrime activities.
2. Jammu Cyber Cell Recovers Rs 4.8 Lakh in Online Fraud Cases
The Cyber Cell in Jammu resolved three online fraud cases totaling Rs 4.8 lakh. Victims were deceived by fraudsters posing as family members, delivery agents, and fake AI platforms. Prompt investigations by the Cyber Cell helped recover the entire defrauded amount before it was misused.
ALSO READ: Join The Movement: Registration Open for ‘Cyber Safe Uttar Pradesh’ Event by FCRF on October 17
3. Court Dismisses Appeal to Cancel Cyber Fraud FIR Despite Settlement
The Punjab and Haryana High Court refused to quash an FIR in a cyber fraud case despite a settlement between parties. Justice NS Shekhawat cited concerns over a larger cyber fraud scheme, stating that more victims might be involved, thus necessitating a thorough investigation.
4. Block Ads to Avoid Investment Scams, Advises Cyber Cell SP Amid Algorithm Exploits
Goa’s Cybercrime Cell urged citizens to block online investment ads on social media to avoid fraud. SP Rahul Gupta explained that social media algorithms target users with similar ads if not blocked. He advised people to verify offers with professionals and be wary of unrealistic returns.
5. Cybercriminals Steal Rs 46 Crore from Vizag Residents by August
Visakhapatnam residents lost over Rs 46 crore to cyber fraud between January and August 2024. Police registered over 240 complaints, with 10-20 new cases daily. Crimes range from financial loss to identity theft and trafficking, with authorities freezing Rs 18 crore in various accounts.
INTERNATIONAL
6. Iranian Cyber Group OilRig Launches Sophisticated Attack on Iraqi Government
Iranian-backed OilRig, also known as APT34, targeted Iraqi government networks using Veaty, Spear malware, and DNS tunneling for data theft through email-based command-and-control channels.
7. BMA Report Predicts $7.75 Billion Growth in Cyber Insurance Premiums and $120 Billion Market Outlook
Bermuda’s cyber insurance market saw a 63.7% rise in premiums, reaching $7.75 billion in 2022. The Bermuda Monetary Authority highlights a focus on cyber risk management and captives’ role in the growing sector.
ALSO READ: Don’t Miss FCRF’s Round Table on CryptoCrime, Regulation, and Blockchain Forensics on September 23
8. Over One-Third of Cyberattacks Lead to Job Losses
Databarracks’ 2024 survey reveals that 37% of UK businesses impacted by cyber-attacks reported job losses, indicating the personal impact of such attacks beyond downtime and data loss.
9. New Linux Malware Targets Oracle Weblogic to Mine Cryptocurrency
new malware campaign targeting Oracle Weblogic servers exploits vulnerabilities to drop Hadooken malware, enabling cryptocurrency mining and botnet malware propagation via SSH data, spreading across networks.
10. TrickMo Android Trojan Abuses Accessibility Features for On-Device Banking Fraud
TrickMo, an Android banking trojan, enhances its capabilities to steal banking credentials, evade analysis, and control devices via accessibility services, with misconfigured C2 servers exposing victims’ sensitive data.