Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [28.09.2024]: 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. ED seeks information from SIT, Punjab Police regarding Rs 100-crore cyber scam
The ED has sought details from the Punjab Police and SIT on a Rs 100-crore cyber fraud involving multiple accused. The case involves national security, and Inspector Amanjot Kaur had earlier raised concerns about influential individuals involved, leading to the transfer of the investigation to the SIT.
2. Cyber criminals swindle engineer and retired insurance manager out of Rs 1.54 lakh
An engineer and retired insurance officer in Lucknow lost Rs 1.54 crore to cyber scammers, who promised high returns through fake stock market investments via WhatsApp groups. Both victims were removed from the group once they tried to withdraw their money, leading to police investigations.
ALSO READ: Join The Movement: Registration Open for ‘Cyber Safe Uttar Pradesh’ Event by FCRF on October 17
3. J&K residents targeted by cyber scammers using fake Meesho coupons, Cyber Police releases advisory
Cybercriminals in Jammu and Kashmir are scamming people using fake Meesho coupons, luring victims with promises of luxurious prizes and using QR codes to steal personal data. Police have issued advisories warning people to avoid scanning unknown QR codes and to report any fraudulent activity immediately.
4. Gorai businessman arrested for allowing cyber fraudsters to use his bank account
A Gorai businessman was arrested for allowing cyber fraudsters to use his bank account in an online share trading scam, cheating two sisters of Rs 31.5 lakh. The accused demanded more money as taxes after the victims couldn’t withdraw their profits, leading to his arrest.
5. Mumbai diamond trader loses Rs 59 lakh worth of shares to cyber scam
A Mumbai diamond trader lost Rs 59.66 lakh worth of shares after falling victim to a cyber fraud. He shared his personal details with a caller posing as Angel One customer support. The shares were transferred to another Demat account, and after failed assurances, he filed a police complaint.
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6. BT Group identifies 200 million daily cyber threats and boosts security with quantum encryption
BT Group revealed detecting over 200 million potential cyber threats daily, highlighting a 1,234% rise in malicious IP scanners. During a security event, BT warned businesses of evolving cyber risks and emphasized the role of quantum-secured connectivity to protect sensitive data in collaboration with Toshiba.
7. Meta faces $101 million fine for storing passwords in unencrypted format
Meta was fined €91 million by the Irish Data Protection Commission for storing millions of user passwords in plaintext. The five-year investigation followed a 2019 revelation that Meta had improperly stored passwords without encryption, leading to this significant penalty
8. Man apprehended for hacking rail terror message system
A man was arrested after a cyberattack disrupted public Wi-Fi at 19 UK railway stations. Users reported receiving messages about past terror attacks. British Transport Police arrested the suspect, an employee of Global Reach Technologies, on charges of computer misuse and malicious communications.
9. Scotland Police to establish new cybercrime and fraud unit
Police Scotland is establishing a new cyber and fraud division to tackle the growing complexity of cybercrime. By 2030, the force aims to be one of the most digitally advanced, using AI, data-driven solutions, and digital innovation to prevent and address cyber-related crimes
10. U.S. sanctions two cryptocurrency exchanges for aiding cybercrime and money laundering
The U.S. government sanctioned two cryptocurrency exchanges, Cryptex and PM2BTC, for laundering cryptocurrency linked to cybercrime. The crackdown, part of Operation Endgame, led to the seizure of €7 million in cryptocurrency and the shutdown of the exchanges’ websites.