Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [09.10.2024]: 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. Hyderabad Cyber Crime Police Recover Rs 21.55 Lakh in Refund
The Hyderabad cybercrime unit refunded Rs 21.55 lakh to victims of two cyber fraud cases. In one case, a person lost Rs 13.5 lakh to a fake investment in NUVAMA Securities, while a 67-year-old lost Rs 8.05 lakh to scammers posing as TRAI and CBI officials. Authorities warned against suspicious platforms and apps.
2. Cyber Crime Gang Dismantled, 18 Suspects Wanted in 320 Cases Arrested
In a week-long operation, Hyderabad police arrested 18 individuals involved in multiple cybercrime rackets across Rajasthan, Maharashtra, and Karnataka. The accused, wanted in 45 cases from Telangana, were linked to investment, FedEx, OTP, and insurance frauds. Police seized Rs 1.6 crore, 22 lakh in cash, mobile phones, and other items.
ALSO READ: Join The Movement: Registration Open for ‘Cyber Safe Uttar Pradesh’ Event by FCRF on October 17
3. MP Woman Endures 5-Day ‘Digital Arrest,’ Loses Rs 46 Lakh in Fraud
A new cyber fraud method called “digital arrest” was used to deceive a woman in MP. Posing as a CBI officer, a fraudster claimed her account was linked to criminal activities and that an arrest warrant was issued. Fearing for her family, the woman transferred Rs 46 lakh before realizing the scam.
4. Hyderabad: Two Arrested for Defrauding Elderly Couple of Rs 10.61 Crore in Cyber Scam
The Telangana Cyber Security Bureau (TGSCB) arrested two men for defrauding an elderly Hyderabad couple of Rs 10.61 crore. Posing as Mumbai police, the fraudsters claimed the couple’s Aadhaar and PAN were linked to a money laundering case. The victims were tricked into transferring the funds through fake legal threats.
5. Police Arrest 21 Suspected Cyber Criminals
Lucknow police’s cyber team arrested 21 individuals involved in cyber fraud and recovered Rs 1 crore related to 13 cases registered in September. The cases involved amounts ranging from Rs 5,000 to Rs 23 lakh. Since January 2024, over Rs 200 crore has been swindled in more than 6,000 cases.
INTERNATIONAL
6. Cybercriminals Steal Up to $37 Billion as Operations Expand Across Southeast Asia
A UN report reveals that cybercrime syndicates in Southeast Asia raked in up to $37 billion in 2023, with Myanmar, Cambodia, and Laos becoming major hubs for scams, including romance-investment schemes and crypto fraud. Despite law enforcement efforts, these groups have professionalized operations, integrating AI, deepfakes, and advanced money laundering techniques.
7. Key International Cyber Law Resource Updated for 2024
The Cyber Law Toolkit has been updated for 2024, providing an interactive guide for governments and military lawyers on international cyber operations. The update includes new scenarios and case studies addressing contemporary challenges, such as state-sponsored attacks and critical infrastructure threats, reinforcing its role as a vital legal resource in cyberspace.
8. Mastercard Highlights Cybersecurity with True-Crime Podcast Series
Mastercard research reveals over half of Canadian small business owners lack cybersecurity training, despite rising cybercrime risks. In collaboration with Curiouscast, Mastercard is launching podcast episodes featuring real victim stories and insights on cyber threats, aiming to educate and prepare Canadians for potential attacks during Cybersecurity Awareness Month.
9. Allianz: Rising Data Privacy Trends Boost Large-Scale Cyber Claims
Allianz’s annual cyber risk outlook reveals a rise in cyber claims, with incidents related to data breaches driving a 14% increase in large claims in early 2024. Growing class action lawsuits in the U.S. and evolving AI use highlight the need for improved cybersecurity measures and data privacy compliance.
10. Putin’s Birthday Marked by Major Cyberattack: “You’ve Been Hacked”
On Vladimir Putin’s 72nd birthday, Ukrainian hackers disrupted Russian state news agency VGTRK’s broadcasting services, prompting officials to label it an “unprecedented” cyberattack. The pro-Ukraine group “sudo rm -RF” claimed responsibility, celebrating with the attack, while Russian officials blamed the “collective West” and vowed to pursue justice.