Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [14.10.2024]: 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. Jharkhand Schools Prioritize Attendance Amid Rise in Cybercrime
In Jamtara, known for cybercrime, a school has started taking attendance thrice daily to prevent students from sneaking out to engage in phishing activities. After police revealed student involvement in cybercrime, the initiative reduced absenteeism. Parents were also counseled on legal consequences, effectively curbing the issue.
2. Are We Equipped to Handle Cybercrime in Financial Markets?
Cybercriminals in India are impersonating mutual fund houses to defraud investors, with financial market regulators receiving numerous complaints. Victims like Nisha Gupta and Amita Ravindra Lalas report frustration with both police and regulatory bodies, claiming investigations are superficial and financial institutions offer little help in addressing cyber fraud.
3. Pimpri Chinchwad Opens Cyber Police Station, First Case Involves Rs 60 Lakh Stock Market Scam
The Pimpri Chinchwad Police Commissionerate has opened a new Cyber Police Station, registering its first case involving a Rs 60 lakh stock market scam. Established due to rising cybercrime, the station has dedicated staff and resources to handle complex cases, offering better investigations and coordination with other agencies.
4. Maharashtra Unveils India’s First Integrated Cyber Command Center with L&T Technology Services
L&T Technology Services and Maharashtra’s Cyber Department have launched India’s first integrated Cyber Command and Control Center. Inaugurated by Deputy CM Devendra Fadnavis, the center will enhance cybercrime investigations, improve security for citizens and infrastructure, and use AI-driven tools for threat intelligence and digital forensics across the state.
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5. Raigarh Workshop Highlights Cybercrime Prevention and Water Conservation in Chhattisgarh
A workshop on cyber awareness and water conservation was held in Raigarh, featuring Supreme Court Justice Prashant Mishra and Finance Minister O.P. Choudhary. Organized by the District Legal Services Authority, it emphasized the importance of cybercrime prevention and sustainable water conservation, encouraging public involvement in addressing these critical issues.
INTERNATIONAL
6. Somali Vendor Linked to Dubai Account in Cybercrime Investigation by ISA
India’s International Solar Alliance (ISA) lost Rs 3 crore in a cybercrime incident where a payment to a Somalia-based vendor was diverted to a fraudulent account. ISA filed a police complaint and issued a show-cause notice to staff suspected of involvement. The cyberattack replaced legitimate emails with forged ones for payment redirection.
7. Conference Highlights HR Solutions for Cybersecurity Challenges
The HR-focused conference, hosted by Etisalat under Chairman Mohammed Hassan Omran, gathered experts from across the AGCC and Middle East. Discussions centered on HR challenges, professional development, and change management. Key speakers included Professor Stephane Garelli, David Creelman, and Virender Kapoor, addressing human resource strategies for corporate success and global developments.
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8. Global Cooperation Essential in Tackling Cyber Threats
The Cyber Crime Coordination Centre has banned over 700 apps, while public awareness efforts have led to 33 lakh cyber complaints, reinforcing the need for collective action. Key initiatives include the Digital Personal Data Protection Act and international cooperation on cyber standards. India prioritizes cybersecurity amidst rising digital threats like ransomware and phishing.
9. OilRig Espionage Campaign Exploits Windows Kernel Vulnerability in UAE and Gulf
The Iranian hacker group OilRig has exploited a patched Windows Kernel vulnerability (CVE-2024-30088) in a cyber espionage campaign targeting the U.A.E. and Gulf region. Utilizing tactics like credential theft via Microsoft Exchange servers and a new backdoor named STEALHOOK, they aim to establish persistent access for future attacks.
10. FBI Unveils Fake Cryptocurrency to Uncover Widespread Market Manipulation
The U.S. Department of Justice has charged several individuals and entities in connection with Operation Token Mirrors, targeting alleged digital asset market manipulation. Law enforcement created a fake cryptocurrency, NexFundAI, to uncover fraud. Eighteen defendants face charges, with over $25 million in cryptocurrency confiscated amid a pump-and-dump scheme.