Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [25.10.2024]: 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. Delhi: Four Arrested in Rs19 Lakh Cyber Fraud Case
Delhi Police arrested four individuals for allegedly defrauding a man of Rs19 lakh by impersonating officers from the Mumbai Financial Task Force. The victim was tricked into revealing bank details during a supposed investigation, leading the accused to take a pre-approved loan from his account.
2. Vellore Police Reunite Missing Phones with Owners
The Vellore district police returned 200 recovered mobile phones, valued at Rs38 lakh, to their rightful owners. Superintendent N. Mathivanan led the distribution. This recovery follows the establishment of a dedicated Cyber Crime unit and the launch of a cell tracker app allowing residents to report lost devices.
3. Two Nabbed for ‘Digital Arrest’ of Ex-Banker, Extorting Over Rs1 Crore
Meerut Police arrested two Delhi residents for allegedly defrauding a retired bank employee and his wife of Rs1.73 crore by placing them under “digital arrest,” manipulating their digital access for five days. Posing as CBI officials, the suspects coerced victims, transferring funds to accounts later traced to Dubai connections.
4. Hyderabad: 84-Year-Old Man Falls Victim to Rs2.88 Crore Cyber Fraud, Police Recover Rs53 Lakh
Hyderabad Police facilitated the recovery of Rs53 lakh for an 84-year-old man defrauded of Rs2.88 crore in a cyber scam. Fraudsters posing as CBI officials coerced the victim into transferring funds. Following investigation and court orders, police secured partial refunds, urging the public to report scams promptly.
5. Police Warn Job Seekers as Cybercriminals Target Bank Accounts
Kerala Police warn that cybercriminals are increasingly targeting young job seekers, especially those with bank and Google Pay accounts, for money laundering schemes. Fraudsters lure victims with commission offers, asking them to transfer funds to specific accounts. Police urge the public to avoid facilitating transactions for strangers.
INTERNATIONAL
6. Network of Rented Accounts Operated from Overseas
A cyberfraud network, orchestrated by criminals abroad, operates by renting bank accounts to launder stolen funds. Rajkot and Jamnagar police have arrested 16 people involved, including agents and account holders, who rented their accounts for small payments. The masterminds, reportedly overseas, use agents to target vulnerable individuals.
7. Spike in Cyberattacks Hits Majority of Australians
A new report reveals that two-thirds of Australians faced cyber-attacks or data breaches in the past year, with many affected multiple times. Despite awareness, few consistently follow security practices. Chief Security Officer calls for urgent national action, offering tools and resources to bolster cybersecurity.
8. Director General Graeme Biggar Unveils National Strategic Assessment
The National Crime Agency marks a decade of combating serious organized crime, unveiling its 2023 National Strategic Assessment. Highlighting threats from cybercrime, human trafficking, drug trafficking, and fraud, NCA emphasizes collaborative efforts across agencies to disrupt criminal networks and protect UK communities from evolving crime tactics.
9. Cayman Islands Hosts Global Cybersecurity Conference
The Cayman Islands will host the third annual Security besides conference from October 29-31, uniting global and local cybersecurity experts to address rising cyber threats. Keynote speakers, including John Hammond and Juliet Okafor, will provide insights and solutions, fostering networking and engagement for professionals and aspiring cybersecurity enthusiasts.
10. EFCC Launches 24/7 Cyber Crime Rapid Response Center
At the National Cybercrime Summit, Nigeria’s First Lady, Oluremi Tinubu, launched an initiative focused on redirecting youth from cybercrime to productive careers. With cybercrime costing Nigeria $500 million annually, the summit emphasized skill development as a pathway for economic stability and integrity in combating cyber threats.