Top 10 Daily Cybercrime Brief by FCRF [20.05.2024]: Click here to Know More

Instagram ‘Brothers’ Scam Woman Out of Rs 2 Lakh in Wedding Gift Con
A woman from Indiranagar, identified as Salma, was scammed out of Rs 2 lakh by three men posing as ‘brothers’ on Instagram. They promised her lavish wedding gifts but demanded money when the shipment was allegedly seized. After coercion, Salma paid Rs 1.94 lakh. Police are investigating the case.

Fake CBI Officer Cons Youth, Steals Nearly Rs 10 Lakh
A Borivali youth was scammed out of Rs 9.5 lakh by fraudsters posing as CBI officers, claiming his bank accounts were involved in money laundering. They coerced him to transfer funds for “verification.” Realizing the fraud, he reported it to the police, who are investigating. Authorities warn against trusting such calls.

Bhopal Police Nab 4 for Credit Card and Loan Offer Scams
Bhopal Police arrested four men for scamming people by posing as ICICI and HDFC bank employees offering credit cards and loans. They sent fake website links to collect personal information, then withdrew over Rs 60,000 from victims’ accounts. Police seized phones, SIM cards, and bank passbooks during the operation.

Over 150 Vizag Youth Trafficked to Cambodia for Cybercrimes; 3 Agents Arrested
Visakhapatnam police arrested three consultancy agents, Chukka Rajesh, Sabbavarapu Kondalarao, and Mannena Gnaneshwar, for trafficking over 150 people to Cambodia under the guise of lucrative jobs. Victims were forced into cyber fraud. The Ministry of External Affairs cautions against falling for such job scams and advises verifying employers.

Cybercrime Costs Rs 547 Crore!
In Telangana, cybercrime victims lost Rs 547 crore in the past four months. The State Police withheld Rs 66.92 crore and registered 38,372 cases, mainly involving business, investment, and trading frauds. The Telangana Cyber Security Bureau is raising awareness and has refunded Rs 4.81 crore to victims this year.

INTERNATIONAL

MIT Siblings Charged in $25 Million Crypto Heist Executed in 12 Seconds
MIT siblings Anton and James Peraire-Bueno face federal charges for exploiting an Ethereum blockchain vulnerability, swindling $25 million in 12 seconds. They allegedly used advanced skills to manipulate transactions, targeting Ethereum traders. Arrested in Boston and New York, they face over 20 years in prison if convicted.

ALSO READ: The420.in Records a Massive 225,574 Active Users in a Single Day

Andrew Tate’s ‘The Real World’ Exposes Nearly a Million Users
A MongoDB database belonging to controversial platform “The Real World” exposed data of nearly 968,447 users, including user IDs, email addresses, passwords, session tokens, and more. Researchers warn of potential exploitation risks like phishing, identity theft, and social engineering. Similar misconfigurations have led to previous data exposures.

IMF Warns Cyberattacks Threaten Global Financial Stability
The IMF emphasizes the acute threat of cyber incidents to global financial stability, with the financial sector particularly vulnerable. Losses from cyberattacks amount to $12 billion in 20 years, with direct losses increasing fourfold since 2017. Recommendations include bolstering cybersecurity capacity and national strategies to mitigate risks.

Suggestions by Future Crime Research Foundation (FCRF)

Ukraine Blackouts from Malware Attacks Highlight Cybersecurity Threats to Physical Infrastructure
Two cyberattacks in Ukraine, in 2016 and 2022, targeted the power grid, highlighting threats to physical infrastructure. Dubbed Industroyer One and Two, these automated malware attacks prompted a detailed study revealing evolution in tactics. Researchers urge better defense measures as attacks become stealthier and could target embedded control devices worldwide.

Kinsing Hacker Group Exploits Flaws to Expand Cryptojacking Botnet
Kinsing, a persistent cryptojacking group, adapts swiftly, exploiting vulnerabilities in various systems since 2019. Orchestrating mining campaigns, it leverages flaws in open-source software, with its attack infrastructure spanning multiple countries. Its malware, targeting Linux and Windows, aims to disable defenses and establish a botnet for crypto-mining.

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