Cyber Crime
Top 10 Daily Cybercrime Brief by FCRF [20.08.2024]: 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 and Cyber Crime Units Conduct Operations at 20 Locations in Magicwin Case
The ED in Ahmedabad conducted raids across India related to Magicwin’s illegal activities under the Prevention of Money Laundering Act (PMLA). They seized digital devices, Rs 30 lakh in cash, froze Rs 2 crore, and identified crypto wallets with Rs 12 crore. Magicwin illegally broadcasted ICC Men’s T20 World Cup matches and engaged in betting.
2. Shipping Company Suffers Rs 8 Lakh Loss While Placing Order
Shriji Shipping in Jamnagar lost Rs 8.62 lakh in a cyber fraud during an oil purchase. Hackers intercepted their email communication with Rajvi Enterprise, causing payment to be sent to a fraudulent bank account. A complaint has been filed under IPC and IT Act.
3. Three Cyber Criminals Arrested for Rs 34.79 Lakh Fraud
Gurugram cyber police arrested three fraudsters who swindled Rs 34.79 lakh by luring victims into stock market investments. The accused, involved in 96 complaints and five cases, were arrested in early August, with investigations ongoing.
4. SIM Box Racket in Odisha: Police Investigating Cyber Crime, Drug Trafficking, and Possible Terror Links
Bhubaneswar police unearthed a SIM box racket linked to cybercrime and narco-terror. Raju Mandal, working under a Bangladeshi handler, set up SIM boxes in Odisha and Jharkhand. Police seized 12 SIM boxes and over 1,200 SIM cards. Investigations continue.
ALSO READ: FCRF Launches ‘Cyber Safe Uttar Pradesh’ Initiative to Combat Rising Cyber Crime
5. Rs 32 Lakh Cyber Scam Exposed: Hackers Used Ola and Uber Apps to Steal OTPs and Bank Details
Dehradun’s Cyber Crime Police arrested a cyber fraud gang leader in Haridwar responsible for a Rs 32 lakh scam across 12 states. The accused used fake stock trading apps and manipulated victims into losing large sums of money.
INTERNATIONAL
6. Russian Cybercriminals Linked to a ransomware attack on Hospital
A Russian cybercriminal group, Qilin, is behind a ransomware attack disrupting major London hospitals. The attack severely impacted pathology services, leading to the cancellation of some operations and tests. Authorities are working to restore services and secure patient safety.
7. Researchers Discover New Network Connected to FIN7 Cybercrime Group
Researchers linked new infrastructure to the FIN7 cybercrime group, revealing connections to hosting services in Russia and Estonia. FIN7, known for financially motivated attacks, has been using infrastructure from Stark Industries resellers. The findings led to the suspension of these services.
8. Police Summon NLC President Ajaero Over Terrorism Financing and Cyber Crime Allegations
Nigeria’s NLC President, Joe Ajaero, has been summoned by the police for questioning over allegations of criminal conspiracy, terrorism financing, and cybercrime. This comes after the NLC alleged a security force invasion of its headquarters.
9. Global Cybercrime Kingpin, Masterminding €31 Million Annual Fraud, Captured on Costa del Sol
The leader of a global cybercrime network, responsible for €31 million in scams annually, was arrested in Spain. The gang specialized in ransomware and malware. The arrest followed an international investigation involving multiple countries and law enforcement agencies.
ALSO READ: FutureCrime Summit: Biggest Conference on Cyber Crimes Set to Return in February 2025
10. Alert! Styx Stealer Malware Targeting Browser and Messenger Data
Styx Stealer,” a new malware, has been discovered by cybersecurity researchers. It targets browser and instant messenger data, stealing personal and financial information for cybercriminal activities or sale on the black market.