Fraud
The Delhi court examining the Rs.2,000 crore cryptocurrency fraud case has asked the Central Bureau of Investigation (CBI) to consider taking over the probe from Delhi Police, suspecting involvement of a syndicate. The case involves the hacking of leading cryptocurrency platform WazirX, resulting in the theft of nearly
Fraud
The 2024 Cybercrime Report, released by LexisNexis Risk Solutions, shows a significant shift in global fraud patterns, with first-party fraud now accounting for 36% of all reported fraud, representing a third of all cases in 2024. This marks a significant increase from 15% in the previous year. First-party fraud includes
Fraud
As part of its efforts to combat transnational financial crimes, the Nigeria Police Force has arrested two high-profile suspects, Robert Harms and Okeke Ogechi Njaka, for investment fraud and cybercrime. Robert Harms, a Canadian national, was apprehended on February 7 at Nnamdi Azikiwe International Airport, Abuja, while attempting to flee
Fraud
As digital marketplaces expand across Africa, particularly in Nigeria, the risk of cyber threats grows proportionally, demanding robust security measures to match the accelerated pace of digital growth. AI has made it easier and cheaper for fraudsters to generate believable content for cyberattacks, posing new and sophisticated threats that require
Fraud
In a recent crackdown on cybercrime, the Bikaner police have arrested members of a gang accused of providing mule bank accounts to cybercriminals. The gang, operating from Bikaner in Rajasthan, rented out local residents' bank accounts to funnel money obtained from victims of cyber scams. The gang's
Computer crimes
Marks & Spencer's operations have been severely impacted after a damaging cyber attack, with the retailer unable to process online orders for over a week. The incident initially affected contactless payments and click-and-collect orders, but has escalated to the point where customers are no longer able to place
Banks (Finance)
Cargills Bank, having faced issues with the hacking of its website and cybersecurity concerns, has taken steps to rectify the situation and prevent future breaches. The bank engaged international cybersecurity experts to investigate the incident, strengthen its security measures, and enhance its cybersecurity framework. Despite the incident, the bank ensured
Computer crimes
The European Union Agency for Criminal Justice Cooperation has issued the Second Additional Protocol to the Council of Europe Convention on Cybercrime, aiming to enhance cooperation among parties and service providers for obtaining electronic evidence in criminal investigations. Signed in May 2022, the Protocol introduces a self-executing provision in Article
Computer crimes
The recently agreed UN Cybercrime Convention is being hailed as a "landmark step" in tackling online dangers, but human rights organizations are expressing grave concerns over its potential to become a tool for oppression. The convention's text, finalized after two years of negotiations, has been criticized
Computer crimes
The adoption of the United Nations (UN) convention on cybercrime in August 2024 by the Ad Hoc Committee of the UN General Assembly has sent alarm bells ringing around the world. The global human rights community fears that the draft convention, set to be adopted by the UN General Assembly
Computer crimes
Indian authorities have uncovered a human trafficking ring operating in Chandigarh, which lured gullible Indians into Myanmar under the guise of offering them lucrative jobs in Thailand. The suspects, led by Riya Sonkar and Ajay, targeted innocent individuals with promises of well-paying employment, but ultimately forced them into cyber-crime syndicates.
Computer crimes
As world leaders gather at the UN General Assembly next month to vote on a landmark cybercrime treaty, India is faced with a critical decision that may impact its cybersecurity efforts and individual privacy rights. While the treaty aims to combat cyber threats, some experts have raised concerns about its
