Fraud
Nigeria has become the epicenter of a global cybercrime wave, driven by a new generation of sophisticated hackers, known as the "Yahoo Boys". These young hackers, often university students under 26, are using cutting-edge technology to orchestrate complex scams that target victims worldwide, draining billions from unsuspecting individuals
Fraud
The Tripura Police, led by Director General of Police (DGP) Anurag Dhyankar, have made a significant discovery in the fight against cybercrime, uncovering a massive digital money fraud amounting to Rs.46.96 crore since 2021. As part of their efforts to recover the remaining amount, the police have arranged
Fraud
A private company manager in Nashik was cheated by cybercriminals of Rs 1.40 crore after investing in cryptocurrency with the promise of high returns. The incident came to light when the victim, 38-year-old Krishna, approached the Cyber Police Station in Nashik. Krishna was lured into investing in cryptocurrency after
Fraud
Punjab's State Cyber Crime Police have cracked a multi-million-dollar honey trap racket that duped people with explicit live streaming on a banned website. The ringleaders, numbering six, allegedly swindled 15.5 crore rupees using platforms like Stripchat and Suncrypto, and USDT (Tether) cryptocurrency. The group used private wallets
Fraud
A standing committee on parliamentary affairs in Islamabad held a critical meeting to address pressing national security concerns, including the growing threat of cybercrime, fraudulent activities targeting the Benazir Income Support Programme (BISP), and security risks stemming from cross-border radio communications. The committee expressed alarm over the rise in financial
Fraud
A massive financial fraud operation in Hyderabad involved over 3,000 investors across multiple states, earning Rs 850.59 crores through Ponzi scheme tactics and advanced AI-powered investment platforms. The scheme was operated through several companies, including AV Solutions, IIT Capital Technologies, and Srinivas Analytics Pvt. Ltd. The cybercrime police
Fraud
A Welsh individual has lost £2.1m in a Bitcoin scam after falling victim to a highly targeted and advanced phishing attack. The scammer posed as a senior UK law enforcement officer, using a fabricated story to gain the victim's trust before instructing them to log into their
Fraud
Globe, one of the Philippines' leading telcos, and the Department of Information and Communications Technology (DICT) have signed a Memorandum of Understanding (MOU) to enhance their collaboration in protecting Filipinos from tech-enabled crimes such as fraud, scams, and identity theft. The partnership aims to establish a stronger, more integrated
Fraud
The Delhi Police's Intelligence Fusion and Strategic Operations unit conducted a six-month operation that led to the arrest of 18 individuals allegedly involved in a Rs 2.6-crore fraud. The suspects, who were call centre employees in Gurgaon, leaked confidential details of credit card holders and used them
Fraud
The Pimpri Chinchwad cyber police in Pune took swift action to recover Rs31 crore that a Chakan-based bioscience company lost in an email spoofing fraud between April and May. The company's US-based officer's email was hacked, and details of the firm's vendors were obtained,
Fraud
In a major crackdown on cybercrime, the Mumbai Crime Branch's Unit 2 has busted a gang involved in renting and selling bank accounts and SIM cards to cyber fraudsters and operators of illegal online gaming scams. The operation is linked to syndicates operating from Thailand, China, Dubai, Cambodia,
Fraud
Bahrain's financial institutions and citizens face growing risks from cybercriminals exploiting advances in machine learning to infiltrate search engines and generate convincing content. LexisNexis Risk Solutions director Rob Woods warned that fraudsters are using deepfakes to bypass traditional security measures, tricking customers into participating in the fraud. Woods
