CYBER FRAUDSTER
60 Indian nationals arrested in Sri Lanka for cyber crime operations
Indian nationals engaged in online financial scams were arrested in Madiwela and Battaramulla following simultaneous raids. The arrests uncovered a scheme involving coerced deposits after promising cash for social media interactions, with international links to Dubai and Afghanistan.
Beware... 800 online financial frauds a day
Furthermore, if all the cases from the National Cyber Crime Reporting Portal are included, the surge is even higher. Many frauds reported on the portal are not recorded as banking frauds because the money is transferred voluntarily to a third party masquerading as a merchant or service provider.
Unemployed youth enticed to rent bank accounts for quick money; Goa Police uncovers fraud
Goa police have uncovered a worrying trend of youths renting out their bank accounts to cyber fraudsters. This has led to an increase in cybercrimes targeting unsuspecting citizens. Many unemployed youths are enticed to rent their accounts in exchange for quick money. The fraudsters then use these accounts to execute their schemes.
Noida man scammed of Rs 20.54 lakh, alleges death threat
A man from Greater Noida, Sandeep Kumar, was scammed of Rs 20.54 lakh in a work-from-home job scam involving rating hotels on Google Maps. An FIR was filed against an unidentified persons under IPC sections 420 and 506, along with IT Act provisions. Kumar fell victim to a scheme where he invested money but couldn't withdraw it, facing death threats when questioning the fraudsters.
Major cyber fraud prevented in Lucknow, would have been one of the biggest cases in UP's history
The story started with fraudsters opening another account in AKTU's name in the same bank where it already had an account. Then, bank officials were fooled via an elaborate ploy to transfer a huge amount fo the fake a/c. It eventually took an audit to uncover the scam.
Nashik man involved in global racket forcing youths into cyber fraud, honey trapping held
The National Investigation Agency (NIA) arrested Sudarshan Darade in Nashik, Maharashtra, for his alleged involvement in an international human trafficking syndicate coercing youths into online criminal activities like credit card fraud and honey trapping. Darade is the sixth person arrested in the case, which involves trafficking Indian youths to work in fake call centers in Laos and Cambodia.
Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC
The Bombay High Court ruled that customers have zero liability for unauthorized transactions caused by third-party breaches, directing Bank of Baroda to refund Rs 76 lakh to Pharma Search Ayurveda Private Limited. The court cited a 2017 RBI circular and the bank’s Consumer Protection Policy, highlighting that the deficiency lay not with the bank or the customer. The petitioners reported the fraud immediately, but the bank ombudsman initially rejected their claim. The court found no negligence by the petitioners and ordered the refund within six weeks.
New UPI scam: Fraudsters send you 'Rs 200.00' and ask to return Rs 20,000; how to protect yourself from UPI overpayment scam
UPI overpayment scam: You should be careful before sending or accepting any UPI collect money request especiallly from unknown numbers or IDs. This is because scamsters have now become more sophisticated and specifically targetting various tricks to make sure you stay distracted enough to not notice the scam. Read here how a individual got saved from this scam and what you can do.
Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself
Stock market scams via WhatsApp, Telegram, Facebook or Instagram: Two investors lost over Rs 3 crore in separate scams, highlighting a concerning trend. Fraudsters lure victims via social media with promises of high returns. They use fake profiles, apps, and WhatsApp groups to build trust before blocking withdrawals. Beware social media stock tips promising high returns. It's a scam! Learn how to identify fraudsters and protect yourself. Read for modus operandi and red flags here.
90,000 scams in 4 months: How Southeast Asia is becoming the next Jamtara; Fraudsters recruiting from Andhra, TN, Odisha
India faces a surge in cyber fraud from Southeast Asia, surpassing domestic hotspots. Nearly half of the defrauded money comes from scams such as investment, trading, digital arrest, and dating scams. Between January and April 2024, Rs 1,775 cr was lost to these scams. Organized crime networks employ Indians through illegal recruiters, with suspected Chinese involvement in these operations.
Pig-butchering stock market get rich quick scam: Telegram, Instagram, WhatsApp used to steal lakhs from investors; tactics used, how to stay safe
A 32-year-old woman was scammed after joining a Telegram channel promising high returns. The scam targeted homemakers and retired individuals through unverified channels. Scammers impersonated advisors from reputed banks like HDFC, SBI, and ICICI. Delhi Police have been actively arresting scammers involved in these fraudulent activities.
Daily Stock Tips: How 100 fraudsters tricked 200 investors through Telegram, Instagram, and WhatsApp
Investment scams on social media platforms lure victims with promises of high returns. Delhi Police have arrested over 100 fraudsters employing sophisticated tactics. Scammers pose as representatives of reputed firms, offering free stock recommendations and making unrealistic promises. Victims, often homemakers and retirees, fall prey to pressure tactics, losing their hard-earned money.
MHA warns against cybercriminals posing as police officials
The Union home ministry warns against cyber fraud by criminals posing as law enforcement agencies, leading to financial losses for victims. Fraudsters use various tactics, including 'digital arrests', and impersonate government bodies like CBI and RBI. The fraud is part of online economic crime by syndicates.
Govt asks Jio, Airtel, Idea to block 28,000 phones, verify 20 lakh numbers
The Department of Telecom (DoT) has directed major telecom operators to block 28,200 mobile handsets allegedly linked to cyber crimes. This action is part of a collaborative effort with the Ministry of Home Affairs (MHA) and State Police to combat the misuse of telecom resources. The DoT has also instructed telecom companies to immediately reverify 20 lakh mobile connections. Measures such as the Chakshu portal and blocking of suspicious mobile numbers and IMEIs have been taken to combat telecom fraud.
"Rs 15,000 credited to a/c XXXXX9082": This 'bank message' could be a scam; how to identify, save money
Bank phishing scam: You may get an authentic looking SMS saying that a sum of money has been credited to your bank account. However before acting on this information, remember to verify the SMS sender's ID, as banks do not use a personal mobile number to send SMS. Banks have different sender ID like AD-ICICIT for ICICI Bank, etc.
DoT directs telcos to block 28,200 mobile handsets, re-verify 20 lakh mobile numbers
Collaborating with the Ministry of Home Affairs (MHA) and state police, DoT aims to combat the misuse of telecom resources in cybercrime and financial frauds, aiming to dismantle fraud networks and safeguard citizens from digital threats.
Biz, trade caught between cyber cops & banks
Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. Urging action from finance ministry, LEAs, police. I4C initiative tackles cybercrimes. Banks, LEAs face frozen funds challenges.
Money Mule Scam, a new fraud: How to spot and safeguard your money from fraudsters
Digital banking frauds: Mule Accounts are being used to launder money and what's worst is that legitimate Indians are lending their bank accounts and others for some incentive and helping in furthering this type of fraud. According to BioCatch, a Israeli company, Bhubaneswar has the largest concentration of this type of activity.
Navi Mumbai builder loses Rs 60 lakhs in online trap; Here's what happened
A cyber fraud incident unfolded in Navi Mumbai as a builder fell victim to an impersonation scam, resulting in the fraudulent transfer of Rs 60.6 lakh from his office. The cyber police station is probing into the case, and no arrest has been made so far.
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