CYBER CRIME REPORTING
Meta India’s Arun Srinivas on CSAM, AI for small businesses and Muse’s India launch timeline
Meta India Managing Director Arun Srinivas discusses how harmful ads linked to child sexual abuse material slipped through Instagram's review process, the safety measures introduced since then and questions around accountability. In an interview with ET, he also talks about Muse AI's India launch timeline, how small businesses are using AI to create advertisements, Instagram's plans for creators and WhatsApp's growing ambitions in digital payments.
US-based NRI loses Rs 2.11 crore in forex trading fraud through fake Handtec Markets platform
A 41-year-old Non-Resident Indian (NRI) from Kunnathunadu, currently living in the US, has allegedly lost Rs 2.11 crore in an online forex trading fraud. The Ernakulam Rural Cyber Crime Police registered a case after the victim's friend filed a complaint. Police said the man was lured into investing through a fake trading platform promoted using Telegram links.
NCMEC urges India to avoid duplicate reporting of online child sexual abuse cases
The letter comes amid discussions following recent Supreme Court proceedings on the reporting and removal of child sexual exploitation and abuse material online. The court directed the government to strengthen the mechanisms for detecting and removing such material and reiterated that platforms must comply with reporting obligations under the Protection of Children from Sexual Offences Act.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
SC asks WhatsApp, others to list measures to prevent digital arrest, related cyber crimes
In an order uploaded on the website with regard to the hearing conducted on October 29 in a suo motu case titled 'In Re: Victims of Digital Arrest Related to Forged Documents', a bench headed by Chief Justice of India Surya Kant asked WhatsApp and like intermediaries to simultaneously submit their proposals to the I4C (Indian Cybercrime Coordination Centre).
Lost money to a UPI scam? The first 3 days could decide how much you can recover
In the blink of an eye, UPI scams can wipe out your bank savings, but there's hope for victims. The Reserve Bank of India stands ready to safeguard you against unauthorized transactions. Discover essential actions to take the moment fraud strikes, understand how liability is assessed, and find out what steps to take if your bank turns down your claim.
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SBI told to refund Rs 1.59 lakh with 9% interest after 68-year-old who never activated his ATM card lost money through multiple AePS transactions
The Rajkot District Consumer Disputes Redressal Commission has directed SBI to refund Rs 1,59,999 to a 68-year-old customer after unauthorised AePS withdrawals were reported from his savings account. The customer said he had never activated his ATM card or used digital banking. The bank must also pay 9% annual interest and Rs 10,000 towards litigation expenses.
22-year-old man turns Green Gas meter update into Rs 32 lakh scam; Lucknow resident loses fortune after downloading WhatsApp APK
Lucknow Cyber Crime Police have arrested a 22-year-old man from Dhanbad, Jharkhand, over an alleged fake Green Gas meter update app scam that reportedly caused a loss of Rs 32 lakh. Consumers were targeted through WhatsApp messages asking them to install a fraudulent APK file. Here is how the alleged fraud operated and what police recovered during the arrest.
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
Delhi Police files FIR against Meta India over child sexual abuse material on its platforms
In response to directives from the National Human Rights Commission, Delhi Police has launched an FIR against Meta India, concerning the alarming presence of Child Sexual Exploitation and Abuse Material on its platforms. This follows previous summons from the National Commission for Protection of Child Rights. As a proactive measure, Meta India is now coordinating with the Indian Cyber Crime Coordination Centre to report child safety violations.
SBI-led banking alliance comes together to mount a defence to AI threats
Indian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on improving coordination among banks and facilitating timely information sharing. Increasing digitalization has expanded the potential for cyberattacks, urging immediate measures to mitigate risks.
Central cyber security agency warns banks, NBFCs of AI attacks; I4C reveals how hackers are executing multi-crore frauds
I4C has warned banks, NBFCs and fintech firms about AI-powered cyberattacks that enable hackers to execute fraudulent transactions at machine speed. The agency has flagged multi-crore unauthorised fund transfers, urged financial institutions to strengthen API security and directed them to report cyber incidents to CERT-In and RBI within six hours.
OneStack raises Rs 12.5 crore to take cooperative banks deeper into UPI ecosystem
OneStack, a fintech provider, secured ₹12.5 crore funding to enhance cooperative bank participation in UPI payments. The funding will help expand services among cooperative banks and NBFCs while developing compliance offerings. Partner banks can now act as UPI issuers and acquirers, which improves revenue opportunities. This shift allows banks to maintain direct relationships with customers and merchants while managing transaction data.
'A trite provocation': North Korea denies involvement in $6 billion Binance hack, criticizes FBI probe
North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.
Government giving Rs 8,000 as diwali bonus? PIB responds to viral claim
The Press Information Bureau issued a warning about fraudulent WhatsApp messages claiming an Rs 8,000 Diwali bonus. These messages ask recipients to click on links to access a fake payment website. The messages aim to collect personal information and trick users into unauthorized transactions. Citizens are advised to verify such claims through official government websites and not to respond to suspicious messages.
Spandana Sphoorty Financial reports cyberattack involving its bank account
Spandana Sphoorty Financial encountered a cyber fraud incident with unauthorized transactions on November 1. The amount involved was approximately 78 million rupees, which was transferred to multiple beneficiary accounts. Upon detection, the company promptly stopped affected services and notified its bank. A request for reversal and account freezing was also made to the bank. Additionally, Spandana registered a complaint with the National Cyber Crime Reporting Portal.
North Korean hackers linked to crypto thefts among world's best, experts say
Blockchain investigation firms TRM Labs and Chainalysis attribute the heist to a North Korean hacking group known as "TraderTraitor," a name used in a 2022 joint warning from the FBI, CISA and US Treasury that described how hackers used malicious software and other tricks to target software developers and IT staff at cryptocurrency companies.
India urges UN to advance human rights through dialogue, cautions against political bias
India has called for genuine partnerships and equal treatment of human rights at the United Nations General Assembly. First Secretary Bhavika Mangalanandan highlighted the importance of international cooperation while opposing politicisation of human rights. Mangalanandan emphasized the need for balanced attention to all categories of rights, including economic and social rights. She also urged for adequate funding and effective coordination between Geneva and New York.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
Rs 98,000 curd: Bengaluru woman orders curd on blinkit, receives damaged packet, calls customer care number found online and loses Rs 98,000
A 56-year-old Bengaluru woman allegedly lost Rs 98,000 after ordering curd on Blinkit and finding the packet damaged. Her search for a customer care number led her to fraudsters posing as support representatives, who sent a WhatsApp link and guided her through a process that ended with money debited from her bank account.
Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant
Lulu Group email fraud: Kochi City Police have registered a case and launched an investigation into an alleged email impersonation fraud in which unidentified persons posing as representatives of an Italian company cheated Lulu Group of around Rs 1.64 crore. According to the FIR, the fraudsters sent fake invoices and bank details for gaming equipment payments, prompting the group to transfer 150,500 euros to accounts provided by them.
SBI data leak: Is your bank account safe? What was breached and should you worry?
SBI bank data breach: Country's largest bank, SBI, is investigating a suspected data leak involving nearly 4,000 customer records identified on the dark web. Here is what information was exposed, whether your bank account is safe and the precautions customers should take.
Multiple websites go offline after critical PHP security flaw; FBI urges immediate updates. Here's what you should do
In light of critical vulnerabilities discovered in PHP, numerous websites have been taken offline. The FBI has strongly recommended that organizations either update their PHP installations or disconnect vulnerable systems. Cybersecurity experts warn that these flaws pose a significant risk of data theft and cyberattacks. In response, website administrators are implementing urgent maintenance. Users are encouraged to exercise caution and adhere to online safety protocols.
Delhi Police strengthens security at Ramlila ground, sets up awareness kiosks for Ramlila events
Delhi Police has implemented robust security arrangements for the Ramlila events in West Delhi. The awareness campaign targets key issues such as women's safety and drug abuse among the youth. Police have set up CCTV surveillance systems and information kiosks to educate visitors effectively. Officers will arrive at venues ahead of performances to ensure public safety awareness. This initiative reflects the ongoing commitment to community engagement and crime prevention.
ED makes 6th arrest in pan-India digital arrest fraud case
The Enforcement Directorate has arrested Mukesh Kumar Pukhraj Jain in a significant money laundering investigation. This case involves a cyber fraud scheme worth Rs 30,000 crore across India. Jain allegedly facilitated bank transactions for the cyber criminal network as an RTGS agent. The investigation revealed connections to 400 bank accounts and extensive transactions linked to other cases.
Why border security force SSB is asking soldiers to stay away from unknown calls, OTP requests
The Sashastra Seema Bal has issued a cyber security advisory warning personnel about online honey traps, fake identities, suspicious video calls and financial fraud. The force has outlined precautions for protecting personal information and banking details, urged personnel to avoid unknown APK downloads and advised victims to report cybercrime through helpline 1930 or the government's reporting portal.
Govt seeks expedited development of AI tool to detect child sexual abuse material online
The issue came up for discussion during Union Minister for Women and Child Development Annpurna Devi's visit to the office of the National Commission for Protection of Child Rights (NCPCR) here.
'Earn 30% monthly': SBI warns how fraudsters can lure you with tempting offers and what you should do
Fraudulent investment schemes lure investors with the illusion of high returns and minimal risk. The State Bank of India (SBI) warns that scammers often apply undue pressure for quick investments, employing unusual payment methods to do so. These deceitful schemes are commonly endorsed by unknown social media influencers, giving them a false sense of credibility.
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