CYBERCRIMINALS
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.
AI turns cyber threat into boardroom crisis
In India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s digital certificate keys exposed websites to potential attacks.
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.
From SBI to Binance, how financial institutions are becoming cyberattack targets
Recent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put the spotlight on the issue. While Binance reported a security breach involving unauthorised cryptocurrency withdrawals estimated at around $6.3 billion, SBI is investigating a suspected data leak involving nearly 3,900 customer records.
Kaspersky flags QR code payment scams as a key cyber risk for Indians travelling to Indonesia
As more Indian tourists move to Indonesia, Kaspersky's cybersecurity experts are sounding the alarm on rising online threats. They point out that travellers should be particularly careful about things like fake QR codes and phishing attacks, which are becoming more common. It's crucial for tourists to stay vigilant to protect themselves from these digital dangers.
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Binance’s $6.3 billion hack dwarfs Bybit's $ 1.5 billion breach: Is cryptocurrency theft getting bigger?
Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange temporarily suspended withdrawals while assessing their security systems. Hackers allegedly linked to North Korea have raised concerns about the effectiveness of security measures in cryptocurrency exchanges. Investigators are working to trace the stolen funds and recover as many assets as possible.
Smart fridge, security camera, video doorbell, router, car, thermostat: Everyday devices hackers can exploit and how to protect them
Cyberattacks involving supermarket refrigerators and freezers have raised concerns about the security of everyday internet-connected devices. From smart appliances and security cameras to routers, thermostats and connected cars, several products could be vulnerable to hacking. Here is what cybercriminals could do after accessing these devices and the precautions users can take to protect themselves.
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?
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
AI helped drive a doubling of the number of digital flaws discovered year-on-year, according to research due to be published in the coming days by VulnCheck, a Massachusetts-based threat intelligence firm.
Cyber Fraud Alert: Man loses Rs 5.85 lakh after opening fake wedding invitation sent on WhatsApp
A businessman in India lost Rs 5.85 lakh after opening a malicious APK file disguised as a wedding invitation. The victim opened the file received through WhatsApp, which compromised his smartphone without his awareness. Subsequently, unauthorized transactions began to occur from his bank account, leading to significant financial loss for him. Investigators are now looking into the circulation of malware through WhatsApp among victims.
What eMudhra security incident means for anyone who shops, banks or pays online
The eMudhra security incident raised concerns that cybercriminals could potentially use weak private keys to create fake website certificates and impersonate legitimate platforms. Here’s how such an attack could put users’ personal and payment details at risk, and what is known about the incident so far.
Cybercriminals used AI agents to target over 400 Latin American banks: Report
The system, called CARLIY0S, was allegedly developed by a cybercrime group known as CyberCartel to achieve scale by automating different stages of attacks, including analysing targets, identifying vulnerabilities and developing ways to break into systems.
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.
MHA warns of fake welfare scheme ads using deepfake videos of PM Modi, CMs and ministers
The Ministry of Home Affairs has issued a warning concerning increasing financial frauds through deepfake videos. These scams involve fraudulent advertisements impersonating political leaders like Prime Minister Narendra Modi and Union minister Nirmala Sitharaman. Victims often receive calls from international numbers claiming they have won welfare benefits or cashback rewards. They are led to make repeated payments before receiving any promised funds or rewards.
Are your WhatsApp chats being read by someone else? Steps to check linked devices and make your account more secure
Your entire list of WhatsApp chats could remain accessible on an old laptop, shared computer or an unfamiliar device that is linked to your account. Learn how to check Linked Devices, remove suspicious sessions and protect your private messages, photos and documents using two-step verification, biometric locks and other security measures.
How one hacker used AI agents and a few thousand dollars to break into scores of sites
A cybersecurity researcher observed a Chinese-speaking hacker employing AI to compromise various companies' websites. The hacker utilised an AI platform called Cairn, automating complex intrusion activities without human supervision. This hacking campaign targeted over 1,200 sites, with successful intrusions taking around 23 hours on average.
AI agents breach Indian firms’ systems, roam undetected for days, CERT-In warns
Indian Computer Emergency Response Team reported that AI agents attacked local organizations for unauthorized access and financial gain. These breaches were undetected for several days and exploited security weaknesses in ICT systems. Cybercriminals also used open-source AI tools to enhance their attacks during the same time. Concerns about cyber threats have grown globally, leading to a state of emergency in Japan.
Hidden recorder, chatbot prompts and an FBI arrest: Inside the OpenAI spying case
Abdulrahman Alfozan, an engineer at OpenAI, was arrested for allegedly planting a recording device in an executive meeting room. The device, discovered on September 30, was found concealed in toilet paper and connected to a USB port. CCTV footage showed Alfozan near the room prior to the device’s discovery, despite lacking authorisation.
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.
Explained: How OpenAI traced listening bug to Saudi employee now in FBI custody
On October 13, Abdulrahman Alfozan, a Saudi national, was charged for allegedly hiding a recording device at OpenAI. Discovered by staff in the executive conference room, the device was wrapped in toilet paper and concealed within a USB port. Reportedly, Alfozan used AI to strategize the placement of the device.
Who is Abdulrahman Alfozan? ChatGPT maker OpenAI's Saudi national employee arrested by FBI for planting high tech listening device in San Francisco office
OpenAI's security team found the device late last month at ChatGPT maker's office and the employee, Saudi national Abdulrahman Alfozan, was arrested on October 9, the US Justice Department said.
France supermarket cyberattack: How hackers turned fridges into furnaces at 122 degrees and what it reveals about connected devices
A cyberattack on French supermarket chains reportedly manipulated connected refrigeration systems, forcing some units to heat up to 50°C. The incident affected hundreds of stores, caused food losses and was linked to reports of fires. French authorities are investigating how hackers accessed the systems and whether other countries were affected.
AI boom will need bigger telecom ‘pipes’; spectrum still a hurdle: COAI chief
Chief Dr SP Kochhar said the industry remains concerned about the scale of investments required, particularly as operators continue to look for viable ways to monetise 5G.
South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals
Nine South Korean banks and two mega-churches are probing cyberattacks that may have involved AI tools, while Japanese companies including Daiwa Securities, SoftBank Corp and the Lawson convenience store chain have been hit by a recent surge in cyber incidents.
‘India moved from consumer to creator’: PM Modi urges GSMA, telecom firms to build mechanism against cross-border fraud
Prime Minister Narendra Modi called for global collaboration to address rising cross-border cybercrime during the 10th India Mobile Congress. He emphasized the importance of trust in digital services for their wider adoption and use. Modi proposed establishing a mechanism through GSMA and telecom operators to combat digital fraud effectively. India expressed readiness to share its experiences in tackling cyber threats with other nations.
PM Modi urges global telecom industry to build system to stop cyber fraud before it reaches users
Prime Minister Narendra Modi emphasized the need for a global effort against cross-border cybercrime during the India Mobile Congress. He also outlined India's ambitions in telecom by advancing product design, technology, and intellectual property ownership. India has made significant progress in 5G connectivity and mobile internet speeds. The government aims to connect millions of students through digital learning platforms.
Twitter cofounder Jack Dorsey's app Bitchat removed by Apple in India
Apple has removed Jack Dorsey-backed offline messaging app Bitchat from its India App Store following a government takedown order under Section 69A of the IT Act.
AI major cybersecurity challenge, but also offers tools for defenders: Thales Chairman
Artificial Intelligence has significantly changed the speed and nature of cyberattacks, creating challenges for cybersecurity. Companies now face threats not only from cybercriminals but also from state actors targeting critical systems. Thales executives emphasized the need for integrated cybersecurity strategies to address growing complexities and vulnerabilities. New AI-powered solutions and partnerships aim to enhance protection against evolving cyber threats effectively.
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