cyber crime

Impact of the Cyber Crime in the Banking Industry

22 Jan 2025

In today’s Indian scenario, the banking sectors are rapidly utilizing Information Technology based services for their banking transactions/operations. The information technology used in businesses and payment transactions are channeled via the means of online facilities which caused serious threat, as a consequence, has been imposed on the safety and reliability...

Legal dimensions of the digital arrest

30 Nov 2024

With the rapid rise of digitalisation in India, cyber fraud has become increasingly common, and sophisticated, targeting individuals across all walks of life. Among the latest threats is the “Digital Arrest” scam, a scheme that manipulates fear to force victims into compliance. Typically, fraudsters impersonate law enforcement or government officials, using...

Police unresponsive and underprepared to deal with Cyber Crime

28 Oct 2024

The Delhi Police appears to be either underprepared or needs to be shaken up for cases dealing with cybercrime. This could also be true of other police organizations, and the reason why Delhi has been singled out is, because by and large, the Police in the national capital has always...

Lucknow Doctor Loses Rs 2.8 Crores To ‘Digital Arrest’ Scam

15 Aug 2024

On Wednesday, the Lucknow cyber crime branch filed a complaint after a doctor was swindled out of Rs 2.8 crores by scammers impersonating Central Bureau of Investigation (CBI) and Telecom Regulatory Authority of India (TRAI) officials. The victim, Ruchika Tandon, who was employed at the Sanjay Gandhi Post Graduate Institute...

Heist of the Year: Cyber Thieves Took Out 16 Crore from Nainital Bank’s Noida Branch – Know How They Did It

16 Jul 2024

In a major cyber heist, over ₹16 crore was stolen from Nainital Bank's Noida branch after its servers were hacked, and the money was transferred to 89 different accounts. Cybercriminals gained access to the bank's Real Time Gross Settlement (RTGS) channel by hacking the manager's login credentials, allowing them to...

Ex-Billionaire Sentenced to 7.5 Years for Defrauding Goldman, Google Investors

02 Jul 2024

A former Chicago billionaire has been sentenced to seven and a half years in prison for running a $1 billion fraud scheme at an advertising startup. This startup had big-name investors like Goldman Sachs, Google parent Alphabet Inc., and Illinois Governor JB Pritzker’s venture capital firm. Rishi Shah, 38, co-founded...

Beware: MHA Warns of Cyber Criminals Posing as Government Agents in Deceptive Schemes

14 May 2024

The Ministry of Home Affairs (MHA) has issued a cautionary advisory regarding cyber criminals engaging in deceptive tactics such as 'blackmail' and 'digital arrest,' while masquerading as officers from various government agencies. This alert comes amidst a surge in complaints reported on the National Cyber Crime Reporting Portal (NCRP) regarding...

Government warns of SBI Fake Bank and Stock trading app scam

22 Apr 2024

In the previous year, the government had warned the account holders of SBI against the fake SMS scam. Claiming to be from SBI’s channel, it asked the recipients to renew their PAN card. If they didn’t, they threatened to block their mobile app SBI YONO account. The PIB (govt.fact check...

Over 5,000 Indians in Cambodia forced to scam fellow Indians

01 Apr 2024

At least 5,000 Indian nationals are reportedly being held against their will in Cambodia and coerced into perpetrating online scams targeting individuals in India, with the total proceeds estimated at a staggering ₹500 crore over the past six months. Responding to these concerning developments, the governments of both countries have...

Surat police adopts AI to check cyber crimes

04 Feb 2024

The Surat police force has embraced Artificial Intelligence (AI) solutions to equip its personnel in countering cybercrime and meeting the cybersecurity needs of the public, as confirmed by a senior officer. According to Additional Commissioner of Police (ACP) Sharad Singhal, "AI is the new hot topic in this generation. It...

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