North Korean hackers are reported to have stolen $1.3 billion in cryptocurrency this year, accounting for over half of the global total. These state-sponsored attacks highlight the increasing threat to the cryptocurrency industry and its need for enhanced security measures. The thefts are believed to fund North Korea’s weapons programs, evading international sanctions.
A man in Arizona was arrested for allegedly posing as an Uber driver and stealing over $300,000 in cryptocurrency from unsuspecting passengers. The sophisticated scam involved gaining access to victims’ phones under the guise of troubleshooting the ride-sharing app.
A young man in Ghaziabad, Uttar Pradesh, became the latest victim of an online dating scam, leaving him with a shocking ₹34,397 cafe bill after a date orchestrated by a woman he met on a matrimonial platform. This incident highlights the growing threat of online dating scams and underscores the importance of safety precautions.
A Jaipur-based gang orchestrated a sophisticated refund scam, defrauding the online fashion retailer Myntra of ₹1.1 crore. The scam involved bulk orders, COD payments, and false claims of product shortages and discrepancies, with most deliveries targeted to Bengaluru addresses.
Kamran Haider, a key member of a human trafficking ring that lured Indian men to Southeast Asia under the guise of employment and forced them into cybercrime, has been arrested in Hyderabad. The operation, involving a complex network, highlights the growing threat of human trafficking for online fraud.
The Reserve Bank of India (RBI) has launched MuleHunter.AI, an AI-powered system designed to combat the rising threat of online financial fraud by identifying and eliminating mule accounts – bank accounts used by criminals to launder stolen money. This innovative technology is already showing promising results in public sector banks, offering a significant advancement in the fight against cybercrime.
The Central Bureau of Investigation (CBI) launched a major crackdown on a transnational cyber fraud network, conducting searches across Delhi and Gurugram. The investigation, stemming from a Union Home Ministry complaint, revealed a sophisticated operation involving foreign actors and ‘mule accounts’ to launder millions. Incriminating evidence, including electronic devices and financial records, was seized, leading to arrests in a continuing fight against international cybercrime.
Mumbai Cyber Police have filed an FIR against a US-based man, Syed Shuja, for allegedly claiming he could hack Electronic Voting Machines (EVMs). The case follows a viral video showcasing Shuja’s claims and comes amidst allegations of EVM tampering during the Maharashtra Assembly Elections 2024. The Election Commission has firmly denied these claims, asserting the tamper-proof nature of EVMs.
A 26-year-old Mumbai woman fell victim to a sophisticated scam, losing ₹1.8 lakh after being tricked into believing she was under ‘digital arrest’. The fraudsters, impersonating Delhi Police officers, manipulated her through a video call, ultimately extorting money under false pretenses. This incident highlights the growing threat of such scams targeting young adults.
Federal prosecutors in Cleveland seized nearly $1 million in cryptocurrency linked to a scam that targeted an elderly man, highlighting the rise of sophisticated crypto fraud. The scammers, posing as Apple support, gained remote access to his computer and stole $408,000, laundering the money through Tether. This incident underscores the growing threat of cryptocurrency-related crimes.
