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Top 10 Daily Cybercrime Brief by FCRF [23.10.2024]: Click here to Know More

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Important global cybercrime news has been curated by Futurecrime Researchers to keep you informed about various types of digital fraud occurring worldwide and to provide insights into the best mitigation strategies. Read below to learn more in detail.

1. Himachal Launches First 24/7 Cybercrime Reporting Station

Himachal Pradesh CM Sukhvinder Singh Sukhu inaugurated a 24/7 cybercrime reporting station, ‘CY-Station,’ in Shimla to enhance cybercrime complaint handling, especially financial fraud. The station is equipped with advanced technology, linked to the National Cybercrime Reporting Portal, and aims to modernize police operations for better public safety and efficient service.

2. Cyber Crime Officials Probe Bank Employees’ Involvement in Fraud Surge

With rising cyber fraud cases involving ‘mule bank accounts,’ Telangana Police are investigating the role of bank officials in major scams. Despite awareness efforts, banks have failed to follow proper verification processes, leading to arrests. Brokers facilitate fraudulent account openings, paying commissions to account holders and, allegedly, to bank staff.

ALSO READ: Empanelment for Speakers, Trainers, and Cyber Security Experts Opens at Future Crime Research Foundation

3. Government and Fintech Companies Collaborate on Indigenous Anti-Fraud System

The government is partnering with fintech companies to create a new transaction monitoring and anti-money laundering system to combat financial fraud in India. This system aims to address issues like mule accounts, enable quicker recovery of defrauded funds, geotag transactions, and track suspicious banking correspondents, enhancing existing mechanisms.

4. Visakhapatnam DIG Issues Alert on Rising Cyber Fraud Threats

Visakhapatnam DIG Gopinath Jatti urged residents to stay alert against cyber fraudsters using tactics like fake parcel delivery delays, credit card offers, and KYC updates. He advised victims to report incidents through the toll-free numbers 1930 and 1800-11-4000 or via the cybercrime.gov.in portal for prompt action.

ALSO READ: FCRF and IEDUP Under MSME Department of Uttar Pradesh Sign MoU to Enhance Cybersecurity for Businesses

5. Goa Ranks Among Top 5 States for Financial Fraud Incidents

Goa ranks fifth in India for the percentage of financial fraud lien amounts, with a 30.46% success rate. Goa Cyber Cell’s strategic actions, including awareness campaigns, bank coordination, and training programs, have improved fraud response. Goa Police is collaborating with schools and colleges to enhance cyber safety awareness among students.

INTERNATIONAL

6. DHS Cyber Crimes Center Broadens Global Efforts to Tackle Transnational Cybercrime

The DHS Cyber Crimes Center is expanding globally with four new International Cyber Investigations Liaison positions in Canada, England, the Netherlands, and Australia. This move aims to enhance global collaboration against transnational cybercrime. The Cyber Crime Unit will provide advanced support, training, and technical solutions to combat evolving cyber threats.

7. Indian Expat in UAE to Be Deported After Conviction for Rs 4.52 Lakh Cybercrime

A 26-year-old Indian expatriate in the UAE faces deportation after being convicted of a cybercrime scam involving Dh 19,920 (Rs 4,57,820). He is appealing the decision, claiming innocence. The court found him guilty of deceiving a victim via Telegram, while his lawyer argues he had no criminal intent.

ALSO READ: FutureCrime Summit: Biggest Conference on Cyber Crimes Set to Return on February 13-14, 2025, in New Delhi

8. Budapest Convention vs. UN Cybercrime Treaty: A Comparative Analysis

This summer, UN Member States drafted their first international convention against cybercrime, raising questions about its relationship with the Budapest Convention, ratified by 76 countries. While the UN Convention awaits formal adoption, the Budapest Convention is legally binding, highlighting key differences in scope and membership between the two frameworks.

9. Nigeria Faces Annual Cybercrime Losses Exceeding $500 Million, Says EFCC Chair

EFCC Chairman Ola Olukoyede reported that global cybercrime losses could reach $10.5 trillion, with Nigeria alone losing $500 million in 2022. At a national summit, he emphasized the need for initiatives beyond arrests to combat cybercrime, announcing plans for a Cybercrime Research Centre to train 500 youths in cybersecurity.

10. Over 33,000 UK Residents Hacked in the Past Year

Action Fraud reports over 33,000 online account hacks in the UK last year, primarily due to phishing and social engineering tactics. Fraudsters often impersonate friends to obtain authentication codes. To combat this, Action Fraud advises using strong, unique passwords and enabling 2-Step Verification for added security.

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