The advent of Artificial Intelligence (AI) has strengthen the fraud activities, as over 52 per cent of companies in India have seen an increase in losses from fraud attacks in the past 12 months (1 Year), according to the data and technology firm Experian.
Over the past five years, around 1.8 million women in Pakistan have fallen victim to cybercrimes, yet conviction rates remain critically low. An investigation by Hum English News highlights alarming trends in online harassment and fraud, revealing that 96 per cent of women who sought legal h
The Department of Telecommunications (DoT) has undertaken various initiatives to prevent the misuse of telecom resources for cybercrime and financial fraud. Fraudsters are deploying various tactics to misuse telecom resources, said a press statement from the Ministry of Communications.
The Cyber Crime Unit of the Pimpri Chinchwad Police has claimed to have busted an inter-state cyber fraud racket with the arrest of six individuals, the police said.
Madhya Pradesh Women and Child Development Minister Nirmala Bhuria inaugurated a one-day workshop of the ninth National Cyber Psychology Conference in Bhopal on Wednesday.
The official further added that the cyber frauds posed themselves as officials of the Mumbai Cyber Crime Wing and the Enforcement Directorate (ED) and extorted money from the BSF officer by executing various transactions throughout December, starting on December 2.
Reacting to the Mahila Samman Yojna, Bharatiya Janata Party (BJP) leader Parvesh Verma on Saturday said that the scheme has not been passed by the Delhi government and also there is no budget provision for the same.
The total monetary loss in the cyber fraud cases has been estimated at Rs 125 crore. So far, 21 individuals have been arrested by the Gurugram Police in connection with these crimes.
Delhi Police has arrested a 21-year-old cyber fraudster from Kolkata and seized five mobile phones, one laptop, five cheque books, 20 debit cards, one passbook and 03 stamps of proprietorships, officials said on Thursday.
Scindia emphasised the efforts of the Home Ministry in setting up a network to tackle cyber fraud which had helped to prevent fraud worth Rs 4,000 crore. He also said that the telecom sector has established an app to tackle fraud, leading to the disconnection of 2.75 lakh phone numbers.
CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India.
The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case.