Top 10 Daily Cybercrime Brief by Future Crime Researchers [10.05.2024]: Bitcoin Fraud, Biden Signs REPORT Act, Cyber Attack on Hospitals and More

Tech Firm Administrators Arrested for Bitcoin Fraud Costs
Odisha’s Crime Department Cyber Crime Unit apprehended Sumit Kumar Das, Amiya Ranjan Satpathy, and Sidharth Satpathy for operating a cryptocurrency funding rip-off by means of PayInc and Fynpe. Victims have been lured by way of WhatsApp and Telegram, depositing over Rs 54.75 lakh. Nationwide complaints towards the accused spotlight an increase in such fraudulent schemes.

Karnataka Retired Engineer Swindled of Rs 1.6 Crore by Cyber Fraudsters
Fraudsters in Mangaluru duped a retired engineer of Rs 1.6 crore by posing as worldwide courier service workers. They claimed his bundle contained incriminating objects, demanding “warning cash” to avert an investigation. The sufferer paid, however the rip-off got here to mild when he confided in his daughter. The police are investigating the case.

Malappuram Police Seize 40,000 SIM Playing cards and 180 Telephones in Cyber Fraud Bust
Malappuram Police’s Cyber Crime Unit seized 40,000 SIM playing cards, 180 telephones, and biometric readers from Abdul Roshan, a key suspect in a web based rip-off. He allegedly used them to orchestrate cyber fraud, amassing fingerprints to activate SIMs. Investigations recommend the involvement of a number of people nationwide.

ALSO READ: Join the Movement: Future Crime Research Foundation Launches State Chapters to Build a Cyber-Safe India

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Arjun Bijlani Falls Sufferer to Cyber Fraud: Credit score Card Compromised
Cyber frauds are on the rise globally, with TV celebrities like Arjun Bijlani falling sufferer. Bijlani’s bank card was hacked, prompting him to alert followers on social media. Whereas the quantity misplaced stays undisclosed, he urges warning and expresses confidence in cybercrime authorities to apprehend the culprits.

West Bengal Cyber Fraudsters Nabbed for Rs 44.45 Lakh Rip-off
Delhi Police’s Cyber Cell arrests two people from West Bengal concerned in a fancy fraud scheme price Rs 44,45,436. Detected by means of 113 complaints on the Nationwide Cyber Crime Reporting Portal, Rakesh Kumar Shaw and Rashid Khan have been apprehended after a radical technical and monetary investigation, revealing over Rs 4 crore in fraudulent transactions.

INTERNATIONAL 

AI and On-line Gaming are among the many Threats to Kids
A DQ Institute research reveals 70% of kids confronted cyber threats in 2023. Kaspersky’s David Emm highlights the highest on-line dangers: kids’s financial institution playing cards, good residence gadgets, AI publicity, on-line gaming, and classy apps. Mother and father are urged to remain knowledgeable, monitor kids’s on-line actions, and educate them on cybersecurity measures, together with avoiding sharing private data and clicking on random hyperlinks.

ALSO READ: Join Future Crime Research Foundation’s Webinar on ‘AML (Money Laundering), CFT (Terror Financing) & Regulatory Compliances’.

Israel’s Financial system Suffers Billions in Losses Resulting from Cyber Assaults
Israel’s Nationwide Cyber Directorate experiences an annual $3.3 billion financial loss from cyber assaults. Investing in primary safety measures might cut back assault dangers by 30–50%. Evaluation consists of short-term response prices, direct monetary losses, and medium-long-term impacts like repute harm. The chief economist urges coverage selections and nationwide funding in cybersecurity.

Biden Indicators Blackburn’s Bipartisan Invoice to Modernize Reporting of Cyber Crimes In opposition to Kids
President Biden indicators the bipartisan REPORT Act, sponsored by Senators Blackburn and Ossoff, aiming to reinforce reporting of on-line little one exploitation by tech corporations. The legislation mandates reporting of crimes towards kids, will increase penalties for non-compliance, and extends the period of proof preservation, supported by numerous organizations for little one safety.

UK Ministry of Defence Information Breach: Armed Forces’ Private Particulars Accessed in Hack
The UK’s Ministry of Defence’s payroll system, containing private particulars of armed forces members, is hacked. It consists of names, financial institution particulars, and a few addresses. The MoD has taken it offline, investigating the breach. Protection Secretary Grant Shapps will tackle Parliament amid considerations over rising cyber threats from hostile states and non-state actors.

Ascension St. Vincent Hospitals in Indiana Affected by Nationwide Cyberattack
Ascension St. Vincent hospitals in Indiana face a cyberattack affecting operations nationwide. Suspicious exercise is detected, prompting quick investigation and remediation efforts. Affected person appointments proceed except notified in any other case. Hospital networks nationwide, together with Neighborhood Well being and IU Well being, have confronted comparable breaches. Cyber assaults on hospitals have surged, making them prime targets.