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Cybersecurity breaches top risk for India Inc, 51% leaders flag threat to business performance: FICCI-EY survey

Cyber fraud syndicate busted! Digital scams of over Rs 50 crore uncovered; raids conducted across 7 states
Delhi Police has busted an international cyber scam and extortion syndicate, arresting 10 individuals involved in frauds exceeding Rs 50 crore. The highly organized pan-India operation, with international links, used digital impersonation and phishing. The investigation is ongoing to ensure justice for victims.
WhatsApp scams: 1 crore Indian accounts banned per month; government flags cyberfraud concerns
Government is in talks with WhatsApp over a surge in banned Indian accounts and the misuse of local mobile numbers for online fraud. WhatsApp disables millions of accounts monthly, but authorities lack details on banned numbers, hindering efforts to track scams. This lack of transparency is a significant concern for national security.
Cybercrime surge: CBI flags Myanmar's ‘digital arrest’ rackets; chargesheet reveals slave compounds, cross-border control
Myanmar and its neighbors are now major hubs for digital arrest cyber-fraud networks, coercing trafficked Indians into running call-center scams. CBI investigations reveal extensive cross-border connections and foreign-controlled bank accounts used to collect victim funds, aligning with broader cyber-slavery network probes.
Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates
Financial fraudsters are increasingly targeting small business and current accounts to move illicit funds, a shift from previous reliance on retail and Jan Dhan accounts. Scammers are exploiting easy access to business PANs and fake Udhyam certificates to open these accounts, which are then used as mule accounts to obscure the trail of stolen money.
Cyber security rules: DoT withdraws duplicate notification; original telecom security amendments stay in force
The Department of Telecommunications has clarified that the amended Telecommunication Cyber Security (TCS) Rules, 2025, remain in force after a duplicate notification was withdrawn. These rules aim to combat cyber fraud by strengthening mobile number validation, scrutinizing the second-hand device market, and enhancing data-sharing norms for better traceability and accountability.
Cyber boost: Sebi partners with NFSU to build forensic muscle; pact to upgrade digital probes
The Securities and Exchange Board of India (Sebi) has partnered with the National Forensic Sciences University (NFSU) to boost its digital investigation capabilities. This collaboration will enhance Sebi's forensic infrastructure and train its officials in cyber security and digital forensics. NFSU will also provide consultancy for setting up specialized labs and jointly develop training programs and research initiatives.

Cyber breach: PwC flags $1 million hit for Indian firms; AI, cloud security budgets set to rise

Indian enterprises are facing significant financial losses from cyber breaches, with nearly a quarter experiencing over $1 million in damages in the last three years. Despite this, cybersecurity spending is set to increase, driven by a focus on AI and cloud security, though talent shortages remain a key challenge.

Kochi cyber fraud: 81-year-old doctor losses over Rs 1 crore to scammers — Here's how it happened

An 81-year-old doctor in Kochi was defrauded of Rs 1.3 crore by individuals posing as CBI officers. The scammers contacted the doctor via phone and video calls, falsely accusing him of criminal activity. They coerced him into transferring a large sum from his bank account. Authorities have registered a case and are working to recover the funds.

Bengaluru cyber fraud: Hackers target Dr Reddy’s Lab in scam attempt — How pharma company risked losing over Rs 2 crore

Dr Reddy’s Laboratories lost Rs 2.16 crore to fraudsters who infiltrated an email thread and rerouted a payment to a fake account. Hackers impersonated Group Pharmaceuticals officials, leading Dr Reddy's to transfer funds to a fraudulent bank account. Bengaluru police are investigating, having traced the initial account to Vadodara.

Online scam alert! Meta launches new safety features to safeguard older adults from cyber frauds — Here's what it will do

Meta is bolstering user protection against online fraud, especially for seniors, with new features across WhatsApp, Messenger, Facebook, and Instagram. These tools help identify scams, like screen-sharing alerts on WhatsApp and AI-powered message reviews in Messenger. Enhanced security includes passkey logins and privacy checkups, as Meta actively combats global scam networks targeting vulnerable users.

Hacking has an evil twin! What is vibe hacking? Here's how cyber frauds are misusing AI

Cybersecurity experts warn about a new AI era threat called vibe hacking. Criminals use AI tools like FraudGPT for sophisticated cyberattacks. These 'Evil LLMs' bypass safety measures and steal data. AI can now complete ransomware attacks 100 times faster. Experts urge AI developers to implement stronger safeguards against misuse. This marks a turning point in cybercrime.

Beware this festive season! Cyber criminals go personal with a new wave of frauds; here’s what you should know

Cyber fraud has surged by 40% this festive season, with AI tools enabling highly personalised and targeted attacks. Scammers exploit emotions through customised phishing links, malware in e-cards, and social engineering, making detection challenging. This rise in sophisticated, behaviour-based scams highlights GenAI's role in evolving cyber threats.