Cyber Security News Updates

Scammers are exploiting the AePS to steal money without needing calls, OTPs, or fake links.

Researchers from CloudSEK reported a Vietnamese-led Android malware campaign targeting Indian users via fake WhatsApp traffic e-challan messages. The Wromba family malware has infected over 4,400 devices, causing Rs. 16 lakh in fraudulent transactions. It impersonates Parivahan Sewa and Karnataka Police to steal personal information and conduct financial fraud.

The criminals cleverly breached the victim’s Aadhaar details and fingerprints from the land documents.

The rise in online scams is impacting even iPhone users, prompting Apple to update its security guidelines.

The Odisha Crime Branch has busted a major gang involved in crypto and IPO investment fraud, arresting 15 individuals including two masterminds from Delhi.

Cyber fraudsters duped people across 24 Indian states, with Rs 2 crore frozen in an Odisha case. Five individuals were arrested for scamming a government official in Bhubaneswar using a fake courier scheme, claiming drugs were sent to Taiwan using his credentials. The accused operated fraudulent transactions across multiple states, involving over Rs 25 crores.

Approximately 50% of Indian organizations reported fraud during and post-pandemic, largely due to remote work transitions. Cyber incidents predominated these cases. Grant Thornton Bharat's survey indicates a significant shift towards enhancing cybersecurity and governance to combat this rise.

CERT-In has issued a warning about significant vulnerabilities in Google Chrome and SAP products that could allow attackers to execute arbitrary code or cause denial of service. Users are advised to install security updates to mitigate these risks.

RBI officials warn that financial frauds are evolving, with data leakage becoming rampant. At a PHDCCI event, they emphasized the importance of citizen awareness to combat these threats. Cybercrimes are expected to cost globally $17.65 trillion annually by 2025. Various fraud types like ATM and card skimming were discussed.

Nowadays, in the ever-growing digital era, users are more prone to cyber fraud.

The Bhubaneswar-Cuttack Police warned against scam calls from a Pakistani WhatsApp number, advising the public to be cautious and report such incidents. Scammers pose as officials to blackmail victims.

A report by McAfee reveals that 75% of Indians have encountered deepfake content, with concerns about its use in impersonating public figures and influencing elections. The survey included 7,000 consumers globally, highlighting issues like cyberbullying and fake news driven by AI.

The gang allegedly fleeced people on the Telegram messaging platform by promising a 20 per cent return on investments. They tricked their victims into transferring money into mule accounts. 

The report by the Fintech Association for Consumer Empowerment (FACE) shares insights from a customer survey conducted between December, 2023 and January, 2024 to systematically understand gaps in users' approaches and knowledge about Digital Lending Applications (DLAs) in India

Despite the chances of such content in affecting election results remaining low, China’s increasing experimentation in augmenting memes, videos, and audio will likely continue - and may prove more effective down the line.