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Cyber Security News
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Beijing criticizes US as lawmakers signal intent to ban TikTok
- Beijing criticizes US for targeting TikTok, saying it has presented no evidence of the app being a threat to national security.
- Chinese officials have criticized the US for presuming guilt while targeting TikTok and have called for the US to stop suppressing foreign companies.
- Despite Beijing's criticism, US lawmakers push forward with legislation to ban TikTok in order to protect Americans from the technological tentacles of the Chinese Communist Party.
- China calls on the US to respect fair competition and stop suppressing foreign companies amid the TikTok controversy.
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KYC fraudster goes next level, sends free android phone to iPhone user; woman loses Rs 7 lakh
- A Mumbai woman was scammed out of ₹7 lakh while attempting to activate a credit card offered by a fraudster posing as a bank employee.
- The fraudster claimed that the credit card could only be activated using an Android device and sent the woman a free smartphone to complete the activation process.
- After using the phone to activate the card, the woman lost the money from her account, highlighting the importance of being cautious and verifying the legitimacy of any offers or requests for sensitive information.
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LinkedIn users targeted by 'sophisticated' recruitment fraud, says report
- Scammers are defrauding jobseekers on LinkedIn amid remote working and tech layoffs.
- Fake recruitment processes are being set up by scammers to obtain personal information from jobseekers.
- LinkedIn has noted that these attacks are becoming more sophisticated, with fake websites and phone numbers with professional operators being set up.
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Report predicts 'catastrophic cyber event' within next two years resembling an apocalypse
- The World Economic Forum Global Security Outlook Report 2023 warns that a catastrophic cyber attack is likely to happen in the next two years.
- The report states that 93% of cyber leaders and 86% of cyber business leaders predict this event, which would be unprecedented in scale.
- The recent Ukrainian military cyber attack that caused parts of Europe's electricity production to shut down is an example of the potential threat.
- Albania's PM Edi Rama warns of a cyberattack "apocalypse," comparing the cybercrime industry's growth to a virus like Covid-19.
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Cyber Fraud: Man attempts to recharge FASTag account, loses Rs 1 lakh
- A man from Udupi, Karnataka loses ₹99,997 in 5 transactions while trying to recharge his FASTag.
- He called a helpline number found on the internet, where a person claiming to be from 'Paytm FASTag' asked for an OTP.
- The police are working to trace the account where the money was transferred after the man was scammed while trying to recharge his FASTag.
- The KYC details from the bank will be used to identify the perpetrators once the account is located.
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Work-from-Home scam exposed: 30,000 people duped of Rs 200 cr, 3 arrested
- Three individuals have been arrested by Delhi Police for defrauding over 30,000 people in a work-from-home scam, resulting in a total loss of Rs 200 crore.
- Following the arrests, police discovered that the website used by the scammers was located in China and the financial transactions were made to companies based in Dubai.
- The police began investigating the case after receiving a complaint from a woman on September 26th of last year.
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Top nations affected by cyber breaches revealed
- Russia was the most cyber-breached country in 2022 according to a report by Surfshark.
- China, US, France, Indonesia, Brazil, India, Germany, Australia, and Turkey are other countries on the list.
- India saw a 94% decrease in email accounts breached in 2022, with 4.7 million email accounts being breached.
- The report was published by Swedish VPN services company Surfshark.
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ICC loses millions: World cricket governing body loses $2.5 mn in online scam: Reports
- The ICC lost $2.5 million in a cybercrime incident, according to a report. As per ESPNCricinfo, the phishing incident, which originated in the USA, occurred last year.
- The report stated that the scam used Business E-mail Compromise (BEC) to commit financial fraud, which the FBI calls 'one of the most financially damaging online crimes.'
- An investigation is ongoing as the ICC reported a cybercrime incident to a US law enforcement agency, without commenting on the matter.
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