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SEBI WARNS AGAINST THE RISING ‘BOSS SCAM’ CYBER FRAUD Why in the News? Regulatory Advisory: The Securities and Exchange Board of India (SEBI) has issued an advisory to regulated entities and listed companies warning them about the rising incidence of the ‘Boss Scam’, a sophisticated cyber fraud. AI-Driven Threat: Acting on inputs from the Indian …
Read MoreGOVERNMENT INTENSIFIES CRACKDOWN ON CYBERCRIME Why in the News? Major Cybercrime Review: The Government has reported significant progress in combating cyber financial fraud, preventing losses worth over ₹25,000 crore and expanding nationwide cybercrime response mechanisms through enhanced regional security cooperation and strategic partnerships. Technology-Driven Policing: New initiatives such as e-Zero FIR, cyber coordination centres, and …
Read MoreNCRB REPORT HIGHLIGHTS RISE IN CYBER CRIMES Why in the News? National Crime Records Bureau released crime statistics for 2024 showing an overall 6% decline in crime cases. However, cyber crimes increased by nearly 18%, emerging as a major internal security and governance concern. Key findings of the NCRB report Overall crime trend: Total registered …
Read MoreWhy in the News ? The CBI arrested four individuals from Mumbai and Moradabad for running a “digital arrest” scam. Cybercriminals extorted ₹7.67 crore from a victim by impersonating officials. The operation was part of ‘Chakra V,’ aimed at tackling cyber fraud networks. Operation Chakra V: CBI Cracks Down on Digital Arrest Scam : The …
Read MoreWhy in the news? The Indian Cyber Crime Coordination Centre (I4C) has blocked over 1,000 Skype IDs in collaboration with Microsoft. These IDs were used for blackmail, extortion, and impersonation of law enforcement officials. This measure was announced by the Union Home Ministry. A significant number of complaints were registered on the National Cyber Crime …
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