Cybersecurity researchers have discovered a new phishing campaign that spreads a new fileless variant of known commercial malware called Remcos RAT.
An IAS officer has reported being defrauded of over Rs 1 crore by a purported investment advisor who had promised high returns on her investment.
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Kumar Utlasar, 50, a Bengaluru resident, was arrested by the cyber crime cell of Goa police in connection with an alleged high-value investment fraud worth Rs 2.3 crore.
Scammers are using- digital arrest threats via SMS, email, or WhatsApp, impersonating officials from agencies like the CBI to extort money. Victims are coerced into transferring large sums under false accusations of criminal activities, leaving them financially devastated.
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Cryptocurrency exchange M2 reported a cybersecurity incident involving $13.7 million on October 31. The firm stated that they responded to the incident within 30 minutes and were able to fully restore all customer funds, after taking “full responsibility for any potential losses.”
The growing menace of cybercrime, particularly digital arrests and online fraud, the Indian government has taken proactive measures to safeguard citizens.