Tag: #financialfraud
Rajasthan Police have dismantled a large cyber fraud network in Alwar, exposing a racket that sold mule accounts to criminals for laundering scam money. Six people were arrested in the latest raids, including four Axis Bank employees. With these arrests, the total number of accused in the case has risen to 16. Investigators estimate that […]
The Infosys McCamish data breach, stemming from a LockBit ransomware attack earlier this year, has exposed the personal information of over 6 million individuals. Infosys McCamish Systems (IMS), a multinational corporation specializing in business consulting and IT services for insurance and financial institutions, disclosed the wider impact of the incident in a recent notification to […]
Gurugram Police have successfully apprehended a cybercrime ring implicated in large-scale financial fraud exceeding ₹18 crore. This takedown underscores the pervasive threat of cybercrime and the necessity for robust cybersecurity measures. Modus Operandi of the Cybercrime Ring The investigation revealed a multifaceted approach employed by the perpetrators to defraud victims: Phone-Based Social Engineering: The group […]