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Category: Cybersecurity & CyberSurvellience

  • Indian IT Firm Coforge Faces Legal Trouble Over Rs 92 Crore Dispute

    The Indian IT company has notified the National Stock Exchange (NSE) about a potential claim of $4,276,800 related to demands from additional claimants with whom the company has yet to reach a preliminary agreement. According to the Regulation 30 Disclosure, the company, along with its material subsidiary Coforge Inc., has received a notice of indemnification from a North American client. In this context, the company has now received an additional indemnification notice from the same client.

    ALSO READ: FCRF Launches ‘Cyber Safe Uttar Pradesh’ Initiative to Combat Rising Cyber Crime

    Coforge stated that the total claims and the anticipated financial impact from the previously disclosed class action suits remain uncertain at this time. The company is currently consulting with its offshore legal counsel regarding the indemnity notice. Additionally, Coforge indicated that it plans to reject the client’s demands related to arbitration claims, asserting that the amounts in question are not reasonably subject to indemnification. In its filing, the company confirmed that it is not currently engaged in any litigation or arbitration proceedings, and no legal actions have been initiated against it by any tribunal, court, or agency.

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  • Top 10 Daily Cybercrime Brief by FCRF [10.08.2024]: Click here to Know More

    Important global cybercrime news has been curated by Futurecrime Researchers to keep you informed about various types of digital fraud occurring worldwide and to provide insights into the best mitigation strategies. Read below to learn more in detail.

    1. TN police issue warning about cyber enslavement scam
    Tamil Nadu cybercrime police warn against fake overseas job offers leading to cyber slavery. Victims are lured to Southeast Asia on tourist visas, then coerced into digital scams after their passports are confiscated. Over 39,000 Indians, including 1,285 from Tamil Nadu, remain unreturned. Authorities urge caution and reporting of suspicious activities.

    2. India brings back over 1,600 citizens from Southeast Asia amid concerns of cyber trafficking
    External Affairs Minister S. Jaishankar informed the Lok Sabha that the government has repatriated over 1,600 Indians from Southeast Asia due to cyber trafficking concerns. He emphasized strict action against illegal recruiting agencies and discussed the issue with Southeast Asian leaders to ensure the rescue and relief of affected Indian nationals.

    3. Cybercriminals impersonate IAS officers to scam people in Madhya Pradesh
    Cybercriminals in Madhya Pradesh are impersonating IAS officers by creating fake social media and WhatsApp accounts using their names and photos. They send distress messages to colleagues and relatives, requesting money. At least one victim has transferred Rs 25,000. police are investigating the scam and have issued public advisories.

    4. Cybercrime alert! Fraudsters siphon off Rs 40 crore from IndusInd Bank to fake accounts
    In a cyber heist, fraudsters transferred Rs 40 crore from IndusInd Bank clients to mule accounts. Maharashtra Cyber Crime division swiftly recovered Rs 33 crore, returning it to its rightful owners. The remaining Rs 7 crore is still missing. An FIR is being registered, and the investigation is ongoing.

    ALSO READ: FutureCrime Summit: Biggest Conference on Cyber Crimes Set to Return in February 2025

    5. 70% of cybercrime victims in Telangana are educated
    In Telangana, 70% of cybercrime victims are educated, with 56% working in private sectors, including IT. During the “Great AppSec Hackathon-2024,” officials emphasized the need for stronger cybersecurity, citing a recent police hacking incident. Telangana’s proactive measures have refunded Rs 90 crore to victims and frozen Rs 150 crore in fraudulent accounts.

    INTERNATIONAL

    6. Iranian agents attempting to sway US elections through fake news and cyberattacks, says Microsoft
    Microsoft researchers revealed that Iran-linked hackers attempted to breach a high-ranking US presidential campaign official’s account in June as part of broader efforts to influence the upcoming US election. Iranian groups also launched covert AI-driven news sites targeting US voters. Iran denies involvement, claiming its cyber capabilities are defensive.

    7. White House developing cyber insurance policy for ‘catastrophic’ incidents
    The White House is developing a policy on cyber insurance for catastrophic incidents, working with the Treasury and CISA. The policy, expected by year’s end, aims to manage risk and stabilize insurance markets. The initiative addresses gaps in the insurance market’s ability to respond to major cyber events.

    ALSO READ: WhatsApp, Facebook, Telegram: The New Hunting Grounds for Stock Market Scammers

    8. UN approves its first treaty aimed at combating cybercrime
    The UN approved its first cybercrime treaty after three years of negotiations. While hailed as a “landmark convention” for combating cybercrime, critics, including human rights activists and tech companies, warn it could enable global surveillance and repression. Despite opposition, the treaty will advance to the General Assembly for adoption.

    9. New Android Banking Trojan BingoMod Hijacks Funds and Erases Devices
    Researchers have discovered BingoMod, a new Android remote access trojan (RAT) that facilitates fraudulent money transfers and wipes compromised devices to erase evidence. Discovered by Cleafy in May 2024, BingoMod employs real-time screen control, code obfuscation, and phishing techniques, with suspected ties to Romanian-speaking threat actors.

    10. Experts discover critical AWS vulnerabilities leading to RCE, data theft, and full-service takeovers
    Cybersecurity researchers discovered critical vulnerabilities in Amazon Web Services (AWS) that could lead to remote code execution, data theft, and account takeover. The attack, dubbed “Bucket Monopoly,” exploits a flaw in AWS S3 bucket naming conventions, allowing attackers to gain covert access and escalate privileges. Amazon addressed these issues by mid-2024.

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  • 67,000 Cyber Complaints Registered Daily on National Helpline Number 1930

    New Delhi – In a stark indicator of the alarming rise in cybercrimes across the country, the National Cybercrime Helpline number 1930, managed by the Indian Cyber Crime Coordination Centre (I4C), is now handling an astonishing 67,000 calls every day. This staggering figure highlights the sheer volume of cyber incidents that citizens are grappling with, from financial frauds to identity thefts and more.

    The increase in daily calls to the helpline paints a concerning picture of the digital threats that have become a pervasive part of everyday life in India. The helpline, which serves as a lifeline for victims of cybercrime, has seen an unprecedented surge in calls, reflecting both the growing awareness of the service and the escalating cyber threats targeting individuals and businesses alike.

    Cyber Dost's X Post

    Cyber Dost’s X Post

    The sharp rise in calls to the 1930 helpline underscores the widespread impact of cybercrime in the country. The helpline is a crucial part of the government’s efforts to combat cyber fraud, enabling victims to report incidents quickly, which is often key to preventing further financial loss. The fact that 67,000 calls are being made daily suggests that cybercriminals are becoming increasingly bold and sophisticated, exploiting the growing digitalization of services and transactions.

    Techie Couple Scammed Out of Rs 1.5 Crore; Know How Police Recovered Rs 1.4 Crore from 50 Account

    In response to the surge in cybercrime, the Ministry of Home Affairs has rolled out several initiatives under the I4C:

    1. Cybercrime Reporting Portal: The [National Cybercrime Reporting Portal](https://cybercrime.gov.in) has been a cornerstone in the fight against cybercrime, allowing citizens to report incidents online. With over 30 lakh complaints lodged, the portal has been instrumental in preventing further victimization.

    2. Financial Fraud Reporting System: This system, launched under I4C, has already helped prevent over Rs 2,400 crores from falling into the hands of fraudsters by enabling rapid reporting and response to financial crimes.

    3. Cyber Hygiene and Awareness Campaigns: The government has been proactive in spreading awareness about cyber hygiene through various channels, including social media, radio campaigns, and even laser displays at heritage sites like Qutub Minar. These efforts aim to educate the public on how to protect themselves from cyber threats.

    4. Capacity Building: Recognizing the importance of equipping law enforcement and the public with the necessary skills to combat cybercrime, I4C has conducted extensive training programs, including sessions for 35,000 NCC cadets and thousands of government officials.

    The surge in calls to the cybercrime helpline is a wake-up call for all stakeholders—citizens, businesses, and government agencies—to take cybersecurity seriously. As the digital landscape continues to expand, so do the opportunities for cybercriminals. The high volume of calls is a testament to the scale of the problem and the urgent need for continued vigilance and proactive measures to safeguard against these threats.

    For those affected or to report any suspicious activity, the government urges citizens to make use of the 1930 helpline and the cybercrime reporting portal to seek assistance and prevent further damage.

    The shocking volume of calls serves as a reminder that in this digital age, cybersecurity is not just an IT issue, but a critical aspect of personal and national security.

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  • NTR Police Lead Cyber Commandos and Student Soldiers in Vijayawada March to Combat Rising Online Threats

    Vijayawada – In a bid to tackle the surging cybercrime incidents across the state, the NTR Commissionerate Police in Vijayawada has initiated a comprehensive awareness program. This initiative aims to educate the public on the growing threats of cybercrime and the preventive measures they can adopt.

    The program was inaugurated by the State Home Minister, Mrs. Vangalapudi Anitha, who graced the event as the Chief Guest. The event commenced with a large-scale walkathon from Indira Gandhi Municipal Stadium to Benz Circle, where participants formed a human chain to symbolize unity against cybercrime. The walkathon included around 200 trained constables, designated as Cyber Commandos, and 2000 student volunteers, referred to as Cyber Soldiers, under their command. Their mission is to spread awareness among citizens about the dangers of cybercrime and how to protect themselves.

    The launch also featured the unveiling of a simulated mobile application designed to demonstrate how cybercrimes are typically executed. This practical tool is intended to help the public understand the nuances of online threats, including phishing, identity theft, and financial fraud, and how to avoid falling victim to such scams.

    Techie Couple Scammed Out of Rs 1.5 Crore; Know How Police Recovered Rs 1.4 Crore from 50 Account

    Prominent figures such as Vijayawada East MLA Gadde Rammohan Rao, Vijayawada Central MLA Bonda Umamaheswara Rao, NTR District Police Commissioner SV Rajasekhar Babu, and other key officials, including the District Collector and Municipal Commissioner, attended the event. Commissioner Babu emphasized the importance of immediate reporting of cybercrimes and encouraged citizens to use the dedicated cybercrime helplines and online portals to seek assistance.

    This initiative comes at a crucial time as cybercrimes have been on the rise. In 2023 alone, Andhra Pradesh witnessed a significant number of cybercrime cases, highlighting the need for proactive measures such as this awareness program. The police have urged the public to stay vigilant and report any suspicious online activities immediately.

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  • Top 10 Daily Cybercrime Brief by FCRF [09.08.2024]: Click here to Know More

    Important global cybercrime news has been curated by Futurecrime Researchers to keep you informed about various types of digital fraud occurring worldwide and to provide insights into the best mitigation strategies. Read below to learn more in detail.

    1. Nagpur Police Chief Launches “Cyber Club” to Tackle Online Crime
    Nagpur Police Commissioner Dr. Ravindrakumar Singal inaugurated the “Cyber Club” at Ramdeobaba College to raise cyber awareness among students and prevent online fraud. The club will establish committees in schools and colleges, promote cyber safety, and facilitate swift reporting of cybercrimes. The initiative aims to protect youth from digital threats.

    2. Kerala Bishop Scammed of Rs 15 Lakh by Online Fraudsters, FIR Registered
    A Kerala bishop was defrauded of Rs 15 lakh by cybercriminals posing as CBI officers investigating a money laundering case linked to Naresh Goyal. The fraudsters convinced him to transfer funds to a “secret service account.” Realizing the scam, the bishop filed a police complaint to warn others

    3. Two cybercriminals arrested in Rajasthan
    Two Beawar natives, Nanda Kishore and Deepak Vaishnav, were arrested by Telangana Cyber Security Bureau for financial fraud. They lured a victim, Gajengi Sathaiah, into investing in the stock market through a fake company and WhatsApp group, promising high returns. The fraudulent company was found to be nonexistent.

    4. Ludhiana: Ex-Bank Manager Scammed Out of Rs 10 Lakh in Online Fraud
    A retired Punjab National Bank manager, Bhupinder Kumar Vij, lost Rs 10 lakh in cyber fraud after clicking a malicious Facebook link and sharing his phone screen with the scammer. The fraudster transferred the money, including an Rs 8 lakh loan approved without verification, from Vij’s account. An FIR has been lodged, and police are investigating.

    OTHER DEVELOPMENTS : Jharkhand CID Dismantles International Cyber Slavery Network

    5. Cybercriminals Embezzling Rs 100 Crore Daily Nationwide, Rs 30L from City: CP Singal
    Nagpur Police Commissioner Ravinder Singal revealed that cyber criminals in India siphon off Rs 100 crore daily, with Nagpur losing Rs 30 lakhs each day. During the launch of Nagpur’s first “cyber club,” Singal emphasized proactive awareness to combat cybercrime, highlighting the club’s role in aiding victims and preventing crimes like sextortion. The initiative aims to establish cyber clubs in every educational institution.

    INTERNATIONAL

    6. UN Endorses Groundbreaking Cybercrime Treaty Amid Surveillance, Human Rights Worries
    The UN approved its first treaty against cybercrime, despite concerns from human rights activists and tech companies about potential global surveillance. The treaty aims to combat cybercrime, including child abuse imagery and money laundering, but critics warn it could be used for repression. It now awaits formal adoption by the General Assembly.

    7. CyberSecurity Malaysia Introduces Digital Resilience Initiative
    CyberSecurity Malaysia launched its Digital Resilience Program, developed with a leading cyber risk advisory firm, to enhance cybersecurity for large corporations, SMEs, and individuals. The program offers solutions like cyber takaful and risk management to tackle evolving digital threats. A forum featuring industry experts marked the program’s preview, highlighting its importance for safeguarding sensitive data and digital assets.

    ALSO READ: Zero Tolerance: Police Commissioner Laxmi Singh Fires SI, Transfers DCP, SHO in Bribery Case

    8. North Korean Cyber Espionage Group Targets University Academics
    North Korea-linked hacking group Kimsuky targeted university staff, researchers, and professors with spear-phishing attacks for intelligence gathering. Using the Green Dinosaur web shell and fake login pages for universities and Naver, they aimed to steal credentials. The attacks also involved phishing emails via a custom tool called SendMail. Multi-factor authentication is recommended to counteract these threats.

    9. Interpol Cracks Down on Major Business Email Fraud and Recovers Over $40 Million
    Interpol recovered over $40 million from a business email compromise (BEC) scam that targeted a Singapore-based firm, highlighting the threat of email-based fraud. Using the Global Rapid Intervention of Payments (I-GRIP) system, authorities quickly traced and frozen the stolen funds, arresting suspects in Timor Leste.

    10. A Phishing phishing attack exploits Google Drawings and WhatsApp Short URLs
    Researchers have uncovered a phishing scheme using Google Drawings and shortened WhatsApp links to trick users into revealing sensitive information. The campaign directs victims to a fake Amazon login page via obfuscated URLs, leveraging trusted services to bypass security measures. Meanwhile, a Microsoft 365 loophole may further expose users to phishing risks.

  • ED Registers 5,297 Money Laundering Cases in a Decade, But Only 43 Trials Completed

    The Enforcement Directorate (ED) has registered 5,297 cases related to money laundering across India over the past decade, but only 43 of these cases have reached trial completion, according to a report presented by the central agency to Parliament.

    Among the 43 cases that concluded trials under the Prevention of Money Laundering Act (PMLA), convictions were secured in 40 instances, while three resulted in acquittals, leading to a conviction rate of 93%. During the same timeframe, the ED also filed 8,719 cases under the Unlawful Activities (Prevention) Act (UAPA), an anti-terrorism law.

    Of the UAPA cases, trials were concluded in 789 instances, with 222 resulting in convictions and 567 in acquittals, translating to a conviction rate of 28.13%.

    ALSO READ: FutureCrime Summit: Biggest Conference on Cyber Crimes Set to Return in February 2025

    The highest number of PMLA cases were recorded in 2021 and 2022, with 1,166 and 1,074 cases, respectively. The data also revealed that in 2014, there were 195 cases registered, followed by 148 in 2015 and 170 in 2016. The figures slightly increased to 171 in 2017. In 2020, during the initial wave of the COVID-19 pandemic, there was a notable surge to 708 cases, up from 188 in 2019. The peak year was 2021, with 1,166 cases.

    More than half of the cases registered in the last decade occurred between 2021 and 2023. By 2024, amid the ongoing general elections, 397 cases had been registered, with one acquittal and nine convictions.

    ALSO READ: WhatsApp, Facebook, Telegram: The New Hunting Grounds for Stock Market Scammers

    Delhi recorded the highest number of arrests under the PMLA since 2016, with a total of 90 arrests, including 36 in 2024 alone. Among those arrested is Chief Minister Arvind Kejriwal. Maharashtra followed with 43 arrests, West Bengal with 42, and Rajasthan with 24.

    Several states and union territories, including Andhra Pradesh, Arunachal Pradesh, Assam, Goa, Gujarat, Himachal Pradesh, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Ladakh, Lakshadweep, and Puducherry, have not seen any arrests under the PMLA.

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  • FutureCrime Summit: Biggest Conference on Cyber Crimes Set to Return in February 2025

    NEW DELHI — Following the tremendous success of the inaugural FutureCrime Summit in 2024, the much-anticipated second edition is set to take place on February 10-11, 2025, in New Delhi. This international conference and expo, recognized as a leading event in the digital crime and financial fraud prevention space, is poised to bring together the brightest minds and the most innovative solutions from around the world.

    A Platform for Global Convergence on Security & Digital Forensics Innovations

    The FutureCrime Summit 2025 is designed to be an unparalleled gathering where cutting-edge ideas, pioneering technologies, and expert insights converge. The summit is expected to draw a diverse audience of digital forensics experts, law enforcement officials, policymakers, and industry leaders, all united by a common goal: to advance the global fight against cybercrime, digital threats, and financial fraud.

    This year’s summit promises to build on the foundation laid by its predecessor, offering an expanded agenda that addresses the most pressing challenges in the digital world. With online threats evolving at an unprecedented pace, the need for collaborative efforts and innovative solutions has never been more critical.

    Exploring the Future of Digital Crime and Law Enforcement

    One of the key themes of the FutureCrime Summit 2025 is the exploration of how emerging technologies are reshaping the landscape of digital crime and law enforcement. As the digital frontier continues to expand, so too do the complexities and risks associated with it.

    Focus on New Criminal Laws and Cyber Forensics  

    The FutureCrime Summit 2025 will prominently feature discussions on the latest developments in criminal law, including the implications of new legislation Bharatiya Nagarik Suraksha Sanhita (BNSS) on the fight against digital crime. Legal experts and policymakers will analyze how these evolving laws are shaping the landscape of crime prevention and enforcement.

    In a separate but equally important segment, the role of cyber forensics will be highlighted as a critical tool in investigating and prosecuting digital offenses. The summit will showcase advancements in cyber forensic techniques and their crucial role in uncovering evidence, ensuring justice, and enhancing overall security in the digital world.

    Extensive Discussion on DPDP Act

    At the FutureCrime Summit 2025, a special focus will be placed on the Digital Personal Data Protection (DPDP) Act, a key piece of legislation aimed at safeguarding individuals’ personal data in the digital age. The summit will feature extensive discussions on how the DPDP Act addresses the challenges of data privacy and protection in a rapidly evolving technological landscape. Experts will delve into the act’s provisions, its impact on businesses and individuals, and its role in enhancing data security and regulatory compliance. Attendees can expect in-depth analyses of the act’s implementation, case studies of its application, and strategies for navigating its requirements to better protect personal data against misuse and breaches.

    Navigating Web 3.0 and Crypto Crimes

    Attendees will explore the challenges and opportunities of Web 3.0 and blockchain technology. Web 3.0, which focuses on decentralization and user control, creates new difficulties for law enforcement trying to manage this evolving digital space. The summit will discuss how to navigate these changes and enforce laws effectively in a decentralized world. Additionally, the event will cover the rise of cryptocurrencies and blockchain technology, which, while offering innovation, have also led to new types of crime like money laundering and fraud. Experts will share the latest methods for investigating these crimes and using blockchain forensics to stay ahead of criminals.

    AI and the Metaverse: Securing the Future of Digital Worlds

    Artificial intelligence (AI) and the metaverse represent the next frontier in digital innovation, but they also pose significant risks. The summit will explore the potential threats associated with AI-driven technologies, including the possibility of AI being used to conduct cyberattacks or manipulate digital environments. Additionally, as the metaverse becomes an increasingly integral part of our digital lives, securing these virtual worlds will be a major focus. Discussions will cover the latest developments in AI and the measures needed to protect users in the metaverse from a range of threats.

    NFTs and Ransomware: Addressing Emerging Threats

    Non-fungible tokens (NFTs) have become a hot topic in the digital space, with their popularity soaring in recent years. However, their rise has also attracted the attention of cybercriminals looking to exploit this new asset class. The FutureCrime Summit 2025 will examine the risks associated with NFTs, including fraud and theft, and discuss the strategies needed to safeguard these digital assets.

    Ransomware continues to be one of the most pervasive and damaging online threats facing organizations today. The summit will feature sessions dedicated to understanding the latest ransomware tactics and developing effective defense mechanisms to combat this ongoing threat.

    A Must-Attend Event for Industry Leaders and Professionals

    The FutureCrime Summit 2025 is more than just a conference; it is a critical forum for knowledge exchange and collaboration in the fight against cybercrime and digital threats. Attendees will have the opportunity to network with peers, engage in interactive sessions, and gain valuable insights from industry leaders who are at the forefront of digital crime prevention and technology law.

    Key Highlights of the Summit Include:

    • Expert-Led Panels and Keynotes: Featuring leading voices in digital forensics, financial crime prevention, and technology law, these sessions will provide a comprehensive overview of the latest trends and challenges in the field.
    • Interactive Workshops and Demonstrations: Attendees will have the chance to participate in hands-on workshops and witness live demonstrations of cutting-edge technologies designed to combat digital crime.
    • Exhibition Hall: A showcase of the latest products, services, and solutions from top vendors and innovators in the industry.
    • Networking Opportunities: The summit will offer numerous opportunities for attendees to connect with like-minded professionals, exchange ideas, and forge partnerships that can drive the industry forward.

    Mark Your Calendars and Prepare to Register

    As the countdown to the FutureCrime Summit 2025 begins, professionals across the digital crime prevention and technology law sectors are encouraged to mark their calendars for this must-attend event. Registration details, along with additional information about the event, will be shared soon.

    Stay tuned for updates and gear up to be part of India’s most valuable and knowledge-sharing event in the realm of cybercrime, digital threats, and technology laws.

    For any inquiries, communication, or to share your research paper related to the FutureCrime Summit 2025, please contact us at research@futurecrime.org . Our team is eager to assist with any questions you may have about the event or to review and discuss your research contributions. Whether you’re looking for more information about the summit or wish to engage with our community of experts, feel free to reach out to us through this dedicated email address.

     

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  • UN Approves First Global Cybercrime Treaty Amid Rising Cybercrimes

    In a significant move towards combating the growing threat of cybercrime, the United Nations passed its first cybercrime treaty with unanimous support. This treaty, which was initially proposed by Russia, aims to establish a global legal framework for addressing cybercrime and enhancing international cooperation on digital evidence sharing.

    The treaty’s passage marks a historic moment as it creates a binding international agreement on cybercrime, an area that has seen exponential growth in both scale and complexity. The treaty is expected to be ratified by at least 40 member states before it comes into force, focusing on crimes like child exploitation, money laundering, and other severe cyber offenses.

    While many nations, particularly those with less developed cyber infrastructures, have hailed the treaty as a much-needed tool to counter the threat of cybercrime, the agreement has not been without its critics. Human rights organizations and tech companies have expressed concerns that the treaty could pave the way for increased surveillance and repression. Critics argue that the treaty’s provisions could be used by repressive governments to stifle free speech and target journalists, activists, and minority groups.

    Jharkhand CID Dismantles International Cyber Slavery Network

    One of the central points of contention is the treaty’s allowance for cross-border data requests, which could lead to governments accessing electronic evidence from other nations without sufficient safeguards. This has raised alarms about potential abuses, particularly in countries with weak legal protections for privacy and human rights.

    Despite these concerns, the treaty was adopted after three years of negotiations, during which various states and interest groups sought to influence the final text. The Ad Hoc Committee on Cybercrime, which led the drafting process, made some amendments to address human rights concerns, but many believe these changes do not go far enough. Raman Jit Singh Chima, Senior International Counsel at Access Now, highlighted the risks, stating that the treaty lacks sufficient safeguards to prevent misuse by state authorities.

    Adding to the discussion, Prof. Triveni Singh, a former IPS officer and noted cybercrime expert, supported the treaty’s adoption. “In light of the rising global threat of cybercrime, such an international treaty was long overdue. It provides a framework to crack down on international cyber syndicates and organized crime that operate across borders with impunity,” he said, emphasizing the necessity of international cooperation to tackle these challenges.

    This UN cybercrime treaty represents a delicate balance between advancing global cybersecurity and protecting individual rights. As the treaty moves towards ratification and implementation, the international community will need to remain vigilant to ensure that it is used to combat real threats without compromising human rights.

    The treaty will be presented to the UN General Assembly later this year, where it is expected to receive formal approval, paving the way for its implementation across the globe.

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  • Digital Diagnosis: Guwahati Doctor’s Rs 2 Crore Cyber Fever Treated by CID

    Guwahati: A doctor from Guwahati has become the latest victim of a large-scale cyber fraud, losing a staggering Rs 2,01,73,200 to unauthorized transactions. The fraudulent activities, which spanned from April 3 to May 27, were carried out across seven different bank accounts, including ICICI Bank, Axis Bank, Bank of Baroda, Canara Bank, UCO Bank, and two accounts from Punjab National Bank (PNB).

    The incident came to light when the victim lodged an FIR on June 1, highlighting significant financial irregularities in his accounts. The CID Cyber Police Station swiftly acted on the complaint, conducting a thorough investigation that led to the recovery of Rs 42,17,839. This amount has been successfully re-credited to the victim’s accounts, with efforts ongoing to recover the remaining funds and apprehend those responsible for the fraud.

    Ministry of Corporate Affairs (MCA) to Deregister 400 Chinese Companies

    According to a CID source, the case is part of a broader trend of rising cybercrimes in India. Between January and April 2024 alone, Indian citizens reported losses exceeding Rs 1,750 crore due to cybercriminal activities, including online investment fraud, gaming apps, algorithm manipulations, illegal lending apps, sextortion, and OTP scams.

    One notable recent case involved Bharatpur, which has become a hotspot for cybercrime in India. According to a study by the Future Crime Research Foundation (FCRF), Bharatpur accounted for 18% of reported cybercrime incidents, with financial frauds, particularly UPI fraud, being the most prevalent.

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