The Top Ten cyber crime news summaries on The420 are meticulously curated by Future Crime Researchers from the Future Crime Research Foundation (FCRF) and powered by Algoritha Security Pvt. Ltd. These summaries feature the most critical cyber crime developments from around the world. Keep reading—and stay safe.
1. Morigaon Police Recovers ₹93 Lakh in Major Cybercrime Crackdown
Morigaon Police recovered ₹93 lakh linked to a sophisticated cyber fraud network. The funds were traced through digital forensics after victims reported unauthorized transactions. Authorities believe the money was part of a larger scam operation and are continuing investigations to identify the wider criminal network.
2. Bombay High Court Denies Bail to Wadhawan in ₹34,926-Crore DHFL Bank Fraud Case
The Bombay High Court denied bail to DHFL promoter Kapil Wadhawan in the ₹34,926 crore bank fraud case involving multiple lenders. The court cited the gravity of the allegations and risk of tampering with evidence. Wadhawan remains in custody as investigative agencies pursue one of India’s largest financial fraud cases.
3. Government Deactivates Nearly 4 Million SIMs in Nationwide Digital Fraud Crackdown
As part of a major drive against digital fraud, the Indian government has deactivated nearly 4 million SIM cards suspected of being used in scams. The crackdown follows rising cases of cyber fraud facilitated through fake or illegally acquired mobile connections. Authorities are also tightening KYC norms to curb misuse.
Algoritha Security Launches ‘Make in India’ Cyber Lab for Educational Institutions
4. Man Arrested After 4 Years on the Run in Multiple Mudra Loan Fraud Cases
A man accused in several Mudra loan fraud cases has been arrested after evading authorities for over four years. The suspect allegedly used forged documents to secure loans under fake identities. His arrest marks a key development in ongoing efforts to curb misuse of financial assistance schemes for small businesses.
5. Powai Businessman Duped of ₹52 Lakh in Bitcoin Scam by Facebook Friend from Japan
A businessman in Powai was defrauded of ₹52 lakh by an individual posing as a Facebook friend from Japan. The accused lured the victim with a promise of cryptocurrency investment returns. The funds were transferred in phases, and police have launched a probe into the cross-border cyber fraud.
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6. German Phone Repair Company Shuts Down After Devastating 2023 Ransomware Attack
A leading German phone repair firm has ceased operations following a crippling ransomware attack in 2023. The company failed to recover from the financial and operational damages, citing irreparable data loss and customer trust erosion. Experts warn that small and mid-sized enterprises remain vulnerable without robust cybersecurity and recovery planning.
7. U.S. Treasury Flags Crypto ATMs as Growing Hubs for Illicit Financial Activity
The U.S. Treasury has issued a warning that cryptocurrency ATMs are increasingly being used to launder money and fund criminal enterprises. The devices, often operating without strict oversight, are exploited by fraudsters and traffickers. Regulatory agencies are pushing for tighter compliance to curb abuse within decentralized financial ecosystems.
8. Authorities Reveal New Details in BlackSuit Ransomware Gang Takedown Operation
Law enforcement agencies have released fresh insights into the takedown of the BlackSuit ransomware group. Coordinated international efforts led to arrests, server seizures, and key decryption tools. Investigators say the group extorted millions globally, targeting hospitals and corporations. The operation is hailed as a major victory in ransomware disruption.
9. Cybersecurity Agency, Law Enforcement Launch Joint Crackdown on Online Fraud Syndicates
The Cybersecurity Agency and national police forces have launched a collaborative operation to dismantle online fraud syndicates. Dozens of cybercriminals have been identified for phishing, impersonation, and financial scams. Officials say the crackdown aims to disrupt digital fraud infrastructure and build stronger public-private coordination in cybercrime prevention.
10. New Orleans Man Charged with 380 Counts in Massive Child Pornography Case
A man in New Orleans has been charged with 380 counts related to possession and distribution of child pornography. The investigation began after a tip-off and led to the seizure of multiple devices containing illegal material. Authorities have called it one of the most extensive child exploitation cases in recent state history.
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