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. Three Arrested After Corporate Executive Loses ₹3.16 Crore in Matrimonial Site Cyber Scam
Three individuals were arrested for duping a corporate executive of ₹3.16 crore through a cyber scam on a matrimonial website. The accused lured the victim with fake investment deals and fabricated emergencies, coercing multiple large transfers to mule accounts under the guise of medical, customs, and travel-related expenses.
2. 70-Year-Old Duped of ₹3.02 Crore in ‘Digital Arrest’ Cyber Fraud
A 70-year-old retired National Insurance Company manager from Ranjit Avenue was defrauded of ₹3.02 crore by cybercriminals posing as officials from central investigative agencies. The scammers manipulated the victim using fear tactics, convincing him to transfer funds under the pretext of a sensitive investigation. Police have launched an investigation.
3. Navi Mumbai: Two Held in ₹4.71 Crore Cyber Scam Involving Fake IPO and Trading Schemes
Navi Mumbai Police arrested two men in a ₹4.71 crore cyber fraud case involving fake IPO and index trading schemes. The accused posed as investment experts, luring the victim with promises of high returns and convincing him to transfer large amounts to multiple bank accounts. The case is under investigation.
4. Bengaluru Couple Loses ₹4.75 Crore in ‘Digital Arrest’ Scam; Two Hyderabad Men Arrested
Bengaluru Police arrested two men in a ₹4.75 crore cyber fraud case where an elderly couple was duped into believing they were under a digital arrest. The fraudsters used fear tactics and impersonated authorities to manipulate the victims into transferring large sums of money over several months.
5. ₹5 Crore Cyber Fraud Racket Using Rented Bank Accounts Busted in Bikaner
Bikaner Police busted a ₹5 crore cyber fraud racket and arrested three men who ran an inter-state scam using rented bank accounts. The gang funneled money from online gaming and betting scams into purchased accounts, using ATMs and cheques to withdraw funds. The arrests were part of a cybercrime crackdown.
INTERNATIONAL
6. Asia Shuts Down 20,000 Malicious Domains in Major Infostealer Crackdown
Asia dismantled 20,000 malicious domains in a major crackdown on infostealer malware, with Interpol coordinating the operation. Authorities arrested 32 individuals across Vietnam, Sri Lanka, and Nauru. The operation targeted cybercriminals using stolen data to launch phishing, ransomware, and financial scams, marking a significant blow to regional cybercrime networks.
7. CISO Behind Badbox Takedown Warns of Imminent Version 3 Threat
The CISO who played a key role in exposing the Badbox malware campaign has issued a fresh warning: a more advanced Version 3 is on the horizon. Known for targeting mobile devices via preloaded apps, Badbox is evolving, posing renewed threats to enterprise security and global supply chain integrity.
8. Bali Police Dismantle Online Scam Network Linked to Cambodia and the U.S.
Bali Police have busted a major international online fraud syndicate, arresting 38 suspects from five locations across Denpasar. The operation revealed a network involved in large-scale digital scams with links to Cambodia and the U.S. Authorities seized electronic equipment and documents used to defraud victims globally. Investigations are ongoing.
9. Five Plead Guilty to Laundering Millions from Cambodia-Based Crypto Scams
Five men in the United States have pleaded guilty to laundering nearly £29 million ($36.9 million) obtained through fake cryptocurrency investment schemes operated from cyber scam centers in Cambodia. The funds were funneled through U.S. banks and shell companies before being transferred overseas. Authorities continue to trace additional co-conspirators.
10. Police Bust WhatsApp Fraud Syndicate Targeting Prominent Nigerians
The Nigeria Police Force has dismantled a sophisticated cyber fraud syndicate that targeted high-profile Nigerians by hijacking their WhatsApp accounts. The scammers used compromised accounts to impersonate victims and solicit money or sensitive information. Authorities are investigating further to identify all individuals involved in the widespread digital impersonation scheme.
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