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Top 10 Daily Cybercrime Brief by FCRF [24.05.2024]: Click here to Know More | #cybercrime | #infosec

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. Move Over Jamtara & Mewat: 46% of Cyber Fraud Now Originates from Southeast Asia
Jamtara and Mewat are no longer India’s primary cyber fraud hotspots, with 46% of defrauded funds now traced to Southeast Asia. Indian authorities have cracked down on illegal recruitment, repatriating 360 victims. From January to April, Rs 1,775 crore was lost to various scams originating in the region.

2. Mumbai Man Rescues Rs 40 Lakh from Cyber Fraudster via 1930 Helpline
Mumbai police froze nearly Rs 40 lakh extorted from a man who was threatened by a fraudster posing as a law enforcement officer. The victim, coerced into transferring the money, reported the incident via the cyber helpline 1930. Prompt action led to the recovery of the funds.

3. Indian Election Hit by Cyber-Attacks and Dark Web Data Leaks
Security researchers reported a surge in cyber-attacks targeting the upcoming Indian general election, resulting in leaked personal data on the dark web. Driven by hacktivist groups and geopolitical tensions, the attacks aim to undermine trust in the election system. Resecurity advises heightened digital security and vigilance against misinformation.

ALSO READ: Migrants, Guns & Cigarettes: Inside the Dark Network of a Dismantled Turkish Crime Syndicate in Italy

4. Thousands of Indians Ensnared in Cyber Fraud in Cambodia
Sixty Indians coerced into cyber fraud activities in Cambodia by trafficking gangs have been rescued. The scam, affecting over 5,000 Indians, involved promises of legitimate jobs but led to illegal online tasks. The issue extends beyond Cambodia, with traffickers exploiting young individuals across Southeast Asia.

5. Crime Branch Dupes Ireland Consulate Official in Mumbai Cyber Scam
A Mumbai resident, working at the Ireland Consulate, lost Rs 7 lakh to a cyber fraud gang impersonating Crime Branch officials and courier executives. The fraudsters fabricated a drug trafficking case, coerced him to transfer money, and claimed involvement in money laundering. The victim reported the incident to the national cybercrime reporting portal.


6. Iranian Phishing Campaign Aims at Experts on Israel-Hamas Conflict
Microsoft Threat Intelligence reports that Iranian threat group Mint Sandstorm is targeting researchers on the Israel-Hamas conflict via sophisticated phishing. Using compromised email accounts, they send benign emails to build trust before distributing malicious files, aiming to steal sensitive data. Organizations are advised to train users and employ tools for protection.

7. Intercontinental Exchange (ICE) Fined $10 Million Due to Cyber Infiltration
Intercontinental Exchange Inc. (ICE) will pay a $10 million penalty for delaying the notification of a cyber intrusion event to the SEC. The incident involved remote access to the corporate network via a VPN device. While unsuccessful, the delay breached regulations mandating prompt reporting. The SEC emphasizes the need for swift disclosure amid rising cyber risks.

ALSO READ: Cyber Slavery: Indian Embassy Rescues Over 360 Citizens Trapped in Cambodian Scams

8. Cyber Signals: Rising Threat of Gift Card Fraud
Microsoft Threat Intelligence warns of rising gift card fraud by threat group Storm-0539 during US holidays, showing a 30% increase pre-Memorial Day 2024. Storm-0539 exploits cloud environments, bypasses multifactor authentication, and poses as legitimate entities. Businesses issuing gift cards should prioritize monitoring, auditing, and security education to thwart such sophisticated attacks.

9. Widespread Cyber Trade of Freshwater Turtles and Tortoises in the Philippines
TRAFFIC researchers discovered over 5,000 chelonians for sale in the Philippines on 20 Facebook groups from 2019 to 2020, violating international trade regulations. The endangered Philippine Forest Turtle was also found. Recent checks revealed a persistent trade, with over 2,000 chelonians sold in the first three months of 2024, endangering the species.

10. Surge in Ransomware Attacks Exploiting VMware ESXi Vulnerabilities
Cybersecurity firms report a consistent pattern in ransomware attacks targeting VMware ESXi infrastructure, involving initial access through phishing and exploiting vulnerabilities, deploying ransomware, and exfiltrating data. Organizations are advised to enhance monitoring, backups, authentication, and network security. Additionally, new ransomware families and tactics like malvertising and remote access services pose escalating threats.

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