Hackers attacked one million-plus Asus users through malicious update
Posted On : Tuesday, March 26, 2019, 7:44 PM
Hackers were able to deliver malware to the more one million-plus Asus computer owners last year by hijacking the company’s software update system, security researchers said on Monday. Moscow-based cyber security provider Kaspersky Lab said the attack took place between June and November last year and was used to deliver a software update with a “backdoor” that would give hackers access to infected machines. “We are not able to calculate the total count of affected users based only on our data; however, we estimate that the real scale of the problem is much bigger and is possibly affecting over a million users worldwide,” Kaspersky said in a blog post.
SEBI Bars 12 Websites, 3 Persons for Providing Fraudulent Stock Tips, Collecting Crores
Posted On : Tuesday, March 26, 2019, 7:36 PM
Market regulator Securities and Exchange Board of India (SEBI) has barred 12 websites and three people behind these portals for luring investors with an assured monthly income and returns of 300% to 800% by sharing fraudulent market tips. Entities barred by SEBI include Rishabh Jain, Ubaidur Rahman and G Kadar Hussain and websites www.trade4target.com, www.niftysureshot.com, www.mcxbhavishya.com, www.callput.in, www.newsbasedtips.com, www.futuresandoption.com, www.optiontips.in, www.commoditytips.in, www.sharetipslive.com, www.thepremiumstocks.com, www.callputoption.in, and www.tradingtipscomplaints.com.
Android Phone Users Might be Losing 10GB Per Month To Online Fraud
Posted On : Monday, March 25, 2019, 6:56 PM
Telcos seem to be in an overly generous mood due to the dynamics of the market and also the recent tariff war. In India data has been flowing for free. In such a case where the users have a significant amount of data in their possession, they are unable to follow the consumption pattern. However, when 10GB of data disappears mysteriously, one might take notice of it. It has come into notice only last month that Android users might be susceptible to losing mobile data. Not only this, but it might also be draining their phone battery. As per several experts, a fraud advertisement might have consumed data of millions of Android users and is having an effect on the battery life of the device, too. As per the report, this code is known as DrainerBot and without the knowledge of the user; it downloads gigabytes of advertisement video on the smartphone of users through apps which had been infected by the bot.
Free Wi-Fi at Coffee Shop Can Put You in Soup
Posted On : Monday, March 25, 2019, 6:49 PM
For professionals and tourists alike, connecting to a public Wi-Fi is a boon keeping the high roaming data cost in mind. But connecting to any available free network can easily expose your data to hackers who are waiting for you to log into. Not just abroad, signing frequently into free Internet at hotels, coffee shops, conferences or shopping malls in India is equally dangerous, especially if there is lack of multi-layered security and encryption. According to a recent report by Google and global research firm Analysys Mason, public Wi-Fi in India has the ability to capture 40 million new connected users by 2019, resulting in at least $20 billion (roughly Rs. 1,38,000 crores) being added to the country's GDP.
Credit card cloning incidents rise to 70 a month in Delhi
Posted On : Friday, March 22, 2019, 6:39 PM
Police data reveals that in the last 18 months, incidents of card cloning and fraud have gone up from around 15-20 monthly to 70 per month. Police say banks are increasingly approaching them to file complaints since their account-holders are losing money. "Every day, the Delhi Police receives one or two cases where a customer has been duped," a senior official told. The police warn users of not handing over the card to anybody at restaurants or bars and being cautious when they use the PIN password.
Facebook passwords of about 600 mn users readable by employees for years
Posted On : Friday, March 22, 2019, 6:21 PM
Facebook passwords of around 600 million users were stored on the company’s servers in plain text, according to a KrebsonSecurity report, which quotes a senior Facebook employee. The passwords were searchable by over 20,000 Facebook employees, the report adds. The inquiry so far has revealed archives of user passwords in plain text dating back to 2012, though Facebook’s investigation still seems underway. Facebook denied in a blog post that the passwords were visible to anyone outside of the company or abused or improperly accessed by its employees.
Man falls prey to online car deal, ‘duped’ of Rs 3.6 lakh
Posted On : Thursday, March 21, 2019, 7:01 PM
In an online fraud, a man was allegedly duped of Rs 3.61 lakh which he had paid for purchasing a second-hand car. According to Cyber Crime Inspector, the victim recently saw an advertisement for sale of a second-hand car with a price tag of Rs 3.80 lakh on a website. He allegedly contacted the ‘seller’ on the phone number given on the portal. The victim allegedly met the person and checked the condition of the car and deposited Rs 3.61 lakh in two installments in the account of the ‘seller. Later, the victim enquired about the delivery of the car and the ‘seller’ told him that there was some problem and he would deliver the vehicle the next day. But, he never happened.
Pune cyber cell arrests one more person in connection to Cosmos Bank fraud
Posted On : Wednesday, March 20, 2019, 6:11 PM
Yet another arrest has been made by the cyber crime cell of the Pune police, in the Cosmos bank fraud case. The twelfth accused, identified as Mohammad Nadeem Akbar Ali Shaikh, 35, a resident of Wazirganj, Uttar Pradesh, was picked up on March 14 for his alleged connection with the Rs 94.42 crore online fraud involving Cosmos Co-operative Bank in Pune. On August 14, 2018, Cosmos cooperative bank reported a malware attack on its online banking system, stating that Rs 94.42 crore had been siphoned through automated teller machines (ATMs) and online transfers, by unidentified hackers.
Nirav Modi arrested in London: Report
Posted On : Wednesday, March 20, 2019, 3:16 PM
The London police today arrested PNB scam accused Nirav Modi. He will be produced in court, TV reports claimed. As per information available, Modi will be produced in the Westminster court at in a short while. However, the diamantaire is likely to get bail but like in the Vijay Mallya case, authorities in UK might put conditions on his movement. A UK court had last week issued an arrest warrant against fugitive diamond jeweller Nirav Modi, taking cognisance of the sanction granted by the UK home secretary on India’s request to extradite the jeweller.
51% of ad fraud came through e-commerce in 2018
Posted On : Tuesday, March 19, 2019, 6:57 PM
TechARC’s report titled “India digital ad-fraud market” states that in 2018, ad fraud cost a total of $1.63 billion, contributing to 8.7% of the global fraud. Ecommerce contributed to over 51% of the total ad fraud in India, via customer acquisition, engagement and retention. Web platforms were more susceptible to frauds over app fraud because their digital teams were more likely to look at app fraud over web fraud. The web had higher chances of fake leads and keyword abuse over apps. Despite this, app fraud led to 85% of total digital ad fraud.
ICICI Lombard partners with MobiKwik for cyber insurance cover
Posted On : Tuesday, March 19, 2019, 6:14 PM
ICICI Lombard General Insurance, a leading non-life insurance company, has entered into a strategic partnership with MobiKwik, a digital financial services platform, to provide cyber insurance cover for the latter’s mobile wallet users. The relationship aims to provide protection against unauthorized and fraudulent transactions online, across bank accounts, debit/credit cards, and mobile wallets. The cyber-insurance can be availed digitally through the app at only Rs 99 per month and with a sum insured of Rs 50,000.
Online stalking: Pune cyber cell registers 103 complaints
Posted On : Monday, March 18, 2019, 7:21 PM
The Pune cyber cell has received at least 100 complaints stating that residents are being blackmailed via email with threats to reveal their pornography-viewing activity on social media and to people on their contact list. These complainants have said that unknown blackmailers are trying to extort $2,900 (Rs1,99,992.70) in bitcoins with the threat that their pornography-viewing activity will be exposed. The police have been trying to verify whether these threats are genuine.
Movie Ticketing Apps Not Allowed to Charge 'Internet Handling Fee' from Customers
Posted On : Monday, March 18, 2019, 5:54 PM
Ever wondered why you end up paying slightly more when booking movie tickets through apps than you would if you booked the tickets at the theatre box office? Turns out that these movie ticket selling apps may illegally be overcharging customers by levying a "handling fee". An RTI query has revealed that portals like BookMyShow levy an extra 'internet handling fee' against each ticket, which is in violation of the RBI's Merchant Discount Rate (MDR) regulations that were issued by the Reserve Bank of India on Dec 6, 2017. As per the regulations, the merchant is supposed to pay an amount to the bank against every transaction made by customers using a credit or debit card as per MDR regulations.
Starbucks may face fine for ‘profiteering’ after GST rate cut
Posted On : Saturday, March 16, 2019, 4:47 PM
The anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cut. The tax authorities had questioned Starbucks about its prices and had issued two sets of letters seeking data after GST was reduced. Starbucks shared data of its prices and costs in a detailed reply to the National Anti-profiteering Authority (NAA), people aware of the matter said. Seattle-based Starbucks, the world’s biggest coffee retailer, operates over 100 stores in India through Tata Starbucks, its joint venture with the Tata Group.
A Worrying Two-Thirds Of Android Antivirus Apps Are Apparently Frauds
Posted On : Friday, March 15, 2019, 7:25 PM
Antivirus apps are meant to give you peace of mind wherein the event you accidentally click on that suspicious link or email, you know that your device should be somewhat protected. Unfortunately, there are so many antivirus apps out there that it can be a bit difficult to choose which one to go for, and the sad thing is that most of them are apparent frauds. This is according to testing done by Austrian antivirus testing company AV-Comparatives (via ZDNet) who discovered that out of the 250 Android antivirus apps that they tested, they found that two-thirds of them could be considered frauds. They tested the apps out by feeding malware to the devices to see if the apps could pick up on them, and only 80 of the 250 apps did.