Cybercriminals have developed new tactics & tricks to steal money

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#Flubot malware has been infecting users’ phones by tricking users to instal the #malware themselves on their phones after alerting them that their handset is infected. The nefarious Flubot malware is back, infecting Android users' phones around the world.

Cybercriminals have developed new tactics & tricks to steal money.

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    #Flubot malware has been infecting users’ phones by tricking users to instal the #malware themselves on their phones after alerting them that their handset is infected. The nefarious Flubot malware is back, infecting Android users' phones around the world.

    Cybercriminals have developed new tactics & tricks to steal money

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    Cybercriminals have siphoned off over Rs 67 lakh from bank accounts of gullible people through KYC (Know Your Customer) fraud, as per the Cyberabad police. The fraudsters are adopting innovative ways to cheat the people.

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    Brand phishing attack



    There are newer trends, where cybercriminals are increasingly impersonating social media platforms in its new Q3 Brand Phishing Report. For the first time this year, social placed in the top three sectors for most phishing attempts, Check Point Research (CPR) warns. Microsoft stays as leader of most imitated brands at 29% of all phishing attacks globally, albeit at a slower rate, down from 45% in Q2 2021. Amazon replaces DHL in second position, accounting for 13% of all phishing attempts, as criminals look to take advantage of online shopping in the run-up to the holiday season. The report highlights the brands which were most frequently imitated by criminals in their attempts to steal individuals’ personal information or payment credentials during July, August and September of this year.



    The Top 10 most Imitated Brands in Q3 2021 are

    1. Microsoft (29% of all phishing attacks globally)

    2. Amazon (13%)

    3. DHL (9%)

    4. BestBuy (8%)

    5. Google (6%)

    6. WhatsApp (3%)

    7. Netflix (2.6%)

    8. LinkedIn (2.5%)

    9. PayPal (2.3%)

    10. Facebook (2.2%)



    In a brand phishing attack, criminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site. The link to the fake website can be sent to targeted individuals by email or text message, a user can be redirected during web browsing, or it may be triggered from a fraudulent mobile application. The fake website often contains a form intended to steal users’ credentials, payment details or other personal information.



    “Threat actors are constantly trying to innovate their attempts to steal peoples’ personal data by impersonating leading brands. For the first time this year, social channels have beco

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  • Watch Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour Video
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    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

    Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizati

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    Worldwide Cybercriminals collaborate in the Darkweb

    The #darkweb has 2.5 million daily active users accessing underground sites with the Tor Network, also known as The Onion Router. The name originates from the idea that the many layers of an onion denote the many levels of security and encryption on the dark web. This network is open-source software, meaning its codes are available for public view, which enables anonymous communication on the internet.

    The technology behind the #Darknet is not a single program or location. A lot of crimes such as drug sales, credit card fraud, counterfeit currency, leaked data, counterfeit passport sale, malware forums, child pornography and several other criminal activities flourished through the darknet. Most users of the dark web are young. In fact, 35.9% of them fall into the 18 to 25 categories, followed by 34.8% who are aged between 26 and 35.

    More and more citizens are lured by the opportunities that lie in this hidden cyberspace. Let’s see the list of top dark web users per country and their respective market shares:

    The United States topped the list with 34.81% users, followed by Russia 11.46%, Germany- 7.16%, The Netherlands- 6.92% and France-3.29%.

    India is the country with the most users of the dark web and in contrast, Australia and South America are the least popular. The report says, the population of India has the largest per capita usage of the darknet than anywhere else in the world. India has the highest percentage of the world population using the dark web, making up 26% of all countries.

    As per IndustryARC, the global Dark Web Intelligence Market size is projected to surpass the $840 million mark by 2026 growing at an estimated CAGR of more than 20.1% during the forecast period 2021 to 2026. Darknets are connections that are made between or amongst trusted peers and a few of them include TOR, Freenet, or the Invisible Internet Project (I2P).

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    Cybercriminals are increasingly using the darknet to sell AI-powered tools. These tools can be used for a variety of malicious purposes, starting from Generating phishing emails that are more likely to fool victims to Creating malware that is more difficult to detect and remove. They can even develop social engineering attacks that are more persuasive, it can be possible by automating hacking tasks, such as password cracking and vulnerability scanning.

    There are advanced generative AI Chatbots known as FraudGPT or WormGPT, claiming to be 'bots without limitations, rules, and boundaries,' to carry out their malevolent activities. These Chatbots, recently emerging on the dark web, are now available for sale to anyone seeking to create phishing emails, malware, or cracking tools. Cyber experts have cautioned people against these Chatbots.

    Today's Headline in NewsHours
    0:00 Intro
    3:05 #Microsoft expands its partnership with G42 to include cloud and AI tools
    3:35 Sources say Govt likely to bring resolution to rename India as Bharat
    4:05 #PayU India to fuel business growth with new CommercePro stack
    4:30 Government e-Marketplace surpasses INR 1 lakh crore GMV milestone in record time
    5:07 #Hitachi Payment Services announces first-ever UPI-ATM with NPCI in India



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    साइबर ठगी (cyber fraud) का एक अनोखा मामला सामने आया है, जहां स्कैमर्स ( scammers) ने एक फेक किडनैपिंग का डर दिखाकर, दिल्ली के बुजुर्ग को शिकार बनाया है। बुजुर्ग को अनजान नंबर से WhatsApp Call आई, जिसमें बताया कि तुम्हारे भाई के बेटे को किडनैप कर लिया है। इसके बाद फिरौती की रकम मांगी। आइए इसके बारे में डिटेल्स में जानते हैं।

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