February 21, 2024

We are creating some awesome events for you. Kindly bear with us.

India Combats Cybercrime, Urges Citizen Vigilance

The National Cybercrime Threat Analytics Unit (NCTAU), a vertical under the Indian Cybercrime Coordination Centre (I4C), identified and recommended action against over 100 websites engaged in organised investment or task-based part-time job frauds The I4C is a Ministry of Home Affairs initiative designed to address cybercrime in the country through a coordinated and comprehensive approach.

The Ministry of Electronics and Information Technology (MeitY), exercising its authority under the Information Technology Act of 2000, has blocked these websites. These platforms, which posted task-based illegal investment-related economic crimes, were found to be operated by foreign entities. They used digital advertisements, chat messengers, and mule or rented accounts as part of their operations.

Additionally, it has come to light that the gains from these large-scale economic frauds were laundered out of India through various means, including card networks, cryptocurrency transactions, overseas ATM withdrawals, and international fintech companies.

In this regard, numerous complaints were lodged through the 1930 helpline and the National Cyber Reporting Portal (NCRP), highlighting the substantial threat these offences posed to citizens, along with concerns related to data security. Typically, these frauds entail the following steps:

  1. Targeted digital advertisements are launched on major search engines and social media sites using key phrases like “work-from-home” and “ways to make money from home” in multiple languages. These advertisements originate from overseas advertisers and predominantly target retired individuals, women, and unemployed youth seeking part-time employment.
  2. Upon clicking the advertisement, an agent initiates a conversation with the potential victim through a messaging service. The agent persuades the individual to perform various tasks, such as liking videos, subscribing to channels, rating maps, and similar online activities.
  3. After completing the assigned task, the victim is initially rewarded with a commission. Subsequently, the victim is urged to invest more capital with the promise of higher returns for additional tasks.
  4. Once the victim, having gained confidence deposits a larger sum, the deposits are subsequently frozen, resulting in the victim being deceived.

As a precautionary measure, the government has advised citizens to exercise due diligence before investing in any online schemes that promise exceptionally high commissions and are promoted over the Internet. Furthermore, when an unfamiliar individual contacts someone through an online messaging service, individuals should avoid carrying out financial transactions without proper verification.

The name of the receiver mentioned in the Unified Payments Interface application should be verified. If the recipient appears to be a random person, it could be indicative of a mule account, and the scheme may be fraudulent. Likewise, individuals should scrutinise the source from which the initial commission is received.

Citizens are strongly advised to abstain from conducting transactions with unfamiliar accounts, as they may be implicated in activities such as money laundering and potentially even terror financing. Engaging in such transactions could result in the blocking of accounts by law enforcement and other legal actions.

Establishing a ‘Cyber Safe India’ is one of the Ministry of Home Affairs’ top priorities. In a recent press release, it reiterated that it is dedicated to combating cybercrime and safeguarding individuals from cyber threats. Citizens are encouraged to promptly report the phone numbers and social media handles used by fraudsters to the National Cyber Reporting Portal (NCRP).

India is actively prioritising cybersecurity readiness and advocating for enhanced protection among citizens, government personnel, agencies, and organisations. The country is spearheading efforts to fortify digital defences, ensuring a resilient and secure cyber landscape across all sectors.

OpenGov Asia reported that the Ministry of Electronics and Information Technology’s National e-Governance Division conducted a comprehensive CISO Deep-Dive Training Programme, part of the Cyber Surakshit Bharat initiative, to enhance cybersecurity awareness and empower government officials across India against escalating cyber threats.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend