Cybercrime and data theft have become a common problem for organizations and the general public. Personal and sensitive data is being shared all over the internet by hackers without anyone's knowledge and new data breaches and invasions of privacy are recorded virtually on a daily basis. While organizations are taking strong cybersecurity measures, it is still not enough to protect people from data breaches. And things are getting worse. In the latest cybercrime, it has now been revealed that 26 billion records, which is approximately 12 terabytes of personal data and credentials from companies and organizations, were leaked. This data leak is a combination of multiple previous breaches and it has been dubbed as the 'Mother of all breaches'.
Over ₹10,300 crore siphoned off by cyber criminals since 2021: I4C
04.01.2024 - 04:54 / tech.hindustantimes.com / Cyber Crime
Over ₹10,300 crore were siphoned off from the country by cybercriminals since April 1, 2021, of which agencies managed to successfully block around ₹1,127 crore in the country, Indian Cyber Crime Coordination Centre (I4C) said Wednesday.
Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7 per cent in 2022, with 9.66 lakh cases being reported on the portal, CEO of I4C Rajesh Kumar told reporters in an interaction here.
I4C is a body established by the Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner.
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Kumar said over 15.56 lakh cases were reported on NCRP in 2023, translating into 129 cyber crime cases reported per lakh population, which shows a "deceleration" of growth rate to 60.9 per cent as compared to 2022.
" ₹10,319 crore has been reportedly lost in India from April 1, 2021 to December 31, 2023... We have managed to block ₹1127 crore, of which 9-10 per cent has been restored in the accounts of the victims," Kumar said.
Giving details of cyber criminals, officials said around 50 per cent of cyber attacks are being committed by "gangs" operating from Cambodia, Vietnam, China and other countries.
Citing difficulties in restoring amounts to the accounts of victims, Kumar said the government is framing new Standard Operating Procedures which are likely to come out soon to make it easier for victims to claim their money.
Right now, a victim has to get a court order to get their money back with states like Gujarat and Karnataka leading the way where people are approaching Lok Adalats and magistrates to get their money.
Highlighting trends of cyber criminals, Kumar said regions near Delhi are using Sextortion, online booking, OLX related crimes to trick the victims.
Gangs operating from Jharkhand, etc, are using KYC expiry, Anrdroid banking Malware-type online scams to siphon off money from gullible individuals.
He said other major cyber crimes are duping people of their money using investment applications and websites offering part-time jobs and Ponzi schemes, illegal lending applications and customer care centres.
There were also vases of Android malware fraud by seeking OTPs to take control of victims' systems, impersonation by taking over social media accounts and sextortion.
Listing recent successes against cyber criminals, Kumar said the Indian agency managed to thwart a major cyber attack targeting the G-20 website.
Every minute 66, lakh hits were made using bots through a distributed denial-of-service (DDoS) attack to disable it by flooding it with hits.
Another success was when Indian
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