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Time of India
26 minutes ago
- Time of India
Cybercrooks using gaming app lure to hire bank accounts, SIM cards
Panaji: An investigation into cybercrimes has revealed that fraudsters target youth to ostensibly hire their bank accounts and SIM cards, using gaming apps as an inducement, and then deploying the personal information for criminal activities. Tired of too many ads? go ad free now Cyber fraudsters approach youth through social media and other platforms and persuade them to rent out their bank accounts and SIM cards to earn additional pocket money. 'Bank accounts and SIM cards of youth rented out to fraudsters are used in cheating cases. Youth should not give their sensitive information on rent as once their bank accounts and SIM cards are frozen by police, they become criminals by default,' SP cybercrime Rahul Gupta said. He added, 'Crypto-trading on Telegram groups is also attracting youth. Most of the illegal businesses in the cyber domain are running on Telegram.' Gupta said if youth provide bank accounts on rent, the fraudsters promise to provide commission based on the transactions. He said youth are also lured by cybercriminals with offers of task-based jobs. 'The backbone of cyber fraudsters is bank accounts and SIM cards. In some cases, they offer cheap loans to consumers and direct them to download the loan app,' Gupta said. 'They provide Rs 10,000 to the target, but once the app is downloaded, they take control of the phone and access all the contacts.' Gupta said, 'Once the contacts are accessed, fraudsters try to cheat them.' It was revealed that many youth between the ages of 20 and 25 are renting out their bank accounts but are not aware of the antecedents of the people who deposit money into their accounts. To act against the cyber fraudsters, state govt plans to set up an integrated cybersecurity solution lab for analysis, detection, and response to cyber threats and attacks, including malware, at an estimated cost of Rs 89.4 crore. Tired of too many ads? go ad free now The National Forensic Sciences University Research and Innovation Council (NFSU-RIC), Gandhinagar, Gujarat, an institute under the Union ministry of home affairs, will serve as the implementation agency for the solutions. These include a Centre of Excellence in Cybersecurity and a lab for analysis, detection, and response to cyber threats and attacks.


Time of India
2 hours ago
- Time of India
US House bans WhatsApp from all staff devices: This is the reason
The US House of Representatives has banned Meta-owned popular WhatsApp messaging service from all official staff devices, effective immediately, a report has said. The move marks a major rejection of one of the world's most widely used communication tools by a key branch of the US government. Citing a memo dispatched to all House staff on Monday (June 23), news agency Reuters reported that the Office of Cybersecurity detailed the reasoning for the directive. 'The Office of Cybersecurity has deemed WhatsApp a high risk to users due to the lack of transparency in how it protects user data, absence of stored data encryption, and potential security risks involved with its use,' the memo, issued by the chief administrative officer, stated. The House memo recommended several alternative messaging apps for official use, including Microsoft's Teams platform, Amazon's Wickr, the privacy-focused app Signal and Apple's native iMessage and FaceTime services. Meta Platforms has opposed the decision. A company spokesperson said Meta disagreed with the move 'in the strongest possible terms,' asserting that its end-to-end encryption provides a higher level of security than many of the approved alternatives. The security of WhatsApp has been a recurring subject of concern. In January, a WhatsApp official acknowledged that scores of its users, including journalists and members of civil society, had been targeted by spyware from the Israeli firm Paragon Solutions. WhatsApp ban follows recent Telegram security lapse The decision comes amidst heightened scrutiny of messaging app security in government circles, particularly following a recent lapse on a rival platform. Earlier this month, a senior editor from a foreign news agency was mistakenly added to a sensitive US government-related Telegram group, potentially exposing internal discussions before the error was rectified. That incident is believed to have accelerated reviews of all third-party communication platforms used by congressional staff. This ban is the latest in a series of actions taken by the House to regulate software on its devices. In 2022, the popular short-video app TikTok was similarly banned due to security concerns related to its parent company's ties to China.


The Print
3 hours ago
- The Print
Markets slump on heightened tensions in Middle East; Sensex drops 500 pts
After losing over 900 points in day trade, the 30-share index recovered some lost ground to close with a loss of 511.38 points or 0.62 per cent at 81,896.79. Besides, selling pressure in IT, tech and auto stocks amid elevated global crude prices dented market sentiments, traders said. Mumbai, Jun 23 (PTI) Stock market benchmark indices Sensex and Nifty tumbled on Monday, as intensifying tensions in the Middle East after the US bombed three major nuclear sites in Iran unnerved investors. During the day, it tumbled 931.41 points or 1.13 per cent to 81,476.76. As many as 2,204 stocks declined, while 1,854 advanced and 182 remained unchanged on the BSE. The 50-share NSE Nifty dropped 140.50 points or 0.56 per cent to 24,971.90. 'The entry of the US into the Israel-Iran conflict heightened tension as panic selling by investors triggered major correction in early trade. Also, if oil prices shoot up rapidly due to the ongoing war, higher import bills would lead to a fast decline in the local currency against the dollar and weigh on inflation. 'However, FIIs turning out buyers of local shares worth over Rs 10,000 crore in the past 4 sessions shows that India's strong fundamentals continue to attract foreigners despite global uncertainty,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. The US bombed three major nuclear sites — Fordow, Natanz and Isfahan — in Iran, directly engaging itself in the Israel-Iran conflict. From the Sensex pack, HCL Tech, Infosys, Larsen & Toubro, Mahindra & Mahindra, Hindustan Unilever, ITC, Tata Consultancy Services and Maruti were the biggest laggards. In contrast, Trent, Bharat Electronics, Bajaj Finance and Kotak Mahindra Bank were among the gainers. The BSE smallcap gauge climbed 0.57 per cent, and the midcap index rose 0.20 per cent. Among BSE sectoral indices, BSE Focused IT lost 1.48 per cent, IT tanked 1.46 per cent, teck (1.10 per cent), auto (0.88 per cent), FMCG (0.62 per cent), telecommunication (0.50 per cent) and bankex (0.38 per cent). Capital Goods jumped 0.94 per cent, services (0.73 per cent), metal (0.71 per cent), commodities (0.46 per cent) and consumer durables (0.38 per cent). 'Last Friday, markets buildup in anticipation of easing Middle East tensions, following the US announcement of a two-week window to deliberate its involvement in the Israel-Iran conflict. However, the unexpected US airstrike on Iran's nuclear facilities over the weekend disrupted those expectations, triggering a sharp rise in crude oil prices and leading to consolidation in the domestic equity market,' Vinod Nair, Head of Research, Geojit Investments Limited, said. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled lower, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended higher. European markets were trading lower in mid-session. US markets ended mostly lower on Friday. Global oil benchmark Brent crude climbed 0.49 per cent to USD 77.39 a barrel. Despite the initial setback, the market recovered some of its losses, supported by gains in capital goods and metal stocks, as fears of an immediate oil supply disruption remained low, he added. Foreign Institutional Investors (FIIs) bought equities worth Rs 7,940.70 crore on Friday, according to exchange data. On Friday, the 30-share BSE Sensex surged 1,046.30 points or 1.29 per cent to settle at 82,408.17. The Nifty climbed 319.15 points or 1.29 per cent to 25,112.40. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.