Latest news with #I4C
Time of India
3 hours ago
- Business
- Time of India
Nine lakh SIMs blocked, Rs 5.5K crore saved in cyber fraud war
NEW DELHI: The Union Home Ministry on Wednesday (July 23, 2025) said that so far, over 9.42 lakh SIM cards and 2,63,348 IMEIs involved in cyber fraud and digital arrests have been blocked by the government. MoS (Home) Sanjay Bandi , replying to a question in the Rajya Sabha, also listed an 11-point strategy to combat cybercrime. "MHA has set up the Indian Cyber Crime Coordination Centre (I4C) as an attached office to deal with all types of cybercrimes in the country in a coordinated and comprehensive manner. The 'National Cyber Crime Reporting Portal' ( NCRP ) has been launched, as part of I4C, to enable the public to report incidents pertaining to all types of cybercrimes, with special focus on crimes against women and children," the MoS said in his reply. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management Others Design Thinking Public Policy Data Analytics Healthcare healthcare Management others Data Science Technology PGDM Digital Marketing Cybersecurity Finance Leadership Operations Management MCA Artificial Intelligence Degree Data Science CXO Project Management Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details The Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), under I4C, was launched in 2021 for immediate reporting of financial frauds and to stop siphoning off funds by fraudsters. As per CFCFRMS, operated by I4C, over Rs 5,489 crore has been saved in more than 17.82 lakh complaints so far, Bandi stated. The Cyber Fraud Mitigation Centre (CFMC) has been established at I4C, where representatives of major banks, financial intermediaries, payment aggregators, telecom service providers, IT intermediaries, and states and UTs work together for immediate action and seamless cooperation to tackle cybercrime. MHA has also provided financial assistance under the Cyber Crime Prevention Against Women and Children (CCPWC) scheme to states and UTs for capacity building. Cyber forensic-cum-training laboratories have trained 24,600 law enforcement personnel, judicial officers and prosecutors, the reply noted. Live Events A state-of-the-art National Cyber Forensic Laboratory (Investigation) has been set up and has provided services in around 12,460 cybercrime cases so far. The Massive Open Online Courses (MOOC) platform, namely CyTrain portal, has trained over 1,05,796 police officers from states and UTs. The module Pratibimb, which maps locations of criminals and crime infrastructure, has led to the arrest of 10,599 accused, 26,096 linkages, and 63,019 cyber investigation assistance requests.
India.com
7 hours ago
- Business
- India.com
Real-Time Dark Web, Open Intelligence Key To Indian Cybersecurity: Expert
Cybersecurity threats are taking a toll on the Indian economy. According to a projection made by the Indian Cyber Crime Coordination Centre (I4C), under the Union Ministry of Home Affairs (MHA), Indians may lose over Rs 1.2 lakh crore over the next year due to cyber frauds. According to the government data, Indians lost Rs 22,845.73 crore to cyber criminals in 2024, a 206% surge from the Rs 7,465.18 crore in 2023. Notably, not only individuals but even corporate firms fall prey to cybercrime. Experts are of the opinion that besides growing awareness, adoption of real-time tools can help minimise this loss. With cyber threats in India becoming more sophisticated and frequent, real-time data and AI-integration can prove game-changing. Indian cybersecurity professionals need to tap into real-time threat data – including underground chatter, CVE alerts, and threat actor profiling – using conversational AI interfaces, eliminating the need for complex manual queries, feel experts. "Real-time data is the frontline defence in cybersecurity—it enables instant detection, rapid response, and proactive threat prevention before damage is done," said Nandakishore Harikumar, Founder, Falcon Feeds, global threat intelligence platform. Notably, Falcon Feeds has rolled out its new MCP (Model Context Protocol) Server in India that enables enterprises and government agencies to access actionable threat intelligence through simple natural language interactions. Experts feel that there is a need to aggregate intelligence from dark web, deep web, and open web sources to counter cyberthreats. "AI is becoming the co-pilot we never knew we needed. Organisations are finding practical ways to weave AI into their day-to-day operations. We're seeing development teams cut down iteration times, design processes become more collaborative, and products genuinely adapt to user needs. The real opportunity is viewing AI as a productivity multiplier, not a replacement," said Nandhu S, Product Engineer, Falcon Feeds. India faced significant cybersecurity challenges in 2024. This alarming figure highlights the growing sophistication and frequency of cyberattacks targeting individuals, businesses, and government systems. As digital dependence deepens across sectors, threats like phishing, ransomware, data breaches, and financial fraud have become more prevalent. The scale of these attacks underscores the urgent need for stronger cybersecurity measures, public awareness, and capacity-building. Promoting digital literacy, adopting robust security protocols, and encouraging timely reporting of incidents are essential steps toward building a safer cyber ecosystem in India.
Scroll.in
15 hours ago
- Scroll.in
Indians lost Rs 22,845 crore to cyber fraud in 2024, a 206% rise from previous year: Centre
Indians lost Rs 22,845.7 crore due to cyber fraud in 2024, the Union government told Parliament on Tuesday. This was nearly 206% higher than the Rs 7,465.1 crore loss reported in 2023. In a written reply in the Lok Sabha, Minister of State for Home Affairs Bandi Sanjay Kumar said that more than 22.6 lakh cybercrime incidents were registered on the National Cyber Crime Reporting Portal in 2024. The number of such crimes increased by 42% as compared to 2023, when nearly 16 lakh incidents were reported. In 2022, around 10.3 lakh incidents of cybercrime were registered on the portal, said Kumar. Listing the steps taken by the government to tackle cyber crimes, the minister said that the Centre has so far blocked more than 9.4 lakh SIM cards and over 2.6 lakh International Mobile Equipment Identity numbers, or IMEIs, based on police reports. Kumar added that the Indian Cybercrime Coordination Centre, or I4C, launched a suspect registry of identifiers of cyber criminals in September, in collaboration with banks. The I4C monitors cyber crimes at the national level. 'So far, more than 11 lakh suspect identifier data received from banks and 24 lakh Layer 1 mule accounts have been shared with the participating entities of Suspect Registry and saved more than Rs 4,631 crores,' the minister told Lok Sabha. A 'layer 1 mule account' is created either by using stolen personal details – individuals' Aadhaar and PAN card details – or by luring people with money into lending or renting their bank accounts for the operation. In October, the Union home ministry said that investigation agencies in India were identifying 4,000 mule accounts every day that are used to receive and transfer funds illegally on behalf of others. The ministry said in March that Indians had lost Rs 2,576 crore to 'digital arrest scams and related cybercrimes' between 2022 and February 2025. In cases of 'digital arrest', criminals usually orchestrate the fraud by posing as law enforcement officers, often wearing uniforms and making video calls to victims from locations made to resemble government offices or police stations. They demand money for a 'compromise' and 'closure of a case' against the victims. In some cases, the victims are 'digitally arrested' with the scamsters claiming that the persons are required to be visible until their demands are met. The I4C had previously found that 46% of the cyber frauds reported between January 2024 and April 2024 originated in Cambodia, Laos and Myanmar. In January, Scroll published a series of extensive reports about Chinese crime syndicates that run cyber crime centres from Southeast Asia, mainly Cambodia, Myanmar and Laos. These highly sophisticated 'scam compounds' are staffed with thousands of people, many of them from India, who are lured with fake job offers and then forced to work on scamming people back home. However, those who make scam calls from such centres are victims themselves, having been lured into going abroad through fake job offers, Scroll found. When they tried to leave, they were 'beaten mercilessly'. India's Ministry of External Affairs has warned citizens against fake job offers in Cambodia and Laos, and urged them to seek employment only through authorised agents approved by the government.
Time of India
a day ago
- Business
- Time of India
India's cybercrime reporting systems logged 36 lakh fraud cases in 2024; Rs 22,845 crore lost, over 10,000 arrested
Representative image NEW DELHI: Citizens reported losses of over Rs 22,845 crore to cyber financial frauds last year, which marks a 206% surge from the Rs 7,465 crore losses reported in 2023, the ministry of home affairs (MHA) informed the Lok Sabha on Tuesday. Replying to a question, junior home minister Bandi Sanjay Kumar said 36.4 lakh financial frauds were reported via the national cybercrime reporting portal (NCRP) and the citizen financial cyber fraud reporting and management system (CFCFRMS) operated by Indian Cyber Crime Coordination Centre (I4C), which comes under purview of MHA. As compared to this, 24.4 lakh incidents of financial fraud were reported in 2023. The total cyber crimes reported on NCRP alone witnessed a 42% increase to 22.7 lakh in 2024 as compared to 15.9 lakh in 2023, said Kumar. While NCRP was launched by I4C in 2019, CFCFRMS was started in 2021 for immediate reporting of financial frauds and to stop siphoning off funds by the fraudsters. The minister told the Lok Sabha that CFCFRMS had so far saved more than Rs 5,489 crore in more than 17.8 lakh complaints. Giving details of the action taken by the government against cyber criminals, the minister said so far, more than 9.42 lakh SIM cards and 2,63,348 IMEIs, as reported by police authorities, have been blocked by the Centre. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Swelling and internal bleeding in the brain, help this baby Donate For Health Donate Now Undo A suspect registry of identifiers of cyber criminals was launched by I4C on September 10, 2024, in collaboration with banks and financial institutions. So far, more than 11 lakh suspect identifier data received from banks and 24 lakh Layer 1 mule accounts have been shared with the participating entities of suspect registry and saved over Rs 4631 crore, said Kumar. According to him, the 'Pratibimb' module, which maps locations of criminals and crime infrastructure to give visibility to jurisdictional officers, has, by offering techno-legal assistance to law enforcement agencies, led to the arrest of 10,599 accused, 26,096 linkages and 63,019 cyber investigation assistance requests.
New Indian Express
a day ago
- Business
- New Indian Express
Indian citizens lost over Rs 22,845 crore to online fraudsters in 2024: MHA in Lok Sabha
NEW DELHI: The Union Ministry of Home Affairs (MHA) on Tuesday officially confirmed that Indian citizens have lost more than Rs 22,845.73 crore in cyber fraud cases in 2024, which is a whopping jump of nearly 206 percent in comparison to the previous year's data. Responding to a written question in Lok Sabha Minister of State (MoS) for Home Bandi Sanjay Kumar said that according to the National Cyber Crime Reporting Portal (NCRP) and Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) operated by the I4C under the MHA, 'total amount of losses incurred by citizens due to cyber frauds in the entire country' in 2024 was Rs 22,845.73 crore as compared to Rs 7,465.18 crore in the previous year. Kumar said 36,37,288 incidents of online financial frauds were reported on NCRP and CFCFRMS in 2024 as compared to 24,42,978 in 2023. According to the data shared by the MoS, 10,29,026 cyber crimes were reported on NCRP in 2022 with a 127.44 percent increase over the previous year, 15,96,493 incidents were reported in 2023 showing 55.15 percent increment, and 22,68,346 cases were reported in 2024, reflecting a 42.08 percent increase. 'The CFCFRMS, under I4C, was launched in 2021 for immediate reporting of financial frauds and to stop siphoning off funds by the fraudsters,' the Minister said, adding that however, wealth amounting to Rs 5,489 crore has been saved in more than 17.82 lakh complaints reported on it so far.
