If all the cases from the National Cyber Crime Reporting Portal are included, the surge is even higher. Many frauds reported on the portal are not recorded as banking frauds because the money is transferred voluntarily to a third party masquerading as a merchant or service provider.
Cyberhaven was not the only organization hit by the hackers, according to Jaime Blasco, cofounder of Austin, Texas-based Nudge Security.
Chinese hackers breached the US Treasury by exploiting a third-party software service, accessing unclassified documents and workstations. The investigation, led…
Prime Minister Narendra Modi urged the police to turn challenges posed by digital frauds and cyber crimes into opportunities by…