Achive.php May 8, 2025 - The Cyber Shark
Contributor

Archives for May 8, 2025

Banks bolster cyber defence amid India-Pakistan missile tensions

cyber defence

Cyber Defence: Following India’s missile strikes on terror sites in Pakistan, banks have ramped up cybersecurity and physical security, especially near border areas. Measures include 24/7 cyber war rooms, anti-cyberattack protocols, and stocked ATMS to ensure service continuity. As India launched missile attacks on Pakistan and Pakistan-occupied Kashmir, banks strengthened their cybersecurity defences against potential cyberattacks. Because of the increased risk of a counterattack, banks have also strengthened security at their branches close to the border. Ashok Chandra, MD and CEO of Punjab National Bank, stated, “We have strengthened the cyber security mechanism… we have created a 24-hour war room to diffuse any cyber attack… we are prepared for any eventuality.” He added that the bank has made plans for the safety and security of its employees and has strengthened security at its branches in border areas. A senior executive from a different public sector bank claims that the bank has implemented an anti-cyberattack procedure to fend off any potential cyberattack. According to the official, ATMS in the border regions have been restocked with cash to ensure that users don’t experience any financial difficulties. The Indian military launched missile strikes on nine terror sites in Pakistan and Pakistan-occupied Kashmir early on May 7, 2025, in revenge for the Pahalgam terror attack. These targets included the base of Lashkar-e-Taiba in Muridke and the Jaish-e-Mohammad stronghold in Bahawalpur. The ‘Operation Sindoor‘ military attacks came two weeks after the terrorists killed 26 civilians in Pahalgam, Jammu and Kashmir. Leading stock exchanges BSE and NSE have blocked their websites to users from other countries as a precaution. A representative for the BSE explained the reasoning for the move by stating that “BSE, being a critical market infrastructure institution (MII), proactively and continuously monitors risks at domestic and international levels for potential cyber threats.”

Facebook clean-up: Why Meta removed over 23,000 accounts in Brazil and India

Facebook clean-up

Facebook clean-up: Meta removed over 23,000 Facebook accounts in Brazil and India linked to scams using deepfakes of public figures to promote fake investments and gambling apps. The company is enhancing security features and collaborating with Indian authorities to combat online fraud and protect users. On 07-05-2025, Meta announced that it had deleted over 23,000 Facebook Pages and accounts that were part of extensive scam operations that mostly targeted people in Brazil and India. The March takedown was a component of Meta’s larger initiatives to fight online fraud and increase public awareness of digital fraud. Meta claims that the fraudulent networks used deep fake technology to pose as well-known individuals, such as corporate leaders, cricket players, and producers of financial information. These edited movies purportedly featured public individuals promoting gambling apps and fraudulent investment schemes. Under the pretence of getting investment advice, consumers were taken to messaging platforms after interacting with the content. In several cases, consumers were tricked into downloading harmful gambling apps from a fake website that looked like the Google Play Store. Meta outlines several common scams. Meta described some increasingly common scam types as part of its effort to improve user protection. While payment scams usually take advantage of internet anonymity and urgency, investment scams frequently offer large returns on assets like shares, real estate, or cryptocurrency. Scammers who pose as vendors on websites like Facebook Marketplace and demand cash before vanishing without delivering the promised products are known to engage in advance payment fraud. Other tactics include Over Payment Frauds, in which con artists request a refund after claiming to have overpaid for an item, only to later reverse their initial (often fraudulent) transaction. As a result, Meta has implemented some security features on Facebook, Instagram, and WhatsApp, including scam alerts in Messenger and instructional materials to assist users in identifying fraudulent activities. To improve online safety, the internet giant said it is collaborating closely with Indian government agencies and civil society groups. Initiatives mentioned include cooperation with the Indian Cybercrime Coordination Centre, the Department of Telecommunications, and the Department of Consumer Affairs. Reiterating its dedication to digital security, Meta urged customers to stay alert and make use of the resources available to report and steer clear of frauds.

Cyber fraud awareness is raised by the Telangana Cyber Security Bureau (TGCSB)

Cyber fraud

The Telangana Cyber Security Bureau (TGCSB) conducted 325 awareness sessions across the state to educate citizens on rising cyber fraud trends. Warnings were issued about fake shopping sites, online task scams, and illegal betting apps, urging victims to report cases via WhatsApp at 8712672222. Hyderabad: The Telangana Cyber Security Bureau (TGCSB) organized a massive State-Wide awareness campaign with 325 sessions held across colleges, medical facilities, private offices, public gathering places, and bus stands to inform citizens about new trends in cybercrime and provide them with preventive measures. A component of Cyber Jagrukta Diwas was this. People were alerted to the existence of fake Instagram sites that use stolen photos to look authentic while showcasing sarees and other apparel. These websites take UPI and e-wallet payments and provide substantial discounts to entice customers. However, either poor quality things are sent, or no products are sent at all. The majority of these pages don’t display any validated company credentials or provide refund choices. Scammers also use offers of easy online chores, like liking videos, to target people. To earn the victim’s trust, they first offer little rewards. Later, they use promises of greater returns to persuade the victims to make larger investments. The scammers vanish after the money is sent, leaving the victims with losses. Fake websites posing as legitimate booking portals for FASTags or license plates were the subject of another alert. These websites gather private and auto data, impose deceptive fees, and never provide the services that are advertised. They also provide fictitious documents in certain cases to give the swindle the appearance of legitimacy. Additionally noted were online betting apps, which are prohibited in Telangana by the Telangana Gaming Act of 2017. These apps encourage money addiction and are frequently run from overseas. Influencers and websites that support or advertise these unlawful betting services are being severely targeted by authorities. Reporting via WhatsApp at 8712672222 is recommended for citizens who are the victims of such scams or who have information.