🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Financial frauds accounted for over 75% cyber crimes since 2020: Study
Economic Times
·
1y ago
Medial
Financial frauds have dominated cybercrimes in India, accounting for over 75% of cases from January 2020 to June 2023. Approximately 50% of these cases were related to UPI (Unified Payments Interface) and internet banking scams. Meanwhile, social media-related crimes, including impersonation, cyber-bullying, sexting, and email phishing, constituted 12% of online offenses. The data highlights the importance of robust cybersecurity measures for online financial transactions. Other categories of cybercrimes accounted for the remaining 9% of cases, encompassing various cybercrime types.
View Source
Related News
Surge in cybercrime raises alarm in Gujarat; Police appeal people to stay aware
Economic Times
·
1y ago
Medial
The cyber financial frauds in Gujarat have seen a significant increase, with CID receiving 40,000 complaints so far in 2024. According to CID ADGP Rajkumar Pandian, this number has been steadily rising, with 23,000 complaints in 2020 and 1,09,000 in 2023. Pandian highlights the importance of public awareness to prevent such crimes, urging victims to immediately contact the police so that their money can be protected and frozen.
View Source
Bengaluru police bust Rs 854 crore cyber fraud; know the details
IndianStartupNews
·
1y ago
Medial
The Bengaluru Police have arrested six individuals involved in a cyber fraud scam worth Rs 854 crore. The fraudsters deceived victims across India by promising high daily profits on small investments through WhatsApp and Telegram. They collected the funds in various bank accounts and laundered the money through online payment modes, including cryptocurrencies. This case highlights the rising concern of cyber fraud in India, with financial fraud accounting for over 75% of cyber crimes in the country.
View Source
Govt taking steps to curb cyber frauds: Union minister Jyotiraditya Scindia - The Economic Times
Economic Times
·
9d ago
Medial
The government is implementing various measures to combat cyber frauds, including using Digital Intelligence Platform and Fraud Risk Indicator (FRI) software. These tools categorize and share data of fraudulent individuals with banks, who block their transactions. Additionally, the Department of Telecommunications (DoT) disconnects suspicious mobile connections and enhances KYC processes to prevent misuse. Efforts have reduced international spoofed calls by 97%, with a focus on integrating multiple stakeholders against cyber crimes.
View Source
Mailing that Form 16 to yourself? It could trigger a corporate fraud alert
Livemint
·
24d ago
Medial
The rise in sophisticated corporate frauds, such as spoofed emails and KYC scams, is pushing Indian companies to boost defenses using legal counsel and AI. White-collar crimes have surged by 50-70% in sectors like financial services, leading firms to tighten internal controls and remain vigilant against anomalies. Companies increasingly disclose potential issues to leverage the confidentiality of the lawyer-client relationship while strengthening compliance amid tech-enabled fraud risks and remote work vulnerabilities.
View Source
Gaming industry to grow to Rs 25,300 crore by end of 2024-25: report
Economic Times
·
1y ago
Medial
According to a study by Grant Thornton Bharat and E-Gaming Federation, the gaming industry in India is projected to grow 20% year-on-year to reach Rs 25,300 crore by the end of the financial year. The study also reveals that India now has 442 million online gamers, surpassing China. The industry has attracted $2.8 billion in investments over the past five years. The report highlights the need for a code of conduct in the industry to address cyber threats, regulatory uncertainties, and financial risks, and to promote ethical standards and player protection measures.
View Source
Govt says cyber fraud cases jumped over four-fold in FY24, caused $20 million losses
Economic Times
·
5m ago
Medial
In fiscal year 2024, India saw over a fourfold increase in high-value cyber fraud cases, leading to $20 million in losses. Despite a booming $1 trillion mobile payments market, driven by affordable internet access, cyber literacy in the country lags, making people vulnerable to online frauds. The finance ministry reported nearly 29,082 such cases. Authorities have responded with measures like blacklisting spam callers and promoting public awareness campaigns to combat the growing threat.
View Source
Most data breaches on enterprise attack the supply chain
Techradar
·
1y ago
Medial
According to a report by security organization SecurityScorecard, 75% of data breaches in the enterprise were targeted through the software and technology supply chain. The majority of these breaches were related to the MOVEit managed file transfer software. The report also highlighted that 75% of organizations rely on manual third-party risk programs, highlighting the need for automation in cyber risk management. The healthcare industry was the most affected by third-party breaches, making up 35% of all attacks. North America accounted for 64% of all third-party breaches, with the majority occurring in the United States.
View Source
Paytm founder calls out scamster impersonating him; shares screenshots of hilarious exchange
Economic Times
·
2m ago
Medial
Paytm founder and CEO Vijay Shekhar Sharma shared screenshots of a humorous exchange with a scammer who impersonated him to obtain sensitive information. The scammer, claiming to be Sharma himself, demanded the company's financial details and requested suspicious actions. This incident highlights the rise of sophisticated digital scams. Concurrently, India's Telecom Department launched the 'Financial Fraud Risk Indicator' to enhance cyber protection and curb financial crimes by sharing intelligence with banks and financial institutions.
View Source
Women-led startups see $100 million in funding in first 2 months of 2024, Delhi-NCR tops list: Tracxn
Thehindubusinessline
·
1y ago
Medial
According to a report by data intelligence Tracxn, India has over 8,000 tech-based startups founded by women, which have raised a total of $23 billion in funding. Although the share of funding for women-led startups decreased by 75% in 2023 compared to the previous year, women-led startups accounted for more than 15% of overall startup funding in India from 2020 to 2022. Delhi-NCR has the highest number of women-led startups, followed by Bengaluru and Mumbai. Thriving sectors for women-led startups include B2C e-commerce, internet-first brands, and SaaS companies.
View Source
Giottus launches Handbook for Investigations into Virtual Digital Assets
Economic Times
·
4m ago
Medial
Giottus and Hash Legal released a 'Handbook for Investigations into Virtual Digital Assets' to aid law enforcement in handling crypto cases. The handbook includes procedures for crypto investigations, insights into crimes like money laundering and cyber fraud, and legal frameworks under Indian laws. It offers techniques for transaction tracing and cross-border investigations. The aim is to fill the knowledge gap among investigators and provide a practical guide for solving crypto-related crimes.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
