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News on Medial
Over 100 websites blocked for facilitating organised illegal investments
Business Insider
·
1y ago
Medial
The Indian government has blocked more than 100 websites involved in facilitating organized illegal investments and part-time job frauds. Operated by overseas actors, these websites targeted retirees, women, and unemployed individuals seeking part-time employment. The move follows recommendations by the National Cybercrime Threat Analytics Unit of the Indian Cybercrime Coordination Centre, with the Ministry of Electronics and Information Technology exercising its power under the Information Technology Act, 2000, to block the identified websites involved in economic crimes and fraud.
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Indonesia bans search engine DuckDuckGo on gambling, pornography concerns
Economic Times
·
1y ago
Medial
Indonesia has announced the ban of DuckDuckGo, a privacy-focused search engine, citing concerns over its potential use to access illegal websites hosting pornography and online gambling. The country has strict regulations prohibiting the sharing of obscene content online, with platforms like Reddit and Vimeo already blocked. Indonesian officials claimed that DuckDuckGo was blocked due to numerous complaints about its search results containing explicit and gambling-related content. The Pennsylvania-based search engine has not responded to the ban yet, and the government did not specify how DuckDuckGo differs from other search engines. Indonesia has been actively cracking down on online gambling despite its popularity in the country.
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DoT Rolls Out New System To Block Spoofed International Calls
Inc42
·
10m ago
Medial
- 4.5 Mn spoofed calls blocked in first phase - Second phase of blocking expected to start soon - 1.77 Cr mobile connections disconnected due to fake documents - 33.48 Lakh connections blocked for cybercriminal activities - 11 Lakh bank accounts frozen linked to fraudulent connections - 71,000 SIM agents blacklisted for involvement in illegal activities
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Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
Economic Times
·
1m ago
Medial
India's GST, despite streamlining tax processes, presents a challenge with blocked working capital due to unutilized Input Tax Credit (ITC) from capital investments and procedural refund complexities. Businesses advocate for reform to allow cross-utilization of CGST credits and ITC usage for Reverse Charge Mechanism liabilities to boost liquidity. Solutions include facilitating refunds for capital goods purchases and year-end ITC, easing tax compliance burdens, and adopting global practices to enhance operational agility and scalability.
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Centre shuts 379 illegal loan websites, 91 phishing sites
Economic Times
·
1y ago
Medial
The Indian Cyber Crime Coordination Centre (I4C) has taken action against illegal loan applications and phishing websites. Between October 2023 and March 2024, I4C shut down 379 websites hosting illegal loan applications and removed 91 phishing or fake websites. The centre also collaborated with the National Internet Exchange of India (Nixi) to address the misuse of 'in' domains and deactivated 310 malicious domains during the same period. I4C's efforts, including the launch of the Citizen Financial Cyber Fraud Reporting and Management System, have saved over Rs 2,400 crore through more than 7.6 lakh complaints. The Reserve Bank of India has also noted a significant rise in online fraud cases.
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Govt Clamps Down On 19 Streaming Platforms Over Obscenity
Inc42
·
1y ago
Medial
The Indian Ministry of Information and Broadcasting has blocked 19 over-the-top (OTT) platforms, along with associated apps, websites, and social media accounts, for publishing obscene and vulgar content. The platforms, including Uncut Adda and Dreams Films, were found to be in violation of various sections of the IT Act and the Indecent Representation of Women (Prohibition) Act. The banned content included explicit scenes and links to attract viewers to their websites and apps. The move reflects the government's commitment to fostering the growth of the OTT industry while enforcing self-regulation.
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Illegal betting sites start new innings as IPL action picks up
Economic Times
·
1y ago
Medial
Illegal sports betting platforms such as Parimatch, Betway, 1XBet, Betfair, Crickex, Fairplay, and Lotus365 have increased their operations in India during the Indian Premier League (IPL), targeting cricket fans with discounts and promotions. E-Gaming Federation of India (EGF) has urged the government to ban these platforms, citing unlawful activities and risks to data, taxation, and national security. Despite online betting being prohibited in India, these websites continue to operate under different names and domains, offering special deals and enticing users. mFilterIt, a fraud detection agency, warns users of financial fraud and personal data misuse on these platforms. An estimated $100 billion in deposits were made on illegal betting sites in 2023, with the IPL being a driving force. The government is considering measures to address this issue, including a KYC database for legitimate players. The responsibility to crack down on these websites lies with the state governments.
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Govt issues orders to ban 22 illegal betting apps
Economic Times
·
1y ago
Medial
The Indian government has banned 22 illegal betting and gambling apps and websites, including the controversial app Mahadev Book Online. The Ministry of Electronics and Information Technology (MeitY) issued the order to block these apps and websites following investigations conducted by the Enforcement Directorate (ED) against Mahadev Book's unlawful operations. The ED had seized assets worth INR 417 crore in connection with the app in September and alleged that it made INR 450 crore per month by offering illegal bets through various online applications.
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Centre planning to raise odds against illegal betting companies
Economic Times
·
1y ago
Medial
The Indian government is considering tighter rules for UPI transfers to curb illegal gambling and betting platforms operating in India. It has discovered 114 such illegal platforms and plans to implement measures including tax collection at source, blocking unregistered online gaming firms, and a stricter verification process. These platforms are using proxy bank accounts to collect UPI payments and then remitting the funds through illegal channels. Offshore platforms like Parimatch, Fairplay, and Dafabet are among those operating illegally, using surrogate news websites and changing payment proxies to avoid detection.
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Nigeria demands Binance disclose top users, executives remain detained
TechCrunch
·
1y ago
Medial
Nigeria is reportedly requesting information from cryptocurrency exchange Binance about its top 100 users and transaction history from the past six months. This news comes alongside the recent detention of two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, who were invited by the Nigerian government to discuss Binance operations and restrictions. The central bank of Nigeria has raised concerns about unregistered crypto exchanges leading to tax revenue losses and accused Binance of illegal operations and facilitating illicit flows. Binance has since halted its naira services in response to the regulatory scrutiny.
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How scammers are using AI this holiday season to steal your money
Livemint
·
7m ago
Medial
Scammers are increasingly using artificial intelligence (AI) to target more victims during the holiday season. Visa reported a 200% surge in blocked credit card charges on Black Friday and Cyber Monday due to fraud attempts driven by AI. Mastercard also experienced a significant increase in blocked fraud attempts during this period. Scammers are utilizing AI to send out text messages, test large volumes of stolen credit card information, create fake online ads and websites, and even impersonate account holders. Despite efforts by banks to educate consumers and adopt AI for fraud detection, scams continue to occur.
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