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Showing posts with label Fraud. Show all posts

Meghan Markle and Prince Harry's Names Used for Fake Celebrity Endorsement of Bitcoins?


While the Coronavirus pandemic has practically driven people to stay locked up in their homes and spend a lot more (in some cases almost all) of their time online, the possibilities for cyber-criminals have only flourished.

Cyber-security experts have realized this and made a note out of it that everyone knows the kind of danger is lurking in their cyber-world.

From elaborate scams to phishing attacks that target the victim’s personal information, there is a lot of people who need to be cautious about it.

The Cryptocurrency industry is going through a lot due to the current crisis the world is in. The 'crypto-partakers" are being particularly on the hit list with something as attention-grabbing as purportedly “celebrity endorsement”. The latest bait names for this attempt happen to be that of charming Meghan Markle and Prince Harry.

Well-known personalities’ names like Bill Gates, Lord Sugar and even Richard Branson have been misused to lure people in as a part of similar scams. It is not necessary for the people mentioned to belong to a particular industry. They could be anyone famous for that matter.

The scams are so elaborate that once fooled the victims can’t even trace the mal-agent and. The latest scam, per sources, employs a fake report from the “BBC” mentioning how Prince Harry and Meghan Markle found themselves a “wealth loophole”.
Per sources, they also assure their targets that in a matter of three to four months they could convert them into millionaires. Further on, allegedly, it is also mentioned that the royals think of the Cryptocurrency auto-trading as the “Bitcoin Evolution”. It reportedly also includes a fake statement to have been made by Prince Harry.

The overconfident scammers also declare that there is no other application that performs the trading with the accuracy like theirs. Reportedly, on their website, there are banners with “countdowns” forcing people to think that there are limited period offers.

According to researchers this is one of the many schemes desperate cyber-criminals resort to. People not as used to the Cryptocurrency industry and the trading area, in particular, are more vulnerable to such highly bogus scams and tricks that the cyber-criminals usually have up their sleeves.

Apps Generating Untraceable International Phone Numbers ?






Applications that generate international phone numbers that are super difficult to track are being employed by cyber criminals to rip people off.

A recent victim that had called the cyber-crime branch complained that they received a call from two spate numbers one with 001 and the other with 0063 as the country codes.

Per sources the app stores happen to contain 40 to 60 such apps through which cyber-cons could easily get these numbers.

Sources mentioned that allegedly “Dingtone” is an app via which a user can easily sift through a variety of country codes which are absolutely untraceable.

These cases according to the cyber-crime branch aren’t categorized separately but these are surely being registered and deliberated upon.



According to the cyber-security researchers a minimum of 500 cases come into existence per day in India alone with 40 cases pinning on major cities.

The police lack the technological efficiency as well as resources to possibly track the users of such applications. There is also a matter of jurisdiction.

Mostly, the above-mentioned apps are ‘not’ developed by Indian initiators but ironically originated from countries that have strict laws on removal of apps.

Information of the caller could seemingly be obtained by requesting the telecom service providers as such services are always linked together.

However, requesting the details of the callers from a telecom service provider abroad is extremely time-consuming. Besides, the CBI would require Mutual Legal Assistance Treaty with that very country.

As of now, such treaties exist with only 39 countries. In addition some countries could also demand a court order and furthermore the procedure in itself takes six to eighteen months.

Don't Dare Cancel Movie Tickets Online; You Could Be Subject To Fraud, "Vishing" To Blame!




A woman got scammed and was fraudulently ripped off of Rs.40,000 after she decided to cancel her movie tickets online. This is what exactly happened.


Reportedly a resident of Jankipuram, Lucknow, the aforementioned lady cancelled her movie tickets that she had booked via a popular website.

Things went sideways, when she called a "customer care executive" to claim a refund. 

This is a classic paradigm for "Vishing". The call version of Phishing, wrests money during the duration of the call.

Despite having cancelled her tickets within the stipulated period, the amount wasn't credited to her account.

She called the "customer care executive" and after he irritably answered she had to file a TOI report.

Furthermore she got a call from someone pretending to be from the ticket booking website she'd used.

The person lured her into giving away the details of her credit cards, putting up an act of helping her.

Pretty soon after the call was hung up, the woman noticed Rs. 40,000 missing from her account.


As customary to a "Vishing" fraud, the victim receives a call where the caller pretends to be a representative of a company.

To keep up the pretense, the caller would ask for the victim's details like name, date of birth and mobile number. Furthermore, the call's made from a landline.

The next step is pretty cliche. The victim ill be asked to reveal the details like their customer ID of online banking or credit/debit cards details.

Then come the bank account details followed by asking for the OTP on the victim's phone.

The main motive behind "Vishing" is hijacking the victim's online bank account and trying to harvest the money on it.

Cyber Tip:  No Legit Bank/Company Representative Would Ever Ask For Your Personal Details. Ever!

Indian Internet Companies Suffering Fake App Installations




Several companies nowadays spend lump sum amount on making their applications stand out in the midst of the rest. Getting somebody to install a mobile application once can be a challenge, however toss in a touch of little something beneficial and they might be willing to download the application multiple times.

India's biggest mobile payments company Paytm's , senior VP Deepak Abbot says that this is a problem that they encounter on a daily basis and more unbridled on third-party platforms or even ad networks outside Facebook and Google.

As indicated by him, a few systems, lure users to install an application by offering something as irrelevant as cash backs or other benefits, for example, recharge packs.

What's more is that is to avail such incentives,, utilizing different internet addresses or device IDs a few users do install and uninstall such applications numerous times.

As indicated by the official report by the company around 20% of Paytm app downloads are fake, that alludes to users installing and deleting the application without investing any time or energy in it or participating in any exchange, bringing about nil returns on the cost incurred in motivating users to install the application.

Indian internet companies are as of now thinking about a sharp increment in such cases of mobile fraud even as rising traffic to their mobile platforms and driving application installation have turned out to become critical for development in a hyper-competitive environment. 

In a report last year by the US advertising and marketing company TUNE the extortion identified with mobile app installations in India is 1.7 times higher than the worldwide average, with 16.2% of the application installations in the nation being false.

 “India is the No. 1 country in terms of organic and inorganic app installs but we have seen an 85% increase in fraudulent installs of apps in the last one year,” said Sanjay Trisal, country manager, India, at Tel Aviv- “While the incentive for fraud in terms of parameters such as money made per click is much higher in other markets, India is an attractive country for fraudsters due to the sheer volume of installs” headquartered by the mobile marketing analytics and attribution firm AppsFlyer that works with more than 450 companies here including Shopclues, Paytm and Goibibo.
The most prevalent mobile frauds in India include:

·       Click fraud,’ which pertains to an ad network generating fake clicks;
·       Attribution fraud,’ or claiming credit for an app installation even if a user has downloaded the app through organic channels;
·       Device fraud,’ wherein multiple installations are claimed from the same device by changing the device’s unique IMEI number using software;
·       IP fraud,’ which involves multiple clicks from a blacklisted IP address;
·        Incentive fraud,’ wherein users are incentivised to install an app, which doesn’t result in lasting engagement.

 “Everyone is getting smarter, and the worst part is fraud networks wrongly claiming (an app installation to be)… coming from (their) network. That’s the worst part because I am having to pay for a loyal person (user) whom I actually need not be paying for ”said Pawrush Elavia, director, growth and digital, at music streaming company Saavn.

Albeit paying advertisement networks helped the increment of the quantity of new users for Saavn, a few of these clients were neither tuning in to nor spending time on the application, and that was the end point that Elavia acknowledged they needed to fix.

Companies are now adopting to various strategies to counter the hazard but there is yet no full proof solution for it.

Some are putting resources into building misrepresentation detection technologies , while others are banding together with platforms that have practical experience  and specialise in distinguishing such frauds.

Because of this mayhem the Paytm competitor MobiKwik, which had been working with in excess of 25 ad networks to acquire more clients, has turned out to be exceptionally choosy about whom it works with.

 “We have blacklisted a few ad networks, although that is not a permanent solution but we’re also working very closely with attribution companies to detect fraud cases early on, while we want our folks to focus on growth,” said Damandeep Singh Soni, head of marketing and growth at MobiKwik.

With paid marketing channels becoming increasingly unreliable,  internet companies are trimming expenditure on paid channels in a big way too.

Ad networks say they, too, are engaged in battling fraud as they work both with advertisers and publishers. “All major ad networks are working towards a fraud-free system, where they are challenged by increasingly evolving fraudsters on one hand and insufficient transparency from the marketer on the other,” said Dippak Khurana, CEO of ad network Vserv, which is backed by IDG Ventures India and Maverick Capital Ventures.

The company has engaged with independent companies that provide mobile fraud-detection tools. “The challenge is in our category is that if we use the push approach, it doesn’t work because then the uninstalls become really, really high. We have moved away from that approach,” said Sneha Roy, head of marketing at online furniture retailer UrbanLadder that mainly works with Facebook and Google to get past users to install its app again. “We let customers browse through our mobile website and develop some engagement that kind of pushes installs.”

Nevertheless in spite of it all there are still several internet companies, which are trying their level best  to move away from such rabidly chasing new installations and are instead focusing on improving engagement with users.


Hacker Infiltrates the Company's IT Network; Businesses affected suffered an estimated $1.5 Million damages.






A 37-year-old man from Edmonton is facing fraud and extortion charges against him after a local business network was allegedly hacked by him.

The police said in a release that they had received a report over the alleged hacking of their IT infrastructure in July 2017. And believe that the suspect infiltrated the company’s IT Network and quite successfully took control over their email and smartphone servers and demanded payment in bitcoins in order to keep any further harm to the business.

 The EPS Cyber Crime Investigations Unit investigated the case further and managed to identify the alleged suspect successfully.

 The police postulate that the same man is responsible for hacking the networks of no less than four other Edmonton-based companies.

 “Once the networks were accessed, the suspect targeted financial data, including online store accounts and email accounts, from the companies as well as the employees.” Says, Const. Phil Hawkins.

Including moreover, he clarified that the type of intrusion that occurred in this case, which resulted in a momentous loss to the business, including the time and resources has affected the business in such a way that it suffered an estimated $1.5 million in combined damages.


The 37-year-old Jeffrey Johnston, therefore, is charged with 18 criminal offences including, three counts each dealing with mischief in relation to computer data, two each of fraudulently obtaining computer service, along with mischief related to data and unauthorized use of computer services and not to mention single counts of theft over $5,000.