Cyber extortion leaves Kolkata youth in financial distress
A youth fell victim to cyber extortion while trying to arrange Rs 51,000 for his sister's wedding.
A youth fell victim to cyber extortion while trying to arrange Rs 51,000 for his sister's wedding.
Information security company, CyberArk, on Sunday said that more than 91 per cent of the Indian organisations experienced ransomware attacks in 2022 while 55 per cent of the affected organisations reported paying up twice or more to allow recovery, signalling that they were likely victims of double extortion campaigns.
Proceeds of crime of more than Rs 1000 crore related to cyber and crypto assets frauds have been attached under the provisions of Prevention of Money Laundering Act, 2002 (PMLA), the Government informed the Lok Sabha on Monday.
India, with the world’s second-largest internet user base and an advanced technology sector, has been taking the initiative to offer help to friendly countries in the Indo-Pacific.
The officer said that cyber criminals are active in districts like Nawada, Nalanda, Aurangabad in Bihar.
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