digital payment fraud
CBI Uncovers Massive Rs 1,000 Crore International Cyber Fraud Network Operating Through 111 Shell Companies
Dec 14, 2025 01:58 pm CST
The Central Bureau of Investigation has dismantled a sophisticated international cyber fraud operation involving four foreign nationals and 111 shell companies that defrauded thousands across India through fake loan applications, bogus investment schemes, and fraudulent job offers. The network, which processed over Rs 1,000 crore through hundreds of bank accounts, was uncovered during Operation CHAKRA-V targeting organized cybercrime.
Viral QR Code Scam Exposed: How Fraudulent Parking Attendants Are Bypassing Official Payment Systems
Nov 07, 2025 08:41 pm CST
A sophisticated QR code scam operating in a Delhi parking lot has gone viral, showing how fraudsters are manipulating digital payment systems by using legitimate POS machines with unauthorized QR codes. The incident prompted responses from Razorpay and Paytm founders, highlighting growing concerns about digital payment security in India, where cybercrime losses reached Rs 22,842 crore in 2024.