CBI cracks down on transnational cybercrime network, arrests 26 in nationwide raids – India TV
Image Source : PTI (FILE IMAGE) Representational Image In a major crackdown on illegal and transnational cybercrime activities in India, the Central Bureau of Investigation (CBI) conducted coordinated searches at 32 different locations across the country and arrested over 26 individuals in connection with the case. According to available information, the case pertained to fraudulent activities carried out by a highly organized cybercrime network targeting victims globally. The group, posing as tech support services, approached their targets, especially in the USA. They convinced their targets that their systems had been hacked and that large unauthorized transactions were being made from their bank accounts, leading them to believe they were under surveillance by law enforcement agencies. Under the guise of protecting the victims’ finances, the cybercriminals then induced the victims to transfer their bank holdings into new accounts provided by the criminals. In some instances, they also coerced victims into transferring funds through international gift cards or cryptocurrency, resulting in significant financial losses for the victims. Based on these inputs, the CBI took swift action and …