Tag: Cyber Fraud
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
ED Busts Global Cyber Scam, Seizes ₹2.83 Cr in Assets
India’s Enforcement Directorate has arrested a prime suspect behind a transnational cyber scam involving fake call centres that defrauded foreign nationals. The agency has...
₹3 Cr Scam: Fake Trading Apps Busted in Navi Mumbai
The Navi Mumbai Cyber Police have arrested two individuals for their role in a sophisticated ₹3 crore online trading scam that defrauded victims through...
Retired Banker Loses ₹4.75 Cr in Forex Scam
In one of the most high-value cyber frauds reported in Ludhiana this year, a retired banker was defrauded of ₹4.75 crore in a sophisticated...
Apple Blocks ₹77,000 Cr Fraud with App Store Defenses
Apple’s latest App Store Fraud Analysis Report reveals that the tech giant prevented nearly ₹77,000 crore (around $9 billion) in fraudulent transactions over the...
DoT Launches FRI to Flag Fraud-Prone Mobile Numbers
The Department of Telecommunications (DoT) has introduced a new analytical tool—Financial Fraud Risk Indicator (FRI)—to strengthen cyber fraud prevention across India’s financial ecosystem. Developed...
