Tag: Cyber Fraud
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
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...
