Trading Fraud Archives - Vizag One https://www.vizagone.com/tag/trading-fraud/ Visakhapatnam - City of Destiny Sun, 25 Aug 2024 00:35:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Trading Fraud Archives - Vizag One https://www.vizagone.com/tag/trading-fraud/ 32 32 Cyber Crime Crackdown: Telangana Police Busts Major Criminal Network from Gujarat https://www.vizagone.com/news/cyber-crime-crackdown-telangana-police-busts-major-criminal-network-from-gujarat/ https://www.vizagone.com/news/cyber-crime-crackdown-telangana-police-busts-major-criminal-network-from-gujarat/#respond Sun, 25 Aug 2024 00:35:50 +0000 https://www.vizagone.com/?p=24949 The Telangana Cyber Crime Police's successful crackdown on a major criminal network operating across Gujarat and Telangana exposes the intricate web of cyber crime activities plaguing the region. As authorities apprehend key players orchestrating a multitude of fraudulent schemes, the battle against cyber criminals intensifies, underscoring the imperative of enhanced cybersecurity measures and public awareness to mitigate digital risks.

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In a major operation targeting cyber criminals operating between Gujarat and Telangana, the Telangana Cyber Crime Police successfully apprehended 36 most wanted accused, including a charted accountant, in a strategic mission in Gujarat City. The crackdown led by Hyderabad CP Kothakota Srinivas Reddy unveiled a network of cyber crime kingpins responsible for a staggering 983 cases nationwide, encompassing investment scams, trading fraud, and deceptive practices involving FedEx and courier services.

The recent surge in cyber crimes, facilitated by advanced technology, has seen criminals exploit platforms like WhatsApp to lure victims into fraudulent schemes under the guise of investments and trading opportunities. Particularly alarming is the rise of sophisticated tactics such as sending fake FIRs, RBI letters, and CBI notices to extort large sums of money from unsuspecting individuals. With the prevalence of scams involving OTPs and malicious links, CP Srinivas Reddy emphasized the importance of vigilance and caution to prevent falling prey to such schemes.

The collaborative efforts of the Telangana police have not only led to the apprehension of notorious criminals but also resulted in the recovery of funds linked to 131 cases in Telangana alone. With cyber criminals becoming increasingly adept at exploiting technological advancements for illicit gains, law enforcement agencies remain vigilant in combating cyber threats and safeguarding the public against financial fraud and digital deception.

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