In Jamtara, India s cybercrime hotspot, a gang member was found to be making between Rs 1 lakh and Rs 1.5 lakh daily through credit card fraud. The earnings were revealed during the interrogation of three individuals who were apprehended by the police. The gang s modus operandi involved sending deceptive links to credit card holders, impersonating as bank representatives, and siphoning funds from victims accounts.
The emergence of new groups like Royal and Play is associated with the termination of Hive and Conti Ransomware-as-a-Service (RaaS) groups, reports Check Point Research.