cyber fraud

Latest news and articles about cyber fraud from NEX English

Thailand seizes $260 million in assets linked to fraud network

Thai authorities have confiscated assets valued at 8.3 billion baht ($260 million) belonging to individuals alleged to be behind a money laundering network connected to cross-border cyber fraud in Cambodia. This action is part of the government's ongoing efforts to combat financial crimes.

Warn of Cyber Fraud Using AI Representing 90% of Breaches

The United Arab Emirates has issued a significant warning regarding the rise of cyber fraud utilizing artificial intelligence, which now accounts for approximately <strong>90%</strong> of all recorded cyber breaches in the country. This alert comes amid a noticeable increase in cyberattacks across the nation.

Thai police arrest South Korean fraud gang in Bangkok

Thai police have arrested 11 South Koreans in a raid on a rented house in Bangkok, suspected of defrauding victims in their home country of up to <strong>65 million baht</strong>.

Arrest 152 Individuals in Sri Lanka for Chinese-Backed Cyber Fraud

Sri Lankan police arrested <strong>152 individuals</strong>, mostly from <strong>China</strong>, for operating a cyber fraud scheme from a hotel in <strong>Chilaw</strong>. This operation followed reports of suspicious activities in the area.

Warn Residents of Dubai About Fake Insurance Companies Targeting Them

Dubai Police have warned of an increase in fraudulent insurance companies targeting residents through social media, exploiting trust with enticing offers. This alert comes amid a rise in cyber fraud in the local market.

Sri Lanka Arrests 152 Individuals for China-Supported Cyber Fraud

Sri Lankan police arrested 152 individuals, mostly Chinese nationals, for allegedly managing a cyber fraud operation from a hotel in the northwest of the country. This operation followed credible information received by the authorities, leading to a raid on the hotel.

Warn Users About Risks of Fake Applications, Cybersecurity Council Says

The Cybersecurity Council has issued a warning regarding the dangers of downloading and using fake applications, highlighting that they may compromise user data. This alert comes amid a rise in cyber fraud incidents worldwide.