New Delhi: The Union Home Ministry has taken action against more than 100 websites that were involved in organized illegal investments and part-time job frauds, as per reports. These websites, as per an official statement, were operated by overseas individuals.
The Indian Cybercrime Coordination Centre (I4C), a unit of the Union Home Ministry’s vertical National Cybercrime Threat Analytics Unit (NCTAU), identified and recommended the blocking of these websites last week. They were found to be engaged in fraudulent investment schemes and part-time job scams.
According to a statement from the MHA, these websites, operated by overseas actors, employed digital advertisements, chat messengers, and mule or rented accounts to engage in task-based and organized illegal investment-related economic crimes.
The MHA revealed that proceeds from these economic frauds were being laundered out of India using card networks, cryptocurrency, overseas ATM withdrawals, and international Fintech companies. Numerous complaints were received through the 1930 helpline and NCRP, indicating the offenses’ severity and posing significant threats to citizens, along with data security concerns.
Operated by individuals from abroad, these platforms used digital advertisements, chat messengers, and rented accounts to conduct their activities. The statement also highlighted that the proceeds from these economic crimes were being laundered out of India through various means like card networks, cryptocurrencies, overseas ATM withdrawals, and international Fintech companies.
The I4C, an initiative by the Home Ministry, aims to address cybercrimes in the country by coordinating comprehensive efforts against such illegal activities.
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