CryptoMediaClub
Tuesday, June 17, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

India Companions with Google and Fb to Fight Crypto Pig Butchering Scams: 2024 Report

05.01.2025
A A
0
121
VIEWS
ShareShare

India is intensifying efforts to curb pig butchering scams, a type of funding fraud that leverages crypto, by collaborating with tech giants Google and Fb.

In keeping with the Indian Union Residence Ministry’s 2024 annual report, these scams primarily goal weak teams similar to unemployed youths, housewives, college students, and financially struggling people, exploiting their want for fast monetary positive aspects.

India Partners with Google and Facebook to Combat Crypto Pig Butchering Scams: 2024 Report
Supply: mha.gov.in

The report underscores the worldwide scale of the difficulty, which additionally includes large-scale cash laundering and cyber slavery.

How India Tackles Crypto Pig Butchering Scams with Google and Fb

Cyber fraudsters ceaselessly misuse Google’s commercial providers and Fb’s sponsored advertisements to launch fraudulent purposes and malicious phishing schemes.

To counter this, the Indian Cyber Crime Coordination Centre (I4C) has partnered with these tech platforms to handle the rising price of cybercrimes occurring via their providers.

India Partners with Google and Facebook to Combat Crypto Pig Butchering Scams: 2024 Report
Supply: mha.gov.in

I4C collaborates carefully with Google to flag suspicious digital lending apps, monitor the misuse of Google’s Firebase domains, and block Android banking malware.

The middle additionally shares lists of phishing advertisers with Google to make sure swift motion is taken.

Moreover, Google Pay has been built-in into the Citizen Monetary Cyber Frauds Reporting and Administration System (CFCFRMS), enabling authorities to intercept and hint fraudulent transactions.

This integration has saved over ₹16 billion, benefiting greater than 575,000 victims.

Equally, Fb performs a key function in figuring out and eradicating unlawful lending apps and scam-related ads flagged by I4C.

By sharing intelligence on rip-off pages and phishing hyperlinks, I4C ensures swift motion from Fb to dismantle these operations.

These initiatives equip regulation enforcement companies with the mandatory abilities to trace blockchain transactions, seize illicit digital belongings, and dismantle crypto fraud networks.

Cyber Fraud Reporting and Tackling Crypto Scams in India

The Nationwide Cybercrime Reporting Portal (NCRP), managed by I4C, affords residents an accessible platform to report cybercrimes, specializing in monetary fraud and crimes in opposition to girls and youngsters.

This initiative seeks to extend public belief and streamline the decision of cybercrime instances.

The institution of the Nationwide Counter Ransomware Activity Drive additional strengthens India’s cybersecurity framework.

This job drive collaborates with monetary establishments, cost platforms, and cryptocurrency exchanges to stop large-scale cyber incidents.

Moreover, I4C, because the nationwide nodal company, has the authority underneath Part 79(3)(b) of the Data Know-how Act 2000 to require the elimination of unlawful content material, serving to to disrupt cybercrime operations successfully.

India’s Monetary Intelligence Unit enforces stringent rules, requiring all cryptocurrency exchanges working throughout the nation to register as reporting entities.

The Enforcement Directorate (ED) has intensified its efforts, freezing thousands and thousands in illicit belongings and dismantling high-profile scams.

India’s rise as the worldwide chief in crypto adoption in 2024 underscores the significance of those measures, bolstered by excessive cellular entry, an unbanked inhabitants, and a tech-savvy youth era.

🇮🇳In keeping with the “2024 International Adoption Index” report from blockchain analytics agency Chainalysis, India ranks because the primary nation for crypto adoption.#IndiaWeb3 #CryptoAdoptionhttps://t.co/xN7rQYjHMT

— Cryptonews.com (@cryptonews) December 10, 2024

A Dec 2024 report from Chainalysis and TRM Labs highlights India’s speedy progress in digital asset utilization, with the crypto market projected to hit $6.6 billion on the finish of 2024.

The publish India Companions with Google and Fb to Fight Crypto Pig Butchering Scams: 2024 Report appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean
All news

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean

17.06.2025
0

Key Takeaways: Trump Media & Technology Group has filed to launch a Bitcoin and Ethereum ETF, with Crypto.com as custodian...

Read moreDetails
ChatGPT’s o3 Pro Reveals Shocking DOGECOIN Price Prediction as It Tests Key $0.175 Support

ChatGPT’s o3 Pro Reveals Shocking DOGECOIN Price Prediction as It Tests Key $0.175 Support

16.06.2025
Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

16.06.2025
Telegram Gets Its First Native DeFi Lending App With Affluent Launch

Telegram Gets Its First Native DeFi Lending App With Affluent Launch

16.06.2025
Shopify Launches USDC Cross-Border Payments in 34 Countries

Shopify Launches USDC Cross-Border Payments in 34 Countries

16.06.2025
Load More
Next Post
Coinbase Acquires Cyprus Subsidiary of BUX: Report

Coinbase Acquires Cyprus Subsidiary of BUX: Report

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Curve’s crvUSD depegs as market reacts to shock events

Curve’s crvUSD depegs as market reacts to shock events

2 years ago
Mastercard to Streamline B2B Payments in UAE and Saudi Arabia

Mastercard to Streamline B2B Payments in UAE and Saudi Arabia

7 months ago
Several Celebrities to Judge NFT Competition Benefiting AIDS Research

Several Celebrities to Judge NFT Competition Benefiting AIDS Research

2 years ago
Kraken To Distribute Mt.Gox Funds

Kraken To Distribute Mt.Gox Funds

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

Telegram Gets Its First Native DeFi Lending App With Affluent Launch

Investors price Metaplanet’s 10k Bitcoin holdings at $759k each as stock hits ¥1 trillion

Shopify Launches USDC Cross-Border Payments in 34 Countries

HYPE Explodes 10% to New All-Time High Above $44 – Is This the Top?

Bitcoin Whales and Retail Investors: Powerful Signal as Holding Reaches New Lows

Trending

Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing
Analysis

Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing

17.06.2025
0

Bitcoin (BTC) reclaimed the $108,000 threshold on June 16 as tensions of war escalating in the Middle...

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean

17.06.2025
ChatGPT’s o3 Pro Reveals Shocking DOGECOIN Price Prediction as It Tests Key $0.175 Support

ChatGPT’s o3 Pro Reveals Shocking DOGECOIN Price Prediction as It Tests Key $0.175 Support

16.06.2025
Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto

16.06.2025
Telegram Gets Its First Native DeFi Lending App With Affluent Launch

Telegram Gets Its First Native DeFi Lending App With Affluent Launch

16.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz