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Many people around the world invest their hard-earned money in order to increase its value. Investments can be carried out through various channels and online investments are quite popular as they are a convenient way to earn some extra cash. However, the world of online investments is full of <keyword id="19962622" type="General" weightage="20" keywordseo="scammers" source="keywords">scammers</keyword> as well who constantly look out for unsuspecting victims. In many cases, these scammers pose as financial advisors and lure people in their trap. They might even let the victim earn some money to prove their authenticity. Once the victim begins trusting them, the fraudsters show their true colourrs. Something similar happened with a man from Hyderabad, who fell victim to a <keyword id="19901142" type="General" weightage="20" keywordseo="cyber-fraud" source="keywords">cyber fraud</keyword>, losing Rs 8.17 lakh in a deceptive <keyword id="22852878" type="General" weightage="20" keywordseo="online-trading-scheme" source="keywords">online trading scheme</keyword>. The incident highlights the growing menace of <keyword id="19971937" type="General" weightage="20" keywordseo="cybercrime" source="keywords">cybercrime</keyword>, especially in the form of <keyword id="21250548" type="General" weightage="100" keywordseo="investment-scams" source="keywords">investment scams</keyword> that prey on unsuspecting individuals seeking quick profits. <h2>How the scam unfolded</h2>As per a report in New Indian Express, the 40-year-old man was initially contacted through random calls, including messages on Telegram, where he was lured into joining a group that claimed to offer profitable trading opportunities. The scammers added him to social media groups where they showcased the supposed success stories of others who had invested and made significant profits. Encouraged by these (false) success stories, the victim began by investing a small amount of money. To his surprise, he quickly received returns on his initial investment, which further convinced him of the scheme’s legitimacy. This early success was part of the scammers' strategy to build trust and encourage the victim to invest larger amounts. As the victim's confidence grew, he decided to invest more money, even going as far as taking bank loans and borrowing from friends to increase his trading capital. The scammers, posing as experienced traders, provided him with tips and advice, which seemed to be leading to profitable trades. However, as time passed, the victim started noticing irregularities. Despite his trades showing profits, the system would automatically close them, resulting in losses. When he questioned this, the scammers blamed the system’s automated processes and reassured him that his losses could be recovered by investing more. The situation reached a tipping point when the victim was unable to withdraw any funds from the trading app. Growing increasingly concerned, he approached a friend for a loan, explaining his predicament. It was this friend who first alerted him to the possibility that he was being scammed. Realizing the gravity of the situation, the victim immediately filed an online complaint with the cybercrime police. <keyword id="22852879" type="General" weightage="20" keywordseo="Hyderabad-Cyber-Crimes-police" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyderabad Cyber Crimes police" meta.hostid="261" meta.entityid="Hyderabad Cyber Crimes police">Hyderabad Cyber Crimes police</keyword> have registered a case and are currently investigating the matter. According to an official statement, the scammers had manipulated the trading app from the backend, deliberately causing the victim’s trades to close in losses even when they were in profit. The fraudsters continued to pressure the victim to transfer more funds, promising that he could recover his losses by making additional investments. <h2>How to protect yourself from such scams</h2>This incident serves as a stark reminder of the dangers of online investment schemes, particularly those that promise quick and easy profits. Cybercriminals often use sophisticated tactics to build trust with their victims, only to deceive them into losing substantial amounts of money. Thus, if you receive random calls or messages offering investment opportunities, approach them with caution. Scammers often use high-pressure tactics to convince you to invest quickly. If you do decide to invest, before going ahead, research the platform or group thoroughly. Check for reviews, and verify if the platform is registered with relevant financial authorities. In addition to this, be cautious about sharing your financial details or personal information with unknown parties, especially through unsecured communication channels. Also, if you are considering a new investment opportunity, seek advice from trusted friends, family members, or financial advisors. A second opinion can help you avoid making hasty decisions based on false promises.

Hyderabad man uses online trading app to try and earn some extra money, loses Rs 8 lakh

Hyderabad, The <keyword id="50847" type="General" weightage="50" keywordseo="reserve-bank" source="Orion">Reserve Bank</keyword> has imposed a penalty of Rs 65 lakh on city-based <keyword id="17873662" type="General" weightage="20" keywordseo="ap-mahesh-co-operative" source="Orion">AP Mahesh Co-operative</keyword> <keyword id="283059" type="General" weightage="50" keywordseo="urban-bank" source="Orion">Urban Bank</keyword>, for non-compliance with provisions of <keyword id="17873661" type="General" weightage="50" keywordseo="cyber-security-framework-for-primary" source="Orion">Cyber Security Framework for Primary</keyword> (Urban) cooperative banks, <keyword id="129368" type="General" weightage="80" keywordseo="hyderabad-police" source="Orion">Hyderabad Police</keyword> said on Saturday. The central bank imposed the monetary penalty of Rs 65 lakh on AP Mahesh Co-operative Bank after the RBI's thorough cyber audit and the Hyderabad police investigation revealed the bank's significant "lapses" which led to the breach pertaining to the case wherein hackers breached the bank's systems through phishing mails and siphoned off Rs 12.48 crore in January 2022. "The RBI's thorough cyber audit and the police investigation revealed the bank's significant lapses which led to the breach. This is the first time ever that such an action has been taken against any Bank. All banks should adhere to cyber security practices to avoid such loss of public money and crucial data," a release from Hyderabad Police said. After AP Mahesh Co-operative Urban Bank reported the cyber-fraud incident, a case was registered and police said the criminal act was carried out through a series of phishing emails that were cleverly disguised and sent to bank employees. Upon opening these malicious emails, the employees' systems were compromised, providing the fraudsters full access to the bank's network. During the course of the investigation of the case several perpetrators, including Nigerian nationals, were arrested, police said. "This investigation also revealed bank's negligence which is evident from its failure to implement Cyber security measures, such as an Anti-phishing application, Intrusion prevention and detection systems, and Real-time threat defense and management systems, as mandated by the RBI," Hyderabad Police said. These Cyber Security components are indispensable for safeguarding cyber landscape, and were found to be conspicuously absent within the bank's cyber security infrastructure, the release said adding Hyderabad Police Commissioner CV Anand, corresponded with the RBI Governor, highlighting the critical lapses and requested for the suspension of the bank's license to operate. The current legal framework did not allow for the criminal negligence charges against the bank management, it said. "Nevertheless, the Hyderabad City Police pursued the matter which resulted in the RBI imposing a monetary penalty of Rs 65 lakh on AP Mahesh Co-operative Bank," the release added.

RBI imposes first-of-its-kind penalty on AP Mahesh co-op bank for cyber security violations

Hosting two <keyword id="22177" type="General" weightage="50" keywordseo="world-cup" source="Orion">World Cup</keyword> games in as many days is not ideal for organisational as well as security reasons and hope a one day breather is provided, said a <keyword id="66464" type="General" weightage="50" keywordseo="hyderabad-cricket-association" source="Orion">Hyderabad Cricket Association</keyword> (<keyword id="6374916" type="General" weightage="80" keywordseo="hca" source="Orion">HCA</keyword>) official on Sunday, signalling another change in schedule for the ODI showpiece beginning in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> on October 5. After a much-delayed schedule announcement in June, the <keyword id="6354756" type="General" weightage="80" keywordseo="bcci" source="Orion">BCCI</keyword> and ICC rescheduled as many as nine games earlier this month, including the marquee clash between India and Pakistan. With the Indo-Pak fixture in Ahmedabad advanced by a day on October 15, Pakistan's game against Sri Lanka in <keyword id="6354552" type="General" weightage="50" keywordseo="hyderabad" source="Orion">Hyderabad</keyword> was moved to October 10 from October 12. The HCA is also hosting New Zealand versus Netherlands on October 9. Now, with Hyderabad police expressing its reservations on providing security for back-to-back games, another change is on the cards. "I can't say it would be changed for sure but back to back games are not ideal. I mean if they (BCCI) are reconsidering that will be well in good. We will have to work with security agencies. "Anyone would want a day in between two World Cup games. We are still engaging with security agencies to see if it is possible or not. At the same time we are also keeping BCCI in the loop. The BCCI is completely aware of what we are trying to do," said an HCA official on condition of anonymity. For an international game, the Hyderabad Police deploys between 2000-2500 personnel. "Deployment also depends on nature of the game and how many people turn up. Police makes those assessments and deploys accordingly," the official added. Considering Pakistan's involvement in one of those games, the security is expected to be heightened. Pakistan, who will play in India for the first time since T20 World Cup 2016, will have a lengthy stay in Hyderabad as they play two warm-up games before featuring in as many tournament proper matches at the venue. Their opening fixture is against Netherlands at the Rajiv Gandhi International Stadium on October 6. The ticket sales for the ODI mega event start on August 25, not providing enough time to the average cricket fan to plan his or her travel. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/audi-has-announced-the-launch-of-the-q8-e-tron-and-the-q8-sportback-e-tron-electric-cars-in-india/slidelist/102836760.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/audi-has-announced-the-launch-of-the-q8-e-tron-and-the-q8-sportback-e-tron-electric-cars-in-india/slidelist/102836760.cms" target="_blank">Audi Q8 e-tron and Q8 Sportback e-tron launched in India with more than 500 KM Range</a> <a href="https://www.businessinsider.in/tech/news/indian-pc-market-declines-for-fourth-consecutive-quarter-reports-15-decline/articleshow/102822733.cms">Indian PC market declines for fourth consecutive quarter, reports 15% decline</a> <a href="https://www.businessinsider.in/tech/mobile/news/india-crosses-the-2-billion-mark-in-its-journey-to-become-a-smartphone-manufacturing-powerhouse/articleshow/102760757.cms">India crosses the 2 billion mark in its journey to become a smartphone manufacturing powerhouse</a>

Another change in World Cup schedule on cards as HCA says back-to-back games not ideal

With incidences of young men suddenly collapsing and succumbing to cardiac arrests on rise in Telangana, the state government has embarked on a programme to train one lakh people in Cardiopulmonary Resuscitation (CPR) training and placed orders for 1,400 defibrillators for deploying them in public places. The health department has taken the initiative to train one lakh people in CPR. Health Minister T. Harish Rao along with municipal administration minister K. T. <keyword id="82835" type="General" weightage="80" keywordseo="rama-rao" source="Orion">Rama Rao</keyword> launched the programme on Wednesday in association with GVK Emergency Management Research Institute (EMRI). The ministers voiced concern over the growing number of people succumbing to cardiac arrests. Rama Rao said the visuals of a 24-year-old police constable succumbing to cardiac arrest while working out at a gym and another 19-year-old collapsing while dancing were shocking. Telangana witnessed four such cases in a span of 10 days. Three deaths occurred in <keyword id="6354552" type="General" weightage="100" keywordseo="hyderabad" source="Orion">Hyderabad</keyword> alone. The minister said if people are trained in CPR, they can help save lives in such emergencies. CPR-trained people will be deployed in public places like bus and railway stations, malls and government offices. Harish Rao said that the statistics show that 4,000 people are falling to sudden cardiac arrest everyday and according to the World Health Organization (WHO), nine out of 10 people can be saved with methods like CPR and use of defibrillators. Meanwhile, minister <keyword id="6357854" type="General" weightage="80" keywordseo="ktr" source="Orion">KTR</keyword> has also announced that orders for 1,400 defibrillators (AEDs) have been placed. KTR announced this in response to a tweet by senior interventional cardiologist. The minister said the number of defibrillators will be increased going forward. Automatic External Defibrillators (AEDs) will be deployed in public areas. Dr <keyword id="4463080" type="General" weightage="50" keywordseo="mukharjee-madivada" source="Orion">Mukharjee Madivada</keyword> had recently suggested to KTR to install defibrillators in public places in Hyderabad as these will save lives. He had pointed out that sudden death is becoming more common especially after the Covid pandemic. "CPR can save a significant number of people who experience sudden cardiac arrest. AED is a critical part of CPR and even lay people can use it with a simple training and public access defibrillators are already installed in majority of world class cities," the doctor had tweeted. According to <keyword id="16681152" type="General" weightage="50" keywordseo="dr-hari-ram" source="Orion">Dr Hari Ram</keyword>, Senior consultant and head, interventional cardiologist, SLG Hospitals, Hyderabad, bystander CPR can be initiated by the public also. The cardiologist says while AED are available in few places, people need to know how to use this device. Delay of initial treatment leads to decreased blood supply to all important organs like heart, brain, liver, kidney, gut and lungs. A man collapsed and died while playing badminton at Jayashankar Indoor Stadium Lalapet in Hyderabad on Tuesday. This was the fourth such incident in Telangana in 10 days. CCTV footage of these incidents have gone viral on social media. Visuals of young men collapsing while working out in the gym or dancing during the wedding or playing games have shocked people. On February 25, a 19-year-old collapsed and died while dancing at a wedding of his relative in Nirmal district. Mutyam, a native of Maharashtra, was dancing at the wedding reception of a relative in Pardi Avillage of Kubeer mandal of Nirmal district. A 24-year-old police constable died of cardiac arrest while working out at a gym in Hyderabad on February 22. On February 20, a man collapsed and died during a Haldi ceremony as part of the wedding of his relative in Hyderabad. The 40-year-old man was applying turmeric to the groom when he suddenly collapsed and died before he could be taken to a hospital. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/sc-panel-to-probe-adani-hindenburg-case-will-be-headed-by-former-judge-am-sapre/articleshow/98355184.cms">SC panel to probe Adani-Hindenburg case will be headed by former-judge AM Sapre</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/note-shortcuts-to-noise-cancellation-google-introduces-enhancements-to-android-and-wear-os-at-mwc-2023/articleshow/98355492.cms">Note Shortcuts to Noise Cancellation, Google introduces enhancements to Android and Wear OS at MWC 2023</a>

You Searched For "hyderabad police" and got 4 results

Hyderabad man uses online trading app to try and earn some extra money, loses Rs 8 lakh

Divyanshi Sharma

RBI imposes first-of-its-kind penalty on AP Mahesh co-op bank for cyber security violations

PTI

Another change in World Cup schedule on cards as HCA says back-to-back games not ideal

PTI

Hyderabad to install 1,400 defibrillators in public places as cardiac arrests rise

IANS

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