Stay informed with our weekly roundup of top 10 key happenings in tech, cyber and geopolitics. Discover the most significant developments, trends and breakthroughs shaping the industry, all in one concise update. The card image tiles are designed for easy recognition of the category to which the news belongs.
Massive Rs 870 Crore Ponzi Scam Shock Telangana: Thousands Duped, 2 Arrested
Thousands of investors in Telangana lost nearly ₹870 crore in a Ponzi scheme run by Falcon Invoice Discounting, which falsely claimed ties to Amazon and Britannia. Authorities have arrested two individuals and are searching for founder Amardeep Kumar. The scheme raised ₹1,700 crore but defaulted after partial repayments. Victims are now exploring legal action.
Read moreKaveri 2.0 Portal Hit by Disruptions in Karnataka: Possible DDoS Attack Raise Concerns
Karnataka Kaveri 2.0 web portal faced frequent server crashes in January 2024, suspected to be a DDoS attack. DDoS attacks overwhelm systems with excessive traffic, disrupting services. India has strengthened cybersecurity with new policies, increased funding, and monitoring agencies. Mitigation measures include AI-driven detection, rate limiting, CAPTCHAs, and cloud-based protection to defend against evolving cyber threats.
Read moreCyberabad EOW Arrest Two in Rs 850 Crore Falcon Invoice Ponzi Scheme
Cyberabad Economic Offences Wing arrested two individuals linked to an ₹850 crore Ponzi scheme run via Falcon Invoice Discounting. The scam lured investors with fake high-return promises, amassing ₹1,700 crore since 2021. Key accused remain absconding. Funds were diverted into multiple ventures. Authorities warn against fraudulent schemes and continue efforts to recover investor losses.
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New Golang-Based Backdoor Use Telegram Bot API for Evasive C2 Operations
Researchers uncovered a Golang-based backdoor using Telegram for command-and-control (C2) operations, likely of Russian origin. It executes commands via PowerShell, persists itself, and can self-destruct. The malware, still under development, exploits Telegram Bot API for communication. Experts warn attackers leverage cloud apps for stealthy operations, posing challenges for cybersecurity defenders.
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Microsoft isnt automatically keeping you signed in to your account just yet
Microsoft mistakenly announced changes to its sign-in process, planning to keep users signed in by default. However, the company clarified that no such changes will occur in February. Future updates may remove the “stay signed in” prompt, requiring users to manually log out on shared devices or use private browsing for security.
Read moreNvidia GeForce RTX 5070 Ti review: a cheaper RTX 4080
Nvidia RTX 5070 Ti offers near-RTX 4080 performance for $749, excelling in 1440p and 4K gaming. It outperforms the RTX 4070 Ti by 14% at 4K but lacks a major generational leap. Pricing may exceed MSRP due to GPU shortages. With AMD launching competing GPUs, a pricing battle could influence affordability.
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L3Harris provide multi-domain autonomous capabilities
L3Harris Technologies has launched Amorphous, a software platform for controlling thousands of autonomous military assets across land, sea, air, and space. Featuring open architecture and decentralized control, it enhances mission efficiency. The US Army and Defense Innovation Unit are testing prototypes, with full deployment planned under the Replicator program by August 2025.
Read moreETSI launches committee tackling IoT data sharing challenges
ETSI has launched the TC DATA committee to develop standards for secure and interoperable data sharing in IoT and beyond. The initiative focuses on AI-driven applications, privacy, and semantic interoperability. TC DATA will collaborate with the EU to support the Data Governance Act, enhancing data-sharing frameworks for telecom, healthcare, transport, and smart cities.
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Redefining European Defense: EU Security Policy in the Trump Era
The Russian invasion of Ukraine has driven a major shift in European defense policies, increasing military spending and enhancing EU security initiatives like PESCO. The EU is investing in defense R&D, cyber warfare, and interoperability while addressing sovereignty concerns. With NATO reliance waning, Europe aims to strengthen strategic autonomy amid growing geopolitical threats.
Read moreTrump Tariffs Revive Dormant Alaska LNG Project
The Alaska LNG project, a long-delayed $44 billion initiative, is gaining traction following a deal between the Alaska Gasline Development Corporation and Glenfarne Group. A Trump executive order has removed regulatory hurdles, boosting viability. Japan and South Korea may invest to reduce reliance on Russian and Qatari LNG. However, high costs and competition pose challenges.
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