Weekly Unfoldings: May 12- 17, 2025

5 min read
Weekly Unfoldings: May 12- 17, 2025

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.

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48 Hours of Fear, 7 Crore Lost: The Scam That Shocked the Industry

82-year-old SP Oswal, Padma Bhushan awardee and Vardhman Group chairman, was duped of ₹7 crore by scammers impersonating CBI officers in August 2024. Through fake warrants and Skype digital arrest, they coerced four transfers. Ludhiana Police arrested key suspect Atnu Chaudhary, re-arrested in Guwahati, and uncovered an interstate gang of ten. ₹5.25 crore was recovered—the largest in India cybercrime history.

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ED Cracks Down on ₹764 Crore Scam, Attaches Vindhyavasini Group Assets

The Enforcement Directorate (ED) provisionally attached ₹81.88 crore in movable and immovable assets linked to the Vindhyavasini Group ₹764.44 crore bank fraud involving SBI. Promoters Vijay Rajendra Prasad Gupta and Ajay R. Gupta used forged documents and over 50 shell companies to launder money into real estate and cash. Vijay Gupta was arrested, and further probes continue nationwide.

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New HTTPBot Botnet Launches 200+ Precision DDoS Attacks on Gaming and Tech Sectors

HTTPBot is a new Windows-based botnet malware targeting China gaming industry, tech firms, and educational institutions with highly precise HTTP flood DDoS attacks. First seen in August 2024, it evades detection using dynamic obfuscation and mimics legitimate browser traffic via multiple sophisticated modules like BrowserAttack and HttpAutoAttack. HTTPBot disrupts real-time services by exhausting server resources through session hijacking and protocol-level simulation.

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Fileless Remcos RAT Delivered via LNK Files and MSHTA in PowerShell-Based Attacks

Researchers found a PowerShell-based malware campaign delivering Remcos RAT via malicious LNK files and mshta.exe. The fileless attack runs in memory, evading detection, and uses tax-themed lures to steal data and control systems. AI-powered phishing campaigns with polymorphic tricks aid malware spread, bypassing traditional security filters and increasing threat sophistication.

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Hackers Beware: Here is Japan New Law to Fight Cyber Attacks!

Japan new Active Cyberdefence Law empowers national security agencies to proactively counter foreign cyber threats by disabling overseas servers and mandating breach reporting. Marking a historic shift from pacifism, it addresses rising attacks and talent shortages while promoting indigenous cyber capabilities amid Asia-Pacific tensions, balancing enhanced defense with privacy protections.

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From Dirhams to Digital: Dubai Approves Crypto Payments for Public Payments

Dubai Department of Finance will become the first government to enable widespread crypto payments for public services via Crypto.com. The system converts stablecoins to dirhams instantly, supporting Dubai Cashless Strategy and adding billions to the economy. Backed by regulators, this full-scale rollout aims to legitimize crypto use in everyday government transactions, setting a global precedent.

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Clea integrates with Raspberry Pi to enable scalable Industrial IoT

SECO Clea software is now natively available on Raspberry Pi OS, enabling faster, secure development of industrial IoT solutions. This partnership accelerates time-to-market for industrial developers by simplifying integration and scaling on the popular Raspberry Pi platform. The collaboration also supports SECO rugged Pi Vision 10.1 CM5 HMI, enhancing industrial edge AI and connected device management.

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5G networks to carry 80% of global mobile traffic by 2030

5G Standalone (5G SA) and 5G Advanced will dominate CSP strategies through 2030, driving value-focused services beyond data volume. GCC leads with 93% 5G penetration by 2030. Mobile subscriptions will grow steadily, with AI and network slicing boosting innovation. Fixed Wireless Access grows, and 6G deployments begin in 2030, extending 5G capabilities globally.

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The Atlantic at Portugal Doorstep: A Geopolitical and Economic Reckoning

Portugal controls one of the world largest maritime zones but has underutilized it economically and geopolitically. Historically reliant on symbolic claims, it risks losing out to global competitors. To secure its future, Portugal must invest in offshore aquaculture, renewable energy, and marine biotechnology—transforming its Atlantic assets into sustainable economic and strategic strength.

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Lithuania and Other Small States: An Outsize Impact on Europe

Lithuania, a small but determined state, draws from its history of occupation and resistance to shape its active role in Europe security. As a steadfast ally to Ukraine and Taiwan, it defies larger powers and champions collective defense. Its museums and memory keep history alive, reminding all that small nations must never take freedom or security for granted.

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