Invest and make money from home: Beware! Over 100 websites blocked for facilitating illegal investments

The Home Ministry launched the I4C initiative to address cybercrimes in the nation in a coordinated and all-encompassing way.
Beware of investment frauds
Beware of investment frauds

Following a recommendation from the Union Home Ministry, over 100 websites that supported task-based part-time job frauds and organized illegal investment were blocked, news agency PTI reported. An official statement claimed that foreign actors were running these websites, report added.

Through its vertical National Cybercrime Threat Analytics Unit (NCTAU), the Indian Cybercrime Coordination Centre (I4C), a division of the Union Home Ministry, last week identified and recommended blocking over 100 websites involved in organized investment and task-based part-time job frauds.

Following this, the websites have been blocked by the Ministry of Electronics and Information Technology (MeitY), in accordance with the Information Technology Act of 2000, according to the statement.

It was discovered that these websites, which enabled task-based organized illegal investment linked to economic crimes, were run by foreign actors and made use of chat messengers, digital advertisements, mule accounts, and rented accounts.

According to the statement, international Fintech companies, card networks, cryptocurrency, and foreign ATM withdrawals were used to launder the proceeds from the large-scale economic frauds out of India, PTI reported.

The Home Ministry launched the I4C initiative to address cybercrimes in the nation in a coordinated and all-encompassing way.

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