Counter Intelligence Kashmir Busts Cyber-Fraud Network
Analysis based on 22 articles · First reported Mar 19, 2026 · Last updated Mar 20, 2026
The bust of this international cyber-fraud network by India===Counter Intelligence Kashmir is a positive development for cybersecurity and financial markets, as it reduces the threat of online scams targeting individuals in the United States, United Kingdom, and Canada. It also highlights the ongoing challenge of illicit financial activities involving cryptocurrencies like Tether.
India===Counter Intelligence Kashmir (CIK), a specialized investigative arm of the India===Jammu and Kashmir Police, has successfully dismantled a sophisticated international cyber-fraud network operating out of Srinagar. The operation led to the arrest of seven individuals and the seizure of a substantial cache of digital and communication equipment, including mobile phones, laptops, and VoIP systems. The fraudsters operated covert call centers, using VoIP-based systems to generate international virtual numbers and impersonate legitimate service providers. They targeted individuals in countries such as the United States, United Kingdom, and Canada through phishing-based online advertisements and manipulated victims into sharing sensitive banking and personal information. Stolen funds were transferred into various accounts, including mule accounts and cryptocurrency wallets, primarily USDT, and then layered to obscure their origins. The entire operation was conducted digitally, with no cash transactions involved, and transactions are estimated to run into several crores of rupees. Further investigation is underway to identify victims and trace the broader national and international network.
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