Internet Banking Fraud
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"For Rs 20,000...'': Gurgaon Techie Turns Tables On Scammer, Leaves Internet In Splits
It all started when he received a message from a scammer who pretended to be a representative of HDFC Bank.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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Navi Mumbai Cyber Police Freeze Bank Accounts Worth Rs 32.66 Crore in Cryptocurrency Fraud Probe
The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.
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Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
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Nefarious Anatsa Android Trojan Caught Stealing Banking Information and Performing On-Device Fraud
Anatsa, a banking trojan on Android, has been spotted by a security firm on the Play Store. Five apps posing as productivity apps were actually infected with the trojan that was identified by the firm in 2021. It is also capable of monitoring banking information and performing on-device fraud to steal funds from the victim's bank accounts.
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Around 39 Percent of Indian Families Have Experienced Online Financial Fraud: Survey
Around 39 percent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 percent of them got their funds back, LocalCircles said in a report on Tuesday.
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Indian Banks Said to Soon Use Face Recognition, Iris Scan for Some Transactions
The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the sources, a bank...
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Big Tech Should Reimburse Victims of Online Scams, British Lawmakers Say
Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing epidemic of online fraud in Britain.
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Social Media Firms Must Do More to Stop Advertising 'Dodgy Financial Promotions': UK Watchdog
Social media firms must do more to stop advertising "dodgy financial promotions" that fuel a surge in fraud or face action, Britain's Financial Conduct Authority said.
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Huawei CFO Meng Wanzhou Leaves Canada After US Deal on Fraud Charges, Detained Canadians Head Home
Huawei CFO Meng Wanzhou flew home to China after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.
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Indians Created 19 New Online Accounts on Average During Pandemic, 47 Percent Use Same Credentials: IBM
An IBM survey highlights how Indians have drastically increased their digital footprint during the pandemic, which puts them at a higher security risk. It showed Indians created about 19 new online accounts during the pandemic on an average across all age categories, which included about three new accounts for social media and entertainment purpose...
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How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
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Paytm Payments Bank Says Telcos Should Act Faster to Counter Online Fraud
Telecom companies in India need to implement stringent preventive and punitive measures to counter the menace of online frauds executed through spam SMS or calls, a top Paytm Payments Bank (PPB) executive said on Thursday.
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Centre Says Looking Into Fraudulent Transactions Below Rs 1 Lakh With RBI
Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1 lakh.
-
Apple Probing Growing Cases of iTunes Credit Card Fraud in Singapore: Report
Tens of Apple customers have been billed for charges they did not make on their iTunes accounts, ChannelNews Asia reported on Sunday.
-
"For Rs 20,000...'': Gurgaon Techie Turns Tables On Scammer, Leaves Internet In Splits
It all started when he received a message from a scammer who pretended to be a representative of HDFC Bank.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Navi Mumbai Cyber Police Freeze Bank Accounts Worth Rs 32.66 Crore in Cryptocurrency Fraud Probe
The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.
-
Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
-
Nefarious Anatsa Android Trojan Caught Stealing Banking Information and Performing On-Device Fraud
Anatsa, a banking trojan on Android, has been spotted by a security firm on the Play Store. Five apps posing as productivity apps were actually infected with the trojan that was identified by the firm in 2021. It is also capable of monitoring banking information and performing on-device fraud to steal funds from the victim's bank accounts.
-
Around 39 Percent of Indian Families Have Experienced Online Financial Fraud: Survey
Around 39 percent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 percent of them got their funds back, LocalCircles said in a report on Tuesday.
-
Indian Banks Said to Soon Use Face Recognition, Iris Scan for Some Transactions
The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the sources, a bank...
-
Big Tech Should Reimburse Victims of Online Scams, British Lawmakers Say
Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing epidemic of online fraud in Britain.
-
Social Media Firms Must Do More to Stop Advertising 'Dodgy Financial Promotions': UK Watchdog
Social media firms must do more to stop advertising "dodgy financial promotions" that fuel a surge in fraud or face action, Britain's Financial Conduct Authority said.
-
Huawei CFO Meng Wanzhou Leaves Canada After US Deal on Fraud Charges, Detained Canadians Head Home
Huawei CFO Meng Wanzhou flew home to China after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.
-
Indians Created 19 New Online Accounts on Average During Pandemic, 47 Percent Use Same Credentials: IBM
An IBM survey highlights how Indians have drastically increased their digital footprint during the pandemic, which puts them at a higher security risk. It showed Indians created about 19 new online accounts during the pandemic on an average across all age categories, which included about three new accounts for social media and entertainment purpose...
-
How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
-
Paytm Payments Bank Says Telcos Should Act Faster to Counter Online Fraud
Telecom companies in India need to implement stringent preventive and punitive measures to counter the menace of online frauds executed through spam SMS or calls, a top Paytm Payments Bank (PPB) executive said on Thursday.
-
Centre Says Looking Into Fraudulent Transactions Below Rs 1 Lakh With RBI
Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1 lakh.
-
Apple Probing Growing Cases of iTunes Credit Card Fraud in Singapore: Report
Tens of Apple customers have been billed for charges they did not make on their iTunes accounts, ChannelNews Asia reported on Sunday.
