Online Banking Frauds
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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
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Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
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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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Bengaluru Woman Exposes Money-Swiping Scam Via 'Bank Screenshots'
Online fraud is increasing in today's world where digital transactions have become the norm. Scammers are getting smarter.
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RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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UK Man Got Rs 1.24 Crore In Bank Account, Told Money Was His. But Then...
Urslaan Khan then came to know that the money was likely intended for another customer with multiple accounts at the bank.
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Bank Manager Duped Of Over Rs 5 Lakh While Selling Household Items Online
A manager in a leading bank lost Rs 5.10 lakh in cyber fraud while she was trying to sell some household items on an online marketplace, a Nagpur police official said on Sunday.
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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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Delhi Bank Officer Embezzles Rs 55 Crore, Uses Money For Online Gambling
The CBI has charge-sheeted a bank officer and his accomplice whose rapacious appetite for online gaming lured them to allegedly embezzle more than Rs 55 crore from various accounts, a major chunk of which was funnelled to virtual betting tables.
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Maharashtra Man Loses Rs 7 Lakh Of Retirement Savings In Online Scam
A 72-year-old retired railway employee has lost Rs 7.38 lakh to cyber fraudsters who tricked him to share confidential details by claiming that his bank account was blocked for want of KYC update, a Thane district police official said on Wednesday.
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Farmer Loses Lakhs To Fraudsters. This Is How He Recovered Money
55-year-old Pawan Kumar Soni, a farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
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Mumbai Cops Manage To Stop Cyber Fraud Worth Rs 44 Lakh On Time
Thwarting a 'man in the middle attack' kind of cyber fraud, Mumbai Police has managed to stop a fraudulent online banking transaction of Rs 44.43 lakh, an official said on Saturday.
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Man Accused Of Cheating Actor Annu Kapoor Online Arrested After 2 Months
A 28-year-old man has been arrested from Mumbai, almost two months after he allegedly cheated Bollywood actor Annu Kapoor of Rs 4.36 lakh under the pretext of updating his bank KYC details, police said today.
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RBI Announces First Set Of Rules For Digital Lending
The Reserve Bank of India on Wednesday released the first set of norms to regulate digital lending to crack down on the growing number of online frauds and unlawful activities.
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Media Professional Cheated Of Rs 50,000 In Cyber Fraud In Mumbai
A 24-year-old female media professional has been duped of nearly Rs 50,000 by a cyber fraudster who sent her emails from a fake ID using her senior's name and asked her to transfer the amount in her bank account.
-
FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
-
Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
-
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...
-
Bengaluru Woman Exposes Money-Swiping Scam Via 'Bank Screenshots'
Online fraud is increasing in today's world where digital transactions have become the norm. Scammers are getting smarter.
-
RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
-
UK Man Got Rs 1.24 Crore In Bank Account, Told Money Was His. But Then...
Urslaan Khan then came to know that the money was likely intended for another customer with multiple accounts at the bank.
-
Bank Manager Duped Of Over Rs 5 Lakh While Selling Household Items Online
A manager in a leading bank lost Rs 5.10 lakh in cyber fraud while she was trying to sell some household items on an online marketplace, a Nagpur police official said on Sunday.
-
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.
-
Delhi Bank Officer Embezzles Rs 55 Crore, Uses Money For Online Gambling
The CBI has charge-sheeted a bank officer and his accomplice whose rapacious appetite for online gaming lured them to allegedly embezzle more than Rs 55 crore from various accounts, a major chunk of which was funnelled to virtual betting tables.
-
Maharashtra Man Loses Rs 7 Lakh Of Retirement Savings In Online Scam
A 72-year-old retired railway employee has lost Rs 7.38 lakh to cyber fraudsters who tricked him to share confidential details by claiming that his bank account was blocked for want of KYC update, a Thane district police official said on Wednesday.
-
Farmer Loses Lakhs To Fraudsters. This Is How He Recovered Money
55-year-old Pawan Kumar Soni, a farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
-
Mumbai Cops Manage To Stop Cyber Fraud Worth Rs 44 Lakh On Time
Thwarting a 'man in the middle attack' kind of cyber fraud, Mumbai Police has managed to stop a fraudulent online banking transaction of Rs 44.43 lakh, an official said on Saturday.
-
Man Accused Of Cheating Actor Annu Kapoor Online Arrested After 2 Months
A 28-year-old man has been arrested from Mumbai, almost two months after he allegedly cheated Bollywood actor Annu Kapoor of Rs 4.36 lakh under the pretext of updating his bank KYC details, police said today.
-
RBI Announces First Set Of Rules For Digital Lending
The Reserve Bank of India on Wednesday released the first set of norms to regulate digital lending to crack down on the growing number of online frauds and unlawful activities.
-
Media Professional Cheated Of Rs 50,000 In Cyber Fraud In Mumbai
A 24-year-old female media professional has been duped of nearly Rs 50,000 by a cyber fraudster who sent her emails from a fake ID using her senior's name and asked her to transfer the amount in her bank account.
