Online Money Transfer Fraud

Urslaan Khan then came to know that the money was likely intended for another customer with multiple accounts at the bank.

The cyber unit of Mumbai Crime Branch detained a 17-year-old boy who allegedly hacked into the computer network of a coffee shop chain and transferred money into the gift card of his friend for fun, an official said on Friday.

Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.

Since online or digital transactions are subject to electronic frauds, customers making money transfers should be cautious. SBI, which offers many options to make online money transfers and other electronic banking services, has time and again urged its customers to adopt banking habits that ensure safe transactions.

Have you ever been a victim of an online money transfer fraud? A new software is here that immediately blocks unauthorised commands during money transfers.

Urslaan Khan then came to know that the money was likely intended for another customer with multiple accounts at the bank.

The cyber unit of Mumbai Crime Branch detained a 17-year-old boy who allegedly hacked into the computer network of a coffee shop chain and transferred money into the gift card of his friend for fun, an official said on Friday.

Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.

Since online or digital transactions are subject to electronic frauds, customers making money transfers should be cautious. SBI, which offers many options to make online money transfers and other electronic banking services, has time and again urged its customers to adopt banking habits that ensure safe transactions.

Have you ever been a victim of an online money transfer fraud? A new software is here that immediately blocks unauthorised commands during money transfers.