Online Fraud

The Supreme Court on Tuesday asked the Reserve Bank of India to prepare and circulate a standard operating procedure (SOP) for dealing with bank accounts linked to cyber frauds, including mule accounts. Issuing a slew of directions aimed at strengthening the response to cyber-enabled financial frauds, a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana directed all states, Union Territories (UTs) and law enforcement agencies to ensure the expeditious adoption and operationalisation of the grievance redressal and money restoration modules developed for victims of such frauds. The bench was hearing a suo motu matter 'In Re: Victims of Digital Arrest Related to Forged Documents'. The bench also directed the RBI to provide copies of the SOP to the Registrars General of all high courts. It also asked states and UTs to undertake appropriate public awareness measures to ensure that citizens are informed about these mechanisms. The Registrars General of al

Lost money in a digital scam? The RBI's new compensation framework, effective January 1, 2027, could help eligible victims recover part of their losses.

The Supreme Court observed that digital scams have caused losses exceeding ?52,000 crore for Indians, an amount larger than the annual budgets of some smaller states

As digital fraud surges across India, cyber insurance is being pitched as a safety net for individuals and households. But what does it actually protect you againstand where does it fall short?

India's fraud surge shows why 2026 must be about verification, not trust

Last month, the US sanctioned several companies in Shwe Kokko, a major scam hub it said is controlled by an ethnic armed group allied with the junta

Damage caused by the rise of the digital-arrest con, which has found fertile ground amid the country's soaring youth unemployment, endemic corruption and glaring wealth inequality, runs deep and wide

The EU is increasing its regulatory scrutiny of major US technology companies via the Digital Services Act

A LocalCircles survey reveals 42% of WhatsApp users in India received fake job offers demanding payment. The report highlights rising impersonation and fraud cases across the messaging platform

The scammers forced Bahuguna to switch off all electronic devices, forbade him from communicating with anyone, and coerced him into making multiple financial transactions

The year 2024 brought innovations in AI applications, from healthcare to fighting online fraud, and more. However, this election year also raised concerns about AI biases and deepfakes

CEO frauds or BEC scams have become a global threat, with fraudsters impersonating executives to steal billions

A 90-year-old Gujarat man lost Rs 1 crore to fraudsters posing as CBI officers. Here's how you can protect yourself

As digital payment fraud increases, especially during the festive shopping season, Visa shares tips to help consumers stay safe during this high-risk period

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

Victims first receive an SMS, supposedly from India Post, about undeliverable parcels due to incorrect addresses, with a link to update details. Soon after, a scammer calls, urging quick action

Sri Lankan police have arrested at least 200 foreigners, the majority of them Indians, for allegedly engaging in online financial scams, a media report said on Saturday. The Criminal Investigations Department also found that funds obtained through such frauds have been deposited in bank accounts in the UK, Dubai and India. News portal NewsFirst.lk quoted officials from the Criminal Investigation Department who said that there were Chinese, Bangladeshi, Pakistani and Nepali nationals among those arrested but a majority of them were Indian nationals. About 400 computers used by the suspects are being subject to investigation. Earlier on Friday, police spokesman SSP Nihal Thalduwa said some 60 Indians were arrested on Thursday from the Colombo suburbs of Madiwela and Battaramulla and the western coastal town of Negombo. The CID had conducted simultaneous raids in these areas leading to the seizure of 135 mobile phones and 57 laptops. The crackdown was the result of a complaint from

At least 60 Indian nationals part of a group engaged in online financial scams have been arrested by Sri Lanka's Criminal Investigations Department. They were arrested on Thursday from the Colombo suburbs of Madiwela and Battaramulla and from the western coastal town of Negombo. According to Police Spokesman SSP Nihal Thalduwa, the CID conducted simultaneous raids in these mentioned areas, leading to the seizure of 135 mobile phones and 57 laptops. The crackdown follows a complaint from a victim who was lured into a WhatsApp group promising cash for social media interactions. Further investigation revealed a scheme where victims were coerced into making deposits after initial payments. In Peradeniya, a father-son duo admitted to aiding the fraudsters, Daily Mirror Lanka newspaper reported. Key evidence uncovered during a luxury house raid in Negombo led to the initial arrest of 13 suspects and the seizure of 57 phones and computers. Subsequent operations in Negombo yielded 19 ...

One reason for cyber frauds is limited investments in governance protocols

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