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Online Banking Fraud

Number of frauds in banking sector on the rise, but amount declines

89.2 per cent of the frauds reported in 2023-24 by value occurred in previous financial years

Number of frauds in banking sector on the rise, but amount declines
Updated On : 31 May 2024 | 12:53 AM IST

How well can govt's dark pattern rules curb customer manipulation online?

You looked for tickets on a travel website and it showed a particular price. But, within minutes, the price increased

How well can govt's dark pattern rules curb customer manipulation online?
Updated On : 12 Dec 2023 | 10:41 PM IST

Online banking frauds see huge rise in Delhi post Covid-19 lockdown

The Delhi Police received 5,294 complaints related to debit-credit card and SIM swap frauds in 2022 against 2,483 in 2021

Online banking frauds see huge rise in Delhi post Covid-19 lockdown
Updated On : 12 Jun 2023 | 3:24 PM IST

Kangra Co-op Bank's account with RBI loses Rs 7.79 cr in cyber fraud case

In a stunning case, cyber frauds have allegedly siphoned off Rs 7.79 crore from the Kangra Co-operative Bank's current account maintained by the Reserve Bank of India (RBI), according to a police complaint filed by the bank. The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023. Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the cyber theft has left top officials clueless. They have not been unable to ascertain the person who has withdrawn the amount through fraudulent transactions, even though Kangra Bank officials said they have been able to identify accounts in which the money has been transferred. Sahdev Sangwan, Kangra Bank Senior Manager (IT), complained to the Delhi Police based on which an FIR was lodged in the first week of May and a probe is underway. Sangwan said in his complaint that Kangra Bank holds a current .

Kangra Co-op Bank's account with RBI loses Rs 7.79 cr in cyber fraud case
Updated On : 24 May 2023 | 10:53 AM IST

Airtel Safe Pay provides three-layer safety for a fraud-proof future

With Airtel Safe Pay transactions, money gets debited only after subscriber's nod

Airtel Safe Pay provides three-layer safety for a fraud-proof future
Updated On : 28 Jan 2021 | 6:10 AM IST
Updated On : 04 Jan 2021 | 6:10 AM IST

Scared of online scams and money laundering? Learn how to deal with them

Online scams and money laundering are not a recent phenomenon. But it is back in the news again

Scared of online scams and money laundering? Learn how to deal with them
Updated On : 23 Sep 2020 | 1:33 PM IST

Watch out for red flags: Renting your bank account is inviting trouble

If you are offered an excessively attractive sum for this purpose, be warned

Watch out for red flags: Renting your bank account is inviting trouble
Updated On : 22 Sep 2020 | 12:33 AM IST

Bank liable for unauthorised online transaction

The National Commission observed that there was a security breach of the bank's net banking system

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Updated On : 16 Apr 2020 | 12:41 AM IST

Tools to detect frauds have to be far superior, says Infrasoft Tech CEO

Assessment of frauds have taken a shorter time because banks have the systems in place, says Rajesh Mirjankar

Tools to detect frauds have to be far superior, says Infrasoft Tech CEO
Updated On : 08 Jan 2020 | 10:46 PM IST

States should come up with plan to curb digital banking fraud: LS speaker

Arvind Kumar Sharma of the ruling Bharatiya Janata Party said on one hand the nation was moving towards Digital India while on the other hand, such fraudulent activities were taking place

States should come up with plan to curb digital banking fraud: LS speaker
Updated On : 05 Dec 2019 | 5:06 PM IST

Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow

In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore

Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow
Updated On : 22 Jul 2019 | 10:58 AM IST

Monitor card usage with smart apps to stave off the cyber thief

You can switch on and switch off card usage using a new third-party mobile app, and also through the bank's own mobile app and internet banking channel

Monitor card usage with smart apps to stave off the cyber thief
Updated On : 29 Mar 2018 | 11:33 PM IST

Over 25,800 online banking fraud cases reported in 2017: Govt

In 2016, 3,156 cases and 4,147 cases were registered in the September and December quarters, respectively

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Updated On : 29 Dec 2017 | 7:15 PM IST