Page 3 - Online Frauds

RBI calls, SBI's unclaimed rewards: New scams you need to know about

Scammers are getting smarter with fake RBI calls and SBI rewards offers. Learn how to spot these tricks and protect your info from falling into the wrong hands

Over 200 victims lose ₹2 crore in Karnataka's AI Trump video scam

Haveri SP Anshu Kumar said a case has been registered at Haveri police station after a victim lost around ₹6 lakh in the same fraudulent app

Rising stock market frauds puts Sebi on high alert; calls for swift action

Broker lookalikes and scam apps draw regulator's second caution notice

Sebi warns investors about stock market scams via social media platforms

The market regulator issued the advisory statement in response to the growing number of frauds and scams that lure investors with false promises of outsize returns

Inflated taxi, food charges, fake tour firms: Travel fraud up 28% in summer

A 2025 Mastercard report flagged the travel industry as one of the most heavily targeted sectors for fraud, due to its high transaction volume and time-sensitive nature

Govt issues alert about online frauds targeting Char Dham pilgrims

The Indian Cyber Crime Coordination Centre, under the Union Ministry of Home Affairs, has alerted the public about online booking frauds, especially those targeting Char Dham pilgrims and tourists, across the country. These frauds are being perpetrated through fake websites, deceptive social media pages, Facebook posts, and paid advertisements on search engines such as Google, the home ministry said in a statement. The scams involve the creation of professional-looking but fake websites and social media profiles and WhatsApp accounts offering various services. These include helicopter bookings for Kedarnath, guest house and hotel bookings for Char Dham pilgrims, online cab or taxi reservation, holiday packages and religious tours, according to the statement. Unsuspecting individuals, upon making payments through these portals, often realise they have been duped when no confirmation or service is received and the contact numbers become unreachable. People are advised to exercise ..

What global finance must do to fight digital fraud across sectors

Fraud methods have become sophisticated, challenging traditional detection systems

Sebi asks intermediaries to register with Google, Meta for advertisements

Move to curb fraudsters and misleading information on social media platforms

Soon, merchants may lose option to request 'collect' UPI payments

Authorities are now favouring 'push' transactions, where customers initiate payments by scanning QR codes or using other secure methods

How a Delhi man duped senior citizens by posing as an insurance agent

The accused, Priyesh Giri, confessed that he had committed fraud with more than five senior citizens over the past year, including an elderly woman

NPCI warns users against call merging scams; here's how to protect yourself

The NPCI issues warning against a scam that involves fraudsters tricking people into merging calls, where users unknowingly share their OTPs, leading to financial loss

Rs 30 crore assets restituted to SBI in Telangana loan 'fraud' case: ED

The Enforcement Directorate Saturday said it has restituted assets worth more than Rs 30 crore to a bank as part of a money laundering investigation against a Telangana-based refinery company accused of committing a loan fraud of about Rs 190 crore. The case pertains to the company named Sheetal Refineries Limited and some other linked entities. "Directorate of Enforcement, Hyderabad zonal office has successfully accomplished the process of restitution of properties worth Rs 30.71 crore to the State Bank of India in connection with a money laundering case against Sheetal Refineries Limited (SRL) and others," the ED said in a statement. The company availed credit facilities from a consortium of banks, including SBI and Punjab National Bank, which later turned into non-performing asset (NPA), it said. The firm availed 21 "fraudulent" Letters of Credit from these banks, based on fake and forged invoices, without any actual supply of material or legitimate business transactions, it ...

Why RBI has asked banks to change their internet domain name to 'bank.in'?

The Reserve Bank of India (RBI) announced the launch of two domains: '.bank.in' for all Indian banks and 'fin.in' for NBFCs

RBI to introduce 'bank.in' and 'fin.in' domains to enhance payment security

This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services.

Fighting digital fraud: From KYC processes to advanced authentication

To prevent fraud, we need better know-your-customer (KYC) processes

NSE issues warning of fake financial awareness session run by a fraudster

The National Stock Exchange of India Ltd (NSE) on Thursday issued a public warning about an individual named "Anaisha Patil" who is fraudulently claiming to be the general manager of the NSE. The person has been using the email ID "national.financial.awareness@gmail.com" to deceive the public by falsely associating themselves with the NSE's "National Financial Awareness Academy." The impersonator was attempting to conduct an investor awareness programme, in collaboration with the Government ITI, Dhoraji, District Rajkot, under the guise of being an official NSE event. The session was scheduled to take place on January 30 from 11 am to 12 pm. However, the NSE has clarified that it is in no way associated with this event, nor has it promoted or endorsed it. In a statement, NSE has cautioned the public to stay away from such fraudulent sessions, emphasising that participation in these events will be entirely at the individual's own risk. The exchange also clarified that it would not

Over 33% respondents lose money to scams via real-time payments: Report

More than one-third of people surveyed have reported losing money to scams through real-time payments, according to a report. Highlighting the growing threat of scams in India's real-time payments (RTP) ecosystem, 34 per cent of respondents reported paying for goods, services or investments that were never delivered, according to the report by global analytics software company FICO. The report stated that 60 per cent of respondents reported exposure to messages from scammers, and 54 per cent said friends or family members had been scammed. While fewer Indian consumers reported losses in 2024 compared to 2023, the percentage of high-value losses those exceeding Rs 800,000 doubled from 2 per cent to 4 per cent, said Dattu Kompella, managing director in Asia for FICO. While 56 per cent of losses were relatively small, under Rs 50,000, these amounts can still be devastating for many households, the report said. Around 45 per cent of Indian consumers identified improved fraud detecti

'I was crying, begging': Influencer Ankush Bahuguna on 40-hr digital arrest

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

Bank frauds jump to Rs 21,367 crore in first half of FY25, shows RBI data

In April - September period of FY24, while there were 14,480 incidences of frauds, the amount involved was only Rs 2,623 crore

Govt to release guidelines on pesky calls next month: Consumer Affairs secy

The consumer affairs ministry will release guidelines next month to tackle unsolicited commercial communications or pesky calls, a senior government official said on Tuesday. Consumer Affairs Secretary Nidhi Khare said the department has prepared draft guidelines in consultation with stakeholders, which will be harmonized with upcoming regulations of Telecom Regulatory Authority of India (Trai). "We are ready with the draft guidelines on pesky calls. We will harmonise it with their (Trai) norms and issue it next month," Khare told reporters on the sidelines of a National Consumer Day event. Trai Chairman Anil Kumar Lahoti, who was also at the event, said the consumer affairs ministry is focusing on guidelines for business entities' roles, responsibilities and conduct, while the telecom regulator will separately introduce stricter norms in response to growing consumer complaints. The initiative stems from a joint committee of Indian regulators, led by Trai, which decided to strength