Page 5 - Online Frauds

Beware of fraudulent govt emails: Home ministry issues public warning

Ministry of Home Affairs' Indian Cyber Crime Coordination Centre (I4C) issues a public notice advising citizens to verify e-notices they receive via email

Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers

Caller identification app Truecaller on Thursday said it has collaborated with general insurance company HDFC ERGO for an offering that aims to safeguard subscribers against digital communication frauds in India. Truecaller in a release said that amid rising cases of cyber fraud, the insurance offering underscores its commitment to combating fraud and ensuring user protection through advanced app features - before, during and after mobile communication. A recent report by the Indian Cyber Crime Coordination Centre revealed that digital financial frauds accounted for a staggering Rs 1.25 lakh crore over the last three years, the release noted. Announcing the collaboration with HDFC ERGO to offer this insurance for its subscribers, the release said the product will provide coverage up to Rs 10,000 to Android and iOS users across India. "The product is available to yearly premium subscribers of Truecaller and all existing customers can avail this protection for free under their existi

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

Stay scam-free: This series of phone numbers will help you spot fraud calls

The Department of Telecom has designated the prefix '160' for 10-digit numbers, which will be utilised by govt agencies, regulatory bodies, and financial institutions to communicate with the public

Beware of stock investment-related calls from these two numbers, warns NSE

The NSE warned the investors against sharing their login credentials with any person claiming to be a member of any registered entity of the exchange

Southeast Asian nations account for half of financial frauds in India: MHA

Cambodia, Thailand, Myanmar emerge as the new global hotspots of online frauds

Mumbai women lose Rs 53 lakh to 'task fraud': Latest scam decoded

In a 'task scam', fraudsters pose as representatives of reputable companies, offering seemingly easy remote work opportunities

Woman loses Rs 23 lakh in online stock market scam: How to protect yourself

Mohammad Daud targeted a 32-year-old woman with a website on social media that promised high profits from stock market trading

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

Scammer gives online security advice to man on WhatsApp; Paytm MD reacts

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs

Govt warns against fake banking app targeting Union Bank account holders

'Union-Rewards.apk', pretending to be the legitimate app of Union Bank, lures account holders with promises of rewards

India ranks number 10 in cybercrime, Russia tops list followed by Ukraine

India ranked number 10 in cybercrime, with frauds involving people to make advance fee payment being the most common type, according to a new research that surveyed cybercrime experts around the world. An international team of researchers has compiled the 'World Cybercrime Index' that ranks roughly 100 countries and identifies key hotspots according to various categories of cybercrime, including ransomware, credit card theft and scams. Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania. North Korea was at the seventh position, while the UK and Brazil were at the eighth and ninth positions, respectively, according to the research published in the journal PLoS ONE. Through the survey, the researchers asked the experts to consider major types of crime in the virtual world and nominate countries that they thought contributed significantly to each of them. The major categories that the researchers identified were - technical products and services suc

A 43-year-old woman loses Rs 86000 while trying to book IPL match tickets

A Bengaluru woman got scammed when she tried to book an online IPL match ticket. She lost Rs 86000 in the process and registered her complaint to the police

Handling complaints costs RBI Rs 144 cr: Here's state-wise breakdown

The total cost of handling complaints across ORBIO's offices in India, including those in Ahmedabad and Raipur, amounted to Rs 143.56 crore

Combating online frauds: All you need to know about 'Chakshu' and 'DIP'

Minister Ashwini Vaishnaw introduced two new initiatives, Digital Intelligence Platform and Chakshu, as measures to tackle cybercrimes

DoT's new CHAKSU portal to allow citizens to report fraudulent calls

A new Digital Intelligence Portal will help banks, agencies and telecom operators to share data on suspected fraud

As online frauds rise, all you need to know about Pig Butchering Scam

The term "pig butchering" refers to the process of fattening the victim emotionally before ultimately deceiving them financially

Rs 1.8 cr passed through mule accounts: How you are being duped by this scam

Mule accounts are essentially bank accounts that receive funds from illegal activities and then transfer them elsewhere, acting as a bridge in the laundering process.

Centre to form panel to check rising internet, WhatsApp-based spam calls

The proposal to set up the panel was made in an inter-ministerial meeting on the issue chaired by Consumer Affairs Secretary Rohit Kumar Singh on Thursday, the Consumers Affairs Department said

Govt blocks 1.4 lakh mobile numbers linked to digital financial frauds

To control digital frauds, the government has blocked 1.4 lakh mobile numbers so far that were involved in financial frauds, according to an official release. Financial Services Secretary Vivek Joshi on Friday chaired a meeting on cyber security in the financial services sector in which various issues including onboarding of banks and financial institutions on the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) platform through API integration were discussed. Integration of CFCFRMS platform with the National Cybercrime Reporting Portal (NCRP) to centralise the platform that will enable effective collaboration between Police, Banks, and Financial Institutions, allowing for real-time monitoring and prevention of fraudulent activities was deliberated, an official release said. The banks and financial institutions are required to phase out the use of regular 10-digit numbers and use specific number series such as '140xxx' for commercial or promotional activities