Page 8 - Online Frauds

829 mn cyber attacks blocked; 59% of targeted websites in India: Indusface

Mid-market firms with revenues of $10 million to $1 billion faced 45% of attacks; only 21% were large ones with over $1 billion in revenue; smaller firms suffered 34% of attacks

What is a cybercrime portal? Here's how to check complaint status online

The National Cyber Crime Reporting portal is a citizen-centric initiative that enables citizens to report cybercrimes online

CERT-In issues new advisory for smartphone users as cybercrime cases rise

According to a report, the volume of ransomware threats detected spiked to more than 1.2 million per month between the January-June period this year

RBI to set up fraud registry to check banking frauds: Executive Director

Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks

RBI considers setting up of fraud registry to check banking frauds

As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry. At present, we are talking to different stakeholders including different departments like payments and settlement and supervision of RBI," he said. Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks. Sharma also said that the customers of the Core Investment Company (CIC) would come under the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS), 2021. Prime Minister Narendra Modi l

Phishing in troubled waters? Take cover in cyber liability, say experts

Protect family's data, finances; consider floater cover as well

GST enforcement: A fine balance in catching fraud, not harassing taxpayers

The government has tightened GST norms. But some of the changes have caused "inconvenience" to taxpayers, to say the least.

UPI payment fraud: Here are safety measures to protect your money

The boom in UPI transactions has also led to a rise in the number of online frauds

Apple stopped $1.5 bn in fraudulent transactions on App Store in 2021

Apple protected customers from more than $1.5 billion in potentially fraudulent transactions on the App Store in 2021, the company has informed.

Senior citizens are frequent targets of cyber fraud, says Tsaaro's survey

29% think existing laws surrounding privacy are enough to enable elders to protect their privacy online

Hackers, fraudulent customers stole Rs 7.38 cr, complaint lodged: Razorpay

Hackers and fraudulent customers have stolen Rs 7.38 crore by tampering and manipulating the authorisation process of Razorpay

Maharashtra saw highest number of complaints against digital loan apps

A total of 2,652 complaints against digital loan apps (DLA) were received by 'Sachet' - a portal established by the RBI

Banks told to tighten monitoring, have ironclad KYC to avoid new 'Jamtara'

Banking sources indicate there have been brazen violations of Section 17 of the RBI's Master Direction on KYC norms

Senior citizens loses over Rs 11 lakh to cyber fraudsters in Mumbai

A senior citizen was allegedly duped of over Rs 11 lakh by cyber fraudsters when she tried to recover the money she had lost while ordering pizza and dry fruits online, police said on Saturday.

CBI files FIR against Gujarat firm for Rs 632 crore 'bank fraud'

The CBI has registered a case against city-based Electrotherm (India) Ltd for allegedly cheating the Bank of India of around Rs 632 crore, officials said

Private banks seeing jump in number of online frauds: RBI report

Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year.

4,071 banking fraud cases reported during H1 FY2022: RBI report

In terms of deposits, the number of reported cases of frauds stood at 208 of an amount involving Rs 362 crore, the report said

ED attaches funds worth over Rs 40 crore in mobile apps payments fraud case

The attached money, in accordance with the provisions of the Prevention of Money Laundering Act (PMLA), is in the form of bank deposits and an amount held with payment solutions providers

Scammers netted cryptocurrencies worth $7.7 billion in 2021: Report

A key source of rising cryptocurrency scams in 2021 were 'rug pulls', where the developers of a new cryptocurrency vanish and take supporters' funds with them

In festive season, fraud app installations touch new high: Study

Advertising frauds are not limited to apps and their numbers and usage