Payment frauds rise by 70.64% to Rs 2,604 crore in October-March period
The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period, RBI data shows.
Source: indianexpress.com
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How UIDAI is using AI to tackle payment frauds
The technology uses a combination of both finger minutiae and finger image to check the liveness of the fingerprint captured. The measure was implemented after instances of people creating fake fingerprints using silicone to syphon off money from unsuspecting individuals' bank accounts were reported.
Source: indianexpress.com
Rs 99,999 Lost In One Click! UP Man Duped On Pretext Of Online Hospital Registration, Check Details
By staying informed about the latest scams, you'll be less likely to fall victim to one.
Source: news18.com
How to safeguard yourself against digital banking and payment frauds
With the migration to a digital economy, digital payments are on the rise. Fraudsters have continued to keep up with changing times
Source: freepressjournal.in
Mumbai: Posing As Cop, 12th Pass Fraudster Made Rs 5 Cr A Day, Police Bust Ring Of Cybercriminals
Who is Shrinivas Rao Dadi? Cybercriminal who has sound technical knowledge despite limited education.
Source: news18.com