Online Payment Fraud
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Mumbai Woman Loses Rs 99,000 After Rs 9 Payment To Fake Cleaning Service
A woman lost Rs 99,000 after she made a payment of Rs 9 to a fake online cleaning service. The shocking cyber fraud was reported from Mumbai's Andheri West.
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HAL Loses Rs 55 Lakh After Payment For Fighter Jet Parts To 'Fake' Company
The email was fake, but the money was real. Hindustan Aeronautics Limited or HAL lost $63,000 or Rs 55 lakh to an online scam.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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Meesho Employee Gets Scam Message For Payment From Person Posing As CEO
Fortunately, Mr Saxena did not fall prey to the fraud and could identify that it was a fraudster and not his boss.
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Stripe Banks on Security Features for Crypto Businesses as Platform Refreshes Services List
The Stripe online payment platform is allowing crypto exchanges and NFT marketplaces to convert crypto assets into fiat currencies. To lure more crypto businesses as customers, Stripe is relying its crypto security features like fraud prevention.
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RBI's Auto Debit Rules Have Become Effective. Know More About Them Here
Customers will need to re-register themselves with each of their payment instruments, whether it is a debit or a credit card
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How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
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As Pandemic Pushes Digital Payments, Online Frauds Become More Common in India
Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.
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"Financial Frauds Spike Due To Digital Payment Dependence": Ajit Doval
Asking citizens to be cautious while being online, National Security Adviser (NSA) Ajit Doval said on Friday financial frauds have seen exponential increase due to greater dependence on digital payment platforms following the COVID-19 pandemic.
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Telangana Man Cheated Of Rs 92,000 While Trying To Buy Liquor Online: Cops
An accountant at a private firm lost Rs 92,000 to online fraudsters while trying to buy liquor after they lured him to make payment on the promise of delivering it to his home during the lockdown period, police said on Tuesday.
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Indian Man, 5 Others Jailed In UK In 10 Million Pound Fraud Case
An Indian national is among a gang of five men jailed by a British court for a total of over 30 years for an online fraud conspiracy involving a 10-million pounds payment diversion scam.
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Paytm Payments Bank Says Telcos Should Act Faster to Counter Online Fraud
Telecom companies in India need to implement stringent preventive and punitive measures to counter the menace of online frauds executed through spam SMS or calls, a top Paytm Payments Bank (PPB) executive said on Thursday.
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Digital Payment Startups Unaware of High Security Risks: FireEye
"The rapid shift to digital transactions will greatly increase our collective exposure to cyber-security threats - essentially fraud and theft."
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Indian Tourists at Greater Cyber Fraud Risk Abroad: Study
The Digital Detox: Unplugging on Vacation' study was conducted across 14 countries (including India).
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RBI Working on Regulations to Curb Fraud in Electronic Transactions
"The matter is being further examined by the RBI to put in place a regulatory framework for addressing customer grievance and liability issues arising out of such frauds."
-
Mumbai Woman Loses Rs 99,000 After Rs 9 Payment To Fake Cleaning Service
A woman lost Rs 99,000 after she made a payment of Rs 9 to a fake online cleaning service. The shocking cyber fraud was reported from Mumbai's Andheri West.
-
HAL Loses Rs 55 Lakh After Payment For Fighter Jet Parts To 'Fake' Company
The email was fake, but the money was real. Hindustan Aeronautics Limited or HAL lost $63,000 or Rs 55 lakh to an online scam.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Meesho Employee Gets Scam Message For Payment From Person Posing As CEO
Fortunately, Mr Saxena did not fall prey to the fraud and could identify that it was a fraudster and not his boss.
-
Stripe Banks on Security Features for Crypto Businesses as Platform Refreshes Services List
The Stripe online payment platform is allowing crypto exchanges and NFT marketplaces to convert crypto assets into fiat currencies. To lure more crypto businesses as customers, Stripe is relying its crypto security features like fraud prevention.
-
RBI's Auto Debit Rules Have Become Effective. Know More About Them Here
Customers will need to re-register themselves with each of their payment instruments, whether it is a debit or a credit card
-
How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets
As online payments have reached new levels in India, thanks to the growth of the digital economy, fraudsters are finding new ways to steal hard-earned money from individuals. In this article, we are covering the steps you can take to avoid online payment frauds while using UPI apps and e-wallets.
-
As Pandemic Pushes Digital Payments, Online Frauds Become More Common in India
Digital payment frauds and online financial attacks in India are getting bigger these days. People are complaining about fake Paytm KYC messages and calls. However, the lack of awareness and the absence of concrete data and IT policies are making it easier for fraudsters to steal people’s hard-earned money.
-
"Financial Frauds Spike Due To Digital Payment Dependence": Ajit Doval
Asking citizens to be cautious while being online, National Security Adviser (NSA) Ajit Doval said on Friday financial frauds have seen exponential increase due to greater dependence on digital payment platforms following the COVID-19 pandemic.
-
Telangana Man Cheated Of Rs 92,000 While Trying To Buy Liquor Online: Cops
An accountant at a private firm lost Rs 92,000 to online fraudsters while trying to buy liquor after they lured him to make payment on the promise of delivering it to his home during the lockdown period, police said on Tuesday.
-
Indian Man, 5 Others Jailed In UK In 10 Million Pound Fraud Case
An Indian national is among a gang of five men jailed by a British court for a total of over 30 years for an online fraud conspiracy involving a 10-million pounds payment diversion scam.
-
Paytm Payments Bank Says Telcos Should Act Faster to Counter Online Fraud
Telecom companies in India need to implement stringent preventive and punitive measures to counter the menace of online frauds executed through spam SMS or calls, a top Paytm Payments Bank (PPB) executive said on Thursday.
-
Digital Payment Startups Unaware of High Security Risks: FireEye
"The rapid shift to digital transactions will greatly increase our collective exposure to cyber-security threats - essentially fraud and theft."
-
Indian Tourists at Greater Cyber Fraud Risk Abroad: Study
The Digital Detox: Unplugging on Vacation' study was conducted across 14 countries (including India).
-
RBI Working on Regulations to Curb Fraud in Electronic Transactions
"The matter is being further examined by the RBI to put in place a regulatory framework for addressing customer grievance and liability issues arising out of such frauds."
