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OTP FRAUD
Bank OTPs were sent to duplicate SIM card instead of real one, audit company loses Rs 79 lakh; Bank of India ordered to pay Rs 1.5 croreAn IT Act adjudicating authority has ordered Bank of India to pay Rs 64.44 lakh, which works out to nearly Rs 1.5 crore with 12% annual int...- What Is the Best Way to Pay for an International Trip and Does My Credit Card Include Airport Lounge Access?Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange ...
- Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know whyA man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under R...
- 88-year-old Delhi man loses mobile, then Rs 70,000 vanishes from his bank account: How this fraud led to a pan-India cyberfraud gang that uses victims' stolen phones to steal moneyAn 88-year-old Delhi man's stolen phone and Rs 70,000 in unauthorised transactions led Delhi Police to a pan-India cyberfraud syndicate ope...
- Indian Bank targets Rs 35 lakh crore business by 2032 after crossing Rs 15 lakh crore milestone: MD & CEO"On 125th year, that means 2032, we have set a target of 35 lakh crore business. In June we are at 15 lakh crore. That means we have to bec...
- Nagpur woman loses Rs 6.93 lakh in online scam, files complaint against bank, wins back money with 9% interest and additional Rs 35000A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank t...
- SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking detailsA consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- Cyber fraud cases tripled between 2020 and 2024, Govt tells Rajya SabhaCyber fraud cases have nearly tripled in India since 2020. Telangana recorded the highest number of these cases in 2024. Online banking fra...
- Bank of Baroda data breached: Is your account in danger? 7 things you can do to protect your accountBank of Baroda confirmed a data breach originating from a compromised employee email account. The lender insists its core banking systems r...
- IndusInd Bank customer loses Rs 2.3 lakh in 18 minutes to a KYC scam: Court orders refund; says banks, not customers, are responsible for unauthorised transactionsIndusInd Bank ordered to refund after customer loses Rs 2.3 lakh to a KYC scam: A Delhi consumer commission has ordered IndusInd Bank to re...
- Did PM Modi announce a Rs 25 lakh monthly income scheme? Here's the truthA fake video using artificial intelligence shows Prime Minister Modi promoting an investment scheme. This fraudulent platform falsely promi...
- ED sends letters rogatory abroad, seeks info on foreign operativesThe Enforcement Directorate is investigating a sophisticated transnational cyber fraud network. This syndicate used mule bank accounts and ...
- Gujarat Police bust Jamtara-linked APK fraud network: Here's what is an APK scam and how does it work?Ahmedabad Cyber Crime Branch has nabbed three individuals linked to a Jharkhand-based fraud network. These criminals allegedly distributed ...
- Good news for senior citizens: Money in this bank can now only be transferred by double OTP verification one to a/c holder and another to trusted contactSenior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system....
- Banks, telecom companies to chuck OTPs, adopt silent authenticationBanks and telecom companies are developing a silent authentication mechanism to combat SIM cloning and eSIM swaps. This background check ve...
- Airtel unveils AI-powered solution to combat OTP related bank fraudsAirtel has introduced Fraud Alert, an AI system to combat OTP bank frauds. This new technology identifies risky calls where fraudsters try ...
- Airtel unveils new AI-powered protection from bank frauds caused by OTP leakagesAirtel has launched an AI-powered tool to combat OTP-related bank frauds, offering real-time protection to customers. The system identifies...
- Govt teams up with SBI Cards, telcos to combat OTP fraudsThe Centre is trying a solution that will allow banks to track the registered address as well as geolocation of a customer and where an OTP...
- RBI wants to drop OTP, but you’ll still need a phone for authenticationAccording to bankers, "social engineering" scams that include tricking a customer into disclosing their password or getting it through a SI...
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