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SMS FRAUD PROTECTION
RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...
Telcos reject call for cheaper, standalone voice & SMS plansTelecom operators Reliance Jio, Airtel, and Vodafone Idea have rejected the Telecom Regulatory Authority of India's (Trai) proposal for man...
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
PNG gas scam: Man clicked on bill link & kept losing money until Rs 31 lakh was drained; 21 others fell for the same fraudFake gas bill update scam: A cyber fraud has targeted 22 individuals in Thane, Maharashtra. Victims received fake gas bill update messages,...
Public sector banks told to take quantum leap in encryption for added securityIndian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant ...
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...
How SIM swap fraud drains your money and what you can do todaySIM swap fraud is a growing cyber threat. Criminals hijack mobile numbers to access bank accounts and sensitive information. This can lead ...
Fraudsters target SBI customers in mobile number change fraud; bank asks customers to stay alertSBI has alerted customers about a new fraud targeting pensioners, where scammers attempt to replace registered mobile numbers to intercept ...
Airtel says new fraud detection system shielded 3.5 mn users in Delhi-NCRAirtel’s AI-powered fraud detection system has protected over 3.5 million users in Delhi-NCR within 43 days of its launch. Automatically en...
New NPS frauds lure subscribers with higher returns, complete withdrawal of NPS corpus and more; PFRDA cautions publicPension related frauds: Pension Fund Regulatory and Development Authority (PFRDA) through a public notice has cautioned the general public ...
Govt declares war against fraud with Sanchar Saathi app; Now report suspected fraud directly from mobile phone call logsSanchar Saathi app: New app called Sanchar Saathi launched by Union Minister Jyotiraditya M. Scindia on January 15, 2025 to help combat cyb...
CBIC cautions public against frauds in the name of Indian CustomsThe Central Board of Indirect Taxes and Customs (CBIC) issued an alert regarding fraudulent activities where imposters pose as Indian Custo...
DoT take down over 1000 SMS content templates to protect citizens from potential fraudDoT, with support from MHA, cracked down on spam calls by blacklisting 73 SMS headers and 1,522 content templates to prevent SMS fraud, as ...
Govt blacklists 8 principal entities in fresh strike down on SMS scammersThe Department of Telecommunications (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken this decisive action to pro...
SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourselfBank frauds: SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under t...
Cyber fraud victims should be immediately compensated by financial institutions: Parliamentary panelA parliamentary panel has called for immediate compensation to cyber fraud victims by financial institutions, saying this will go a long wa...
Lot of headroom for growth in India; will be compliant with new data protection laws: Truecaller CEOAs Swedish caller identification app Truecaller touched 250 million active users milestone in India, CEO and co-founder Alan Mamedi believe...
Truecaller in talks with telcos to weed out pesky calls, messages, curb fraud“We have built a solution to respond to (SMS frauds) and to safeguard our users and we'd be happy to work with both the regulator and carri...
74% respondents getting pesky messages despite being in Trai's DND list: SurveyRegulations regarding pesky calls are managed by the Telecom Regulatory Authority of India (Trai). It has provision to penalise pesky calle...