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UPI FRAUD SAFEGUARDS
NEET re-test nears amid admit card glitches, refund queriesCandidates are facing challenges downloading NEET-UG 2026 re-examination admit cards. The National Testing Agency is working to resolve tec...
Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
Trust at scale: What it takes to build a resilient digital asset ecosystem in IndiaAs India leads global digital asset adoption, building a robust trust infrastructure is critical. The article emphasizes a systems approach...
From trusted persons to kill switch: 6 ways how RBI is planning to safeguard your online paymentsAmidst rising online fraud, the RBI proposes enhanced digital payment security. Key measures include a one-hour wait for new payees and hig...
RBI may soon make you wait an hour before your UPI transfers goes throughThe Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large trans...
Compensation for cyber fraud: RBI’s new initiative works for many customers but know when it doesn’t work for othersDigital transactions are rising in India. This has led to an increase in digital frauds. The RBI is proposing compensation for customers lo...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: ReportNew technology is bypassing UPI app security. Fraudsters are using a toolkit called "Digital Lutera" to steal money. This attack manipulate...
HC seeks RBI, Govt reply on UPI fraud safeguardsThe Delhi High Court has asked the Finance Ministry, Reserve Bank of India, and National Payments Corporation of India for their response. ...
'DoT's fraud indicator prevents ₹1,400 crore in potential losses'Thanks to the Department of Telecommunications' innovative Financial Fraud Risk Indicator, a staggering 1,400 crore rupees in potential los...
RBI tightens norms against mis-selling, coercive recovery: Impact on consumersThe Reserve Bank of India is prioritizing customer protection in its latest monetary policy. New rules will target mis-selling of financial...
NPCI to stop UPI P2P 'collect requests' from October 1 to combat fraudTo combat financial fraud, the National Payments Corporation of India (NPCI) has directed banks and payment apps to discontinue peer-to-pee...
UPI payment without PIN: Is NPCI considering face recognition and biometrics for authorising transactions?NPCI is reportedly considering enabling UPI payments via face ID or biometrics, potentially eliminating the need for PINs. This move aims t...
RBI advises banks to integrate DoT's financial fraud technologyThe Reserve Bank of India has advised banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to ...
A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile bankingFraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure where...
MobiKwik introduces Pocket UPI to facilitate payments without linking bank accountPocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than th...
Financial frauds accounted for over 75% cyber crimes since 2020: StudySocial media-related crimes such as cheating by impersonation, cyber-bullying, sexting and email phishing accounted for 12% of the online o...
Your casual digital transaction could lead to frozen bank account, police investigation. Read howA family in Ahmedabad found themselves trapped in an online fraud case after their UPI account was linked to a bitcoin trading scam. A teen...
Paytm offers cyber fraud cover of up to Rs 10,000 at Rs 30The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being...
Payments on WhatsApp launches ‘Scam Se Bacho’ campaign in IndiaPayments on WhatsApp allow users to send and receive money from their contacts via Unified Payment Interface (UPI) as easily as sending a W...
Airtel CEO Gopal Vittal warns users about cyber-fraud cases becoming 'alarmingly frequent'"There are several fake UPI apps and ecommerce websites which appear authentic in design through the usage of NPCI, BHIM words and logos. I...