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BANK FRAUD
200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operation- Michigan-born TV producer claimed she was heir to family behind F-15 Eagle, defrauded banks of nearly $30 million and vanished: Meet Mary Carole McDonnell, now on FBI’s Most Wanted list
- Finance Ministry seeks banks' inputs on AI tools for loan collection, assesses adoption
- AI messaging scam costs Italy's top bank Intesa $108 million: ReportThe scheme, first reported by Corriere della Sera, began in February when then-Fideuram Chairman Paolo Molesini received what appeared to b...25 Sep, 2026, 09.35 PM IST
- WhatsApp 'NO' reply costs lakhs: CA gets Rs 90,000 fake debit alert, replies 'NO' & loses Rs 1.70 lakh from bank accounts; no OTP or link involvedA Chartered accountant allegedly lost Rs 1.70 lakh from his ICICI Bank and IndusInd Bank accounts after replying “No” to a WhatsApp message...25 Sep, 2026, 05.47 PM IST
- Banks likely to deploy FCNR(B) liquidity in coming months as festive credit demand rises: RBI Deputy GuvReserve Bank Deputy Governor Rohit Jain stated that banks are expected to deploy additional liquidity from FCNR(B) deposits. This deploymen...24 Sep, 2026, 07.41 PM IST
- Banks’ biggest risks may now sit inside their tech stack: RBI Deputy Governor Rohit JainRBI Deputy Governor Rohit Jain said technology is no longer merely an enabler for banks but is becoming their “risk architecture”, making t...24 Sep, 2026, 03.49 PM IST
- How one email cost a 77-year-old retiree $390,000 and his retirement plansJeffrey Maas, a 77-year-old retiree, lost his life savings after falling for a scam. He received a fake email about an antivirus charge tha...23 Sep, 2026, 02.35 PM IST
- BHIM MyUPI payments launched: 9 services users can access at one place, from checking transactions to managing UPI AutopayIn a significant move towards enhancing digital payments, NPCI BHIM Services Limited has introduced MyUPI, a conversational AI assistant se...23 Sep, 2026, 12.35 PM IST
- ₹1 crore accidental death claim rejected over alleged income inflation; here’s why wife won against insurerAn insurer's attempt to deny a Rs 1 crore accidental death claim based on alleged income inflation backfired. The consumer commission ruled...23 Sep, 2026, 11.49 AM IST
- Banks warn AI shopping bots raise scam, fraud and data-privacy risksTechnology companies including OpenAI, Anthropic, Google and Meta are increasingly promoting AI chatbots as shopping tools, envisioning a f...23 Sep, 2026, 08.09 AM IST
- How a fake Apple service centre in Gurgaon scammed elderly US citizens of up to Rs 20 lakh eachA fraudulent Apple service centre was discovered in Palam Vihar, targeting elderly victims in the US. Operators sent alarming messages abou...23 Sep, 2026, 07.57 AM IST
- MDR gives banks more fuel for UPI playPayment companies can build the customer interface, but a product cannot scale until issuing and acquiring banks connect their systems, tes...23 Sep, 2026, 06.00 AM IST
- National Student Laptop Scheme 2026: Viral message leaves students curious, PIB respondsThe PIB Fact Check has debunked a WhatsApp message claiming that the Government of India is inviting students to apply for free laptops und...21 Sep, 2026, 06.33 PM IST
- UPI vs credit cards - How India's payments system is boosting savings and benefitting multiple stakeholdersThe Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit...21 Sep, 2026, 12.22 PM IST
- MDR fears groundless, AI accountability lies with boards: RBI Dy Governor SC MurmuTackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Ban...18 Sep, 2026, 05.30 PM IST
- 34-year-old woman told Rs 9 crore sent to her from abroad was stuck at customs; she paid for its release, lost Rs 1.2 crore to fraudA 34-year-old West Delhi woman allegedly lost around Rs 1.2 crore after fraudsters told her a diplomatic parcel containing £7 lakh was stuc...17 Sep, 2026, 03.26 PM IST
- HDFC credit card holder lost Rs 1.39 lakh in an unauthorised transaction, bank says card details and OTP were used; court orders HDFC Bank to pay him Rs 1.75 lakhAn HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised. HDFC Bank argued that card detai...16 Sep, 2026, 09.39 AM IST
- Central database may be used for financial oversight, risk monitoringIndia's government plans to expand Cersai's database for better financial risk monitoring. This initiative aligns with the phased rollout o...15 Sep, 2026, 12.45 AM IST
- RBI proposes framework to freeze only disputed amounts instead of entire accounts in cyber fraud casesBanks will soon freeze only disputed transaction amounts, not entire accounts. AI systems will monitor unusual transfers of one thousand ru...14 Sep, 2026, 05.59 PM IST
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