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BANKING FRAUD MITIGATION
Global watchdog calls for tighter controls on agentic AI in financeThe Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate r...- Change drivers : creating industry-wide impactThis article highlights individuals driving innovation and trust in various sectors. Shiva Sankeerth Reddy Yarradla is revolutionizing ente...
- How Artificial Intelligence is Reshaping Cryptocurrency Security and Fraud PreventionSophisticated AI-powered fraud is escalating, with global digital asset fraud surging 30% in 2025. Binance is combating this by deploying p...
- Court allows Jet Airways founder Naresh Goyal to travel to London for medical consultationA Mumbai court has permitted Jet Airways founder Naresh Goyal to travel to London for four weeks. Goyal, facing money laundering charges, s...
- Cheques & balances: IDFC First brings in extra layer of securityIDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the ban...
- PSU banks to hold majority in digital payment intel bodyTo combat payment fraud, state-run banks will spearhead the Digital Payments Intelligence Platform (DPIP), holding a majority stake in this...
- M2P fintech teams up with Bureau for enhanced fraud preventionThe number of frauds detected in the banking system last fiscal almost tripled on year, according to the central banks’ annual report with ...
- PFRDA updates regulations to cut compliance costs, prevent fraudsIn a statement, the finance ministry noted that the amendments to Trustee Bank (TB) Regulations simplify and strengthen the provisions rela...
- Govt disconnects 70 lakh mobile numbers involved in financial frauds: DFS SecretaryTo check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financia...
- RBI's fourth regulatory sandbox cohort on financial fraudsThe central bank has so far introduced three cohorts. Six entities have successfully exited the first Cohort on ‘Retail Payments’ while und...
- Payment operators to share intel on fraudsters and blacklist scammers“The industry under Payments Council of India is coming together for data sharing and we are creating a negative database for both merchant...
- RBI to assess large value frauds to identify reporting delaysThe regulator is engaged in interlinking various databases and information systems to improve fraud monitoring and detection.
- PSBs lack adequate risk mitigation measuresBetween 2015 and 2018, PSBs accounted for 90% of all frauds that happened in banking sector
- Over 1,700 card, net banking-related frauds reported in 2017Banks and payment system operators have been advised to enhance the security and risk mitigation measures for card transactions.
- PSBs need to improve risk infrastructure: SBI chief Rajnish KumarTalking about SBI, Kumar said SBI has a good risk mitigation architecture.
- RBI panel to review bad-loan estimates and systemic gapsThe panel will prescribe steps to prevent frauds and examine factors.
- Indian companies unprepared for online frauds: DeloitteThe survey covers a total of 309 top executives from large (domestic and multinational) companies, SMEs, besides working professionals.
- Data fraud: Irdai takes guard, readies cyber security shieldThe Insurance Regulatory and Development Authority of India (Irdai) said it will be a comprehensive framework for the sector.
- CAG seeks debate on auditing regulatorsIn India, the Comptroller and Auditor General (CAG) does not audit RBI whose auditors are appointed by the central government under the pro...
- RBI to banks: Only chip, PIN based debit/credit cards from SeptemberThe Reserve Bank asked banks to issue only chip-based and PIN enabled debit and credit cards from September, a move aimed at protecting cus...
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