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CARD SKIMMING
Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...- 5 things to know about cardless cash withdrawalCurrently this service is offered by some banks for their customers only.
- How your financial data can get stolenWhile banks usually ask for verification, the rule is applicable only when the account holder calls the bank and not the other way round.
- The great Kolkata Bank fraud: Why this ATM scam is a warning bell for youThe fraudsters installed the skimmers at ATM machines between April and July, and withdrew money last week.
- ATM Skimming: Read this to save yourself from the new ATM fraud78 customers of leading public and private sector banks have allegedly lost over Rs 20 lakh.
- RBI red flags unsecure ATMs: This is your liability if you are defraudedThe RBI has again pointed out that banks have not taken steps to secure ATMs running on old software despite being warned about these a yea...
- RBI asks banks to counter cloning of ATM cardsThe RBI has also raised red flags over the progress made by banks in upgrading machines from the unsupported Windows XP operating system.
- Beware of clone machine before swiping your cardThe modus operandi has indicated the usage of skimmer devices, which are used to illegally copy card details when it is swiped at an ATM or...
- CERT-In issues advisory on security of PoS systemsThe advisory also comes less than a week after Paytm launched a PoS service through its app last week and withdrew it only a day later.
- Banks still don't buy cyber fraud coversAll three banks have taken the mandatory 'bankers indemnity' insurance cover, they have not insured themselves against data breaches and cy...
- 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...
- Make faster payment with contactless card, but take precautionsThey are safe because the card is never out of your sight. However, forensic experts feel that NFC cards have their own set of vulnerabilit...
- Adopt Aadhaar authentication for card-based transactions: RBIThe Reserve Bank today advised banks that they may adopt Aadhaar as additional authentication or move to EMV chip and pin technology.
- Lax security authentication led to card-skimming frauds: RBIIllegal debit card-skimming can be attributed to non-practice of authentication processes in the jurisdiction where the money got withdrawn.
- India has seen the lowest no. of credit card fraud cases: VisaLeading payment system provider Visa today said India has witnessed the lowest number of credit card fraud cases compared to other nations,...
- Won’t lose money in card fraud if secure code’s safeIf a transaction is completed using the password, the bank will hold the customer liable. The fraudsters can access a password is through p...
- HDFC Bank replacing merchant terminals due to 'skimming' fraudCountry's largest credit card issuer HDFC Bank has started replacing some points of sale machines at merchant establishments following card...
- Bankers suspect new malware behind global credit card fraudBankers say that the spurt in credit card frauds is possibly caused by a new malware Dexter which has been used to commit digital fraud glo...
- Banks in Bangalore grapple with illegal ATM withdrawalsOver the past few days, a number of a/c holders in Bangalore have complained that money was illegally withdrawn from their accounts through...
- RBI asks banks to implement safety measures for card usageRBI today asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years.
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