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...
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 ...
Cosmos cyber fraud: Money withdrawn from 28 countries, cops sayOn August 11 and 13, unidentified hackers targeted the bank's ATM switch server and stole details of VISA and Rupay ATM cards. They also at...
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.
Your cloned card is being swiped abroadUsually, crooks use a device called the skimmer that is fitted to a card swiping machine and which copies the card details while it is bein...
Aadhaar-link con calls may wipe out your bank balanceIn most cases, swindlers knew that their Aadhaar was not linked with their bank account. Calls were usually made either during night or in ...
In 3 years, fraud, theft cost nation's top banks Rs 485 croreMore than 24 lakh people, or roughly 22% of Delhi's population, could have withdrawn Rs 2,000 using this much cash.
Actress Nargis Fakhri cheated of Rs 6 Lakh via 'cloned' credit cardIt is suspected that the alleged swindlers copied Nargis' card information & made a clone.In all, 14 transactions were made for around $9,0...
Cyber crimes on debit, credit cards double as fraudsters evolve new methodsAccording to a senior official from the NPCI, a settlement platform for e-payments, the number of such cases has spurted about 125% since l...
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card-skimming can be attributed to non-practice of authentication processes in the jurisdiction where the money got withdrawn.
Nandan Nilekani's Aadhaar project faces fight from a team of Europay, Mastercard & VisaAmid an alarming rise in credit card frauds, a group of bankers will decide in a month the appropriate payment technology for the Indian ba...
Greek hackers steal Rs 13 lakh from Axis Bank accounts using cloned debit cardsJobless Greeks stole money from Axis Bank accounts using cloned debit cards, exposing the vulnerability of account holders in India to risi...
Soon, punch in PIN after swiping card at outletsThe next time you offer your debit/credit card , don't be surprised if the waiter brings the payment device and asks you to punch in your s...
Credit card frauds to hit e-paymentsMany like Majumdar are shying away from using electronic payment modes the Reserve Bank of India wants to popularise.
Beware of missed call to check SIM cloningNext time if you get a missed call starting with +92; #90 or #09, don't show the courtesy of calling back because chances are it would lead...
- ICICI Bank recalls hundreds of credit and debit cards after cloning scare
On October 5, the city police had busted a card-cloning racket. Initially, they received complaints from 64 card users.
- SBI Cards launches credit cards with EMV security feature
SBI Cards, a joint venture between the country's largest lender SBI and GE Capital, launched credit cards with EMV chip security feature.