Searched for
DIGITAL LENDING SCAMS
CBI raids 80 locations in 16 states in crackdown on digital arrest scamsIn a significant crackdown, the CBI has dismantled a cybercrime network behind digital arrest scams, conducting searches across 16 states. ...- India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
- How to spot an investment scam before it spots youIndia's digital investment boom is fueling a surge in cybercrime, with financial fraud leading the charge. Criminals are increasingly using...
- ED case files in poll-bound West BengalThe Enforcement Directorate is actively investigating several money laundering cases across West Bengal. These probes target alleged corrup...
- Got a Rs 7 Lakh PM Mudra loan approval asking for Rs 860? You are being scammedScammers are using fake approval letters on social media, claiming eligibility for PM Mudra loans and demanding a fee for release. The Pres...
- Digital arrest scams: Supreme Court raises alarm over bank officials’ roleThe Supreme Court has strongly criticised bank officials for their alleged involvement in digital arrest scams. The court described the sip...
- Airtel CEO Gopal Vittal pushes for safer digital paymentsGopal Vittal from Bharti Airtel emphasizes the importance of safer digital payment practices for consumers. He encourages individuals to cr...
- China’s digital heist: How loan apps and crypto scams drained ₹28,000 crore from IndiaA detailed Enforcement Directorate report reveals Chinese nationals are behind most loan app and crypto scams in India, with Rs 28,000 cror...
- WhatsApp remains top among social media platforms to be misused by cyber criminals, says MHA reportWhatsApp, Telegram, and Instagram are leading platforms for cyber frauds in 2024. Thousands of complaints have been registered for scams th...
- Mumbai man loses Rs 1.07 crore in trading scam; Here's how Indians lost Rs 1,750 cr in just four monthsA 48-year-old man from Navi Mumbai lost Rs 1.07 crore in a share trading scam, highlighting a broader surge in cybercrime in India. The Ind...
- Indians lost over ₹1,750 crore to cyber fraud in first four months of 2024According to Indian Cyber Crime Coordination Centre (I4C), on an average 7,000 cybercrime complaints were registered per day in May 2024, a...
- Wary of BoB World app and other scams, Fin Min bats for enhanced KYC, due diligenceTo counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merc...
- How scamsters in India are sending thousands of crores of rupees back to ChinaChinese scammers have suddenly mushroomed after the pandemic, which led to a widespread use of various kinds of apps and other digital tech...
- Illegal digital lending apps driving citizens to suicide, says Ministry of Home AffairsThe ministry has noted that "many of these illegal lending apps may not be regulated entities by RBI and are using bulk SMS, digital advert...
- UP Police unearths Rs 4,200 cr fraud with links to Chinese operatorsEarlier this year, the police found a link with China-based operators and were cheating people out of crores of rupees across India. This w...
- Losses from crypto hacks surged 60% to $1.9 billion in Jan-July: reportDeFi applications, many of which run on the Ethereum blockchain, are financial platforms that enable crypto-denominated lending outside of ...
- 426 'rogue' lending apps currently on Play Store: Citizens' collectiveMany of these apps, researchers say, indulge in "abusive lending practices” and seek wide-ranging intrusive permissions from users.
- BharatPe eyes PMC Bank in tie-up with CentrumIf successful, an acquisition will boost BharatPe’s lending business. It aims to build a Rs 5,000-crore loan book in two years
- Here's how not to fall for fake loan appsOne of the indicators of genuineness is whether a lender wants to check your credit report before lending you money. Reputable lenders make...
- More dynamic supervision needed for banks: Niti AayogThe remarks were made by Niti Aayog vice-chairman Rajiv Kumar, who, however, did not make any explicit reference to the PNB scam while spea...
Load More
