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LOSSES DUE TO CYBERCRIME
WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SCAuthorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...
- Govt blocks access for 242 betting, gambling sitesIndia has blocked over 242 illegal betting and gambling websites. This action follows the passage of the Online Gaming Act last year. The g...
- Rs 1,621-cr illicit funds routed via mule accounts in Punjab and Sind bank; CBI books ex-branch headsThe CBI has filed two FIRs against former Punjab & Sind Bank branch heads in Sri Ganganagar for allegedly opening 17 mule accounts. These a...
- High-level panel formed to examine digital arrest issues: MHA tells SCThe Ministry of Home Affairs has formed a high-level committee to address digital arrest scam cases. This committee will examine issues fac...
- Banks will have to pay cyber fraud victims if…, Haryana DGP makes a big announcement on online scamsHaryana DGP OP Singh stated banks may be liable for cyber fraud losses if due diligence is not followed, emphasizing proactive prevention o...
- Social media monitors us constantly, need to regulate: Centre tells Karnataka HC in X Corp caseDuring a Karnataka High Court hearing, the Centre emphasized the urgent need for digital space regulation due to rising cybercrime and cons...
- Stuck UPI payment on PhonePe, Google Pay, Paytm? Possible fraud prevention against flagged mobile numberTo combat financial crime, the Department of Telecommunications has adopted the Financial Fraud Risk Indicator (FRI), disseminated through ...
- Govt says cyber fraud cases jumped over four-fold in FY24, caused $20 million lossesAffordable data packs in the world's most populous country, starting as low as 11 rupees ($0.13) per hour, have increased internet access a...
- Indian entities may lose Rs 20,000 cr to cyber crimes in 2025: CloudSEK ReportIndian entities are projected to incur losses of Rs 20,000 crore due to cyber crimes in 2025, with Rs 9,000 crore resulting from brand name...
- New NPS frauds lure subscribers with higher returns, complete withdrawal of NPS corpus and more; PFRDA cautions publicPension related frauds: Pension Fund Regulatory and Development Authority (PFRDA) through a public notice has cautioned the general public ...
- Over Rs 177 crore lost on account of ATM/credit card, internet banking fraudsA customer need not bear any loss if the deficiency is on the part of the bank and in cases, where the fault lies neither with the bank nor...
- Chinese syndicates to keep hurting India via loan app scams: Cyber expertChinese loan apps, operated by Chinese criminal syndicates and gangs, are causing significant financial losses in India. Pavan Duggal, a cy...
- More professionals seek upskilling in cybersecurity: Simplilearn reportThe report titled ‘Safeguarding the Digital Frontier - Cybersecurity Trends and Upskilling Outlook for 2024’ highlights the pressing demand...
- Five cyber-security tips to secure your online shopping and memoriesGiven how vulnerable our data has become due to the easy availability of the internet, it has become simple for attackers to access our dat...
- Who'll foot the bill? Banks or payment providers?The actual financial liability due to the breach is still not clear, though the NPCI puts it at just Rs 1.3 crore based on declarations by ...
- EY Develops a tool to protect systems from malwares like ransomware attacksRansomware is a kind of malware which is targeted to extort money through primarily crypto currencies such as Bitcoins, by locking computer...
- India Inc scrambles to check cybercrimeThe uptake of insurance policies covering cybercrime was largely limited to the IT-ITeS sectors, or ecommerce companies. Now crime is risin...
- Cyber response mechanism: The 'achilles heel' of corporate IndiaAs technology makes the world of commerce more 'on-demand', companies increasingly stand exposed to the threat of cybercrime.
- Cyber-crime cases jump 1033 per cent in a year, Kolkata youths at riskWhile such cases have increased by a whopping 355.8 % in the state, the Kolkata figures can scare anyone. It shows a 1033.3 % jump in 2012.
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