Amidst the alarming increase in cyber scams, the Hyderabad Police have initiated Operation Octopus, a mission aimed at dismantling the enti...

Union Home Minister Amit Shah has instructed border district administrations to create specific Standard Operating Procedures. These will h...

Senior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system....

In multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...

India will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...

Delhi Police have arrested a 31-year-old Bengaluru-based software engineer, Ravi Rathore, for allegedly running a fake online trading racke...

Delhi Police apprehended three individuals, including a bank assistant manager, for a Rs 45 lakh investment scam. The trio allegedly used a...

Hyderabad Police's crackdown on cyber fraud, revealing systemic banking gaps and Rs 400 crore annual losses, has prompted a high-level meet...

Authorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...

Cybercrime is undermining the traditional trust associated with bank brands, forcing a reevaluation of communication strategies. Current an...

Australia's financial intelligence unit, AUSTRAC, has uncovered significant control and reporting issues within foreign-owned banks. Review...

Australia's financial intelligence agency, AUSTRAC, has flagged serious concerns regarding foreign banks. Weaknesses in controls and low re...

Reserve Bank of India: The RBI innovation hub in Bengaluru has developed a new artificial intelligence based system to reduce digital fraud...

Mule accounts are bank accounts that are used to launder proceeds of crime by fraudsters. In an age when there are strict laws on holding o...

Bank account block: There are at least 5 Indian banks who are tracking money mule transactions conducted through their account holders. In ...

The victim does not suspect anything because there is very little money of his own in the account and he earns a fat commission by doing vi...

Many a times the address and contact details of such mules are found to be fake or not up-to-date, making it difficult for enforcement agen...