Searched for
PAYMENT DIVERSION FRAUD
Microsoft disrupts cybercrime service linked to AI-enabled fraudMicrosoft on Wednesday said it has taken coordinated legal action in the United States and Britain to disrupt a low-cost subscription servi...- Standard Chartered widens fraud probe after Rs 80 crore HNI funds diversion in BengaluruStandard Chartered Bank finds itself amidst a serious investigation involving its Bengaluru priority banking sector, as suspicions arise ov...
- RBI's Digital Payments Intelligence Platform to flag risky transactionsThe RBI is developing a Digital Payments Intelligence Platform (DPIP) using AI to detect risky transactions and prevent fraud. The system w...
- ED attaches Rs 110 crore worth assets in bank 'fraud' case against Lakhani groupThe Enforcement Directorate has attached assets worth over Rs 110 crore of Lakhani India Limited and its group companies in connection with...
- Donald Trump credits Elon Musk with tens of billions in savings, but DOGE’s social media has other ideas; here's the breakdownPresident Donald Trump has credited Elon Musk’s Department of Government Efficiency (DOGE) for saving billions of taxpayer dollars by cutti...
- How MSMEs can benefit from this solution for identity verification and fraud preventionCashfree Payments’ Secure ID is also tailored for startups and MSMEs, helping them manage their verification processes and mitigate fraud w...
- How an ex-Facebook employee stole Rs 40 crore from the company and repeated the fraud at NikeFormer DEI executive Barbara Furlow-Smiles sentenced for embezzling $5M from Facebook and Nike through fake vendors and cash kickbacks. Con...
- Look before you QR code: As smart payments become a norm, fraud gates open upThis article discusses the rise of a new form of cybercrime called 'quishing', which involves the malicious use of fake or manipulated QR c...
- ABG Shipyard case: EY Partner, 21 top bank officials among ED witnessesEY had carried out a forensic audit of ABG Shipyard on the instructions of a consortium of 28 banks, which had alleged diversion of funds t...
- Sebi issues demand notices to 7 entities in Religare Enterprises caseThe seven entities that received notices are -- Torus Buildcon, Artifice Properties, Rosestar Marketing, Oscar Investments, Ad Advertising,...
- Sebi issues demand notices to 5 entities in Fortis Healthcare fund diversion caseFive entities, including Saubhagya Buildcon and Zolton Properties, have been issued notices by the Securities and Exchange Board of India (...
- 57% of all fraud incidents in India are platform frauds: PwC IndiaPlatform fraud is a novel form of economic crime that involves fraudulent activities associated with social media, ecommerce, enterprise an...
- Immigration scams are on the rise in the US. Here's what you should knowThe scams are varied and use multiple points of contact like emails, websites, and mail. Many times, the amount of information the scammers...
- Banks to seek change in definition of 'fraud'A rigid regulation requires all banks to label a borrowing company and all its accounts as 'fraud account (s)' when one lender puts a fraud...
- Mallya loan fraud case: Air Deccan founder GR Gopinath under lensGopinath is being probed by investigative agencies for his alleged role in Mallya's scam.
- Indian ex-Tesla employee charged in $9.3 million embezzlement schemeSalil Parulekar has been charged with nine counts of wire fraud and one count of aggravated identity theft.
- Lenders fail to spot fraud through forensic auditsAccording to Khurana, courts set the bar for establishing frauds rather high and banks ask their auditors to come up with irrefutable evide...
- Frauds going up in number, banks need to tighten cyber security norms: RBIThe number of frauds went up to 5064 from 4235 and the value shot up to Rs 16770 crore from Rs 9750 crore over the last five years, said th...
- SFIO probes Kingfisher Airlines for suspected fund diversionWhite collar crime probe agency SFIO has launched an investigation into alleged fund diversion and financial irregularities at long-grounde...
- SFIO submits Satyam fraud report to govt, say sourcesSerious Fraud Investigation Office is believed to have completed investigation of Satyam-fraud case and submitted its report to government.
Load More
