Indian consumers are embracing digital banking, but too many questions is a dampener, says a survey. People are most worried about fraud when they are tricked into sending money to a fraudster
The convenience of managing finances at our fingertips comes hand in hand with a growing vulnerability to digital attacks. Arming yourself with knowledge, maintaining good digital hygiene and staying vigilant can be your shield against such frauds.
RBI ED said while data privacy law will help to tackle online fake messages fraud, the public need to do their own due diligence.
In case you missed it, here's all that happened in the banking sector in the week gone by.
The recent cyberattack engulfing 3.2 million bank debit cards is unlikely to come in the way of the government‘s plans to support electronic transactions, including possible tax benefits for payments made through plastic money.
The Finance Ministry has released guidelines for promotion of payments through cards and digital means to move towards "less cash society"