Digital Frauds

Online frauds: While AI is making life more convenient, it's also empowering scammers to launch smarter, harder-to-detect scams. Staying informed, cautious, and proactive is your best defense against these digital threats.

RBI Guv asks banks to have robust systems to curb digital frauds

Malhotra along with his deputies — M Rajeshwar Rao, T Rabi Sankar and Swaminathan J — met MDs and CEOs of public and private sector banks here on Monday.

Karnataka residents lost Rs 109 crore to ‘digital arrest’ frauds this year; only Rs 9.45 crore recovered

Speaking at the Legislative Council on December 12, Home Minister G. Parameshwara said 641 'digital arrest' fraud cases were reported this year, with 480 cases in Bengaluru city alone. Mysuru reported 24 cases, and Mangaluru 21

Dedicated teams working with AI to thwart suspicious transactions, says Google Pay

Last year alone, the UPI payments app claims to have thwarted approximately Rs 12,000 crore worth of suspicious transactions

Fintechs, law enforcement agencies mull ways to address digital fraud, cyber security challenges

Heads of around 60 fintech companies, four fintech associations, 23 states' police departments, CBI, ED, FIU-India, central government ministries and departments, regulators and other concerned agencies participated in the workshop

7 unique digital frauds and how to avoid them

Exercise caution when interacting online, avoid suspicious links, and verify identities before sharing sensitive information.

RBI annual report: Most frauds hit private lenders but PSU banks outweigh in fraud amount

Maximum frauds were reported in digital payments but in terms of value, frauds have been reported primarily in the loan portfolio.

Digital commerce transactions increased 30% in 2021 but so did digital frauds, says RBI report

According to the report, various types of frauds include online job fraud, lottery fraud among others.