Debit Card Fraud

Bank fraud complaints rose to 145,309 in FY21 against 135,448 in FY20: FM

'The RBI informed that there is an increase of 12.01 per cent and 52.99 per cent with regard to complaints in Mobile/Electronic Banking and Credit Card, respectively,' Nirmala Sitharaman said

World Bank cautions against fake credit, debit cards with its name, logo

The advisory came after its attention was drawn to such fraudulent issuance of debit/credit cards in India, according to the multilateral lending agency

These new risk-mitigation tools will protect you from banking frauds

Using these new tools, switch off usages you don't require and set limits on others

Details of 1.3 mn Indian credit, debit cards up for sale on the dark web

The debit and credit cards belong to multiple Indian banks and are being sold for $100 each, in what security researchers have dubbed one of the biggest card dumps in recent years

India remains vulnerable to credit and debit card frauds despite measures

India was ranked among the top five countries globally that are vulnerable to credit card fraud, according to the 2016 Global Consumer Fraud Report

Report holds Hitachi responsible for debit card data theft

Earlier, when the news of the data theft came to light, Hitachi had denied that its systems were compromised

Forensic auditor probing data breach, only few debit cards misused, says RBI

The RBI held a meeting with senior officials from select banks, the National Payment Corporation of India (NPCI) and card network operators to review the steps taken by various agencies

From cloning to ATM passwords, learn how to save yourself from debit card frauds

With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative

Is you debit card blocked? Banks tell you how to protect yourself from potential fraud

The security breach in debit cards has resulted in banks as well as card players to spruce up efforts to investigate the matter.

Banking shares shrug off debit card security breach concerns; Bank Nifty up 1.4 %

Indian banking stocks have shrugged off concerns rising out of the potential fraud involving nearly 3 million debit cards.At a time when benchmark key indices were up only 0.6 per cent, bank indices are trading firm with a gain of about 1.4 per cent.ICICI Bank is leading the rally for the third day in a row. Its stock was up 4.4 per cent at Rs 276.7 at IST 1140. It was followed by Federal Bank, Canara Bank, Punjab National Bank - all up between 3.5 per cent and 4 per cent. Interestingly, in the Nifty Bank index, all stocks are trading in the green except HDFC Bank which was marginally down.It is important to note that around 30 lakh bank debit cards may have come under threat after an alleged security breach at Yes Bank's ATM raised fears of potential fraud. A slew of banks will either replace or ask customer to change the security codes.The move comes a day after India's largest lender State Bank of India said that it had blocked cards of certain customers. Several reports suggest ..