Page 3 - Online Frauds

Woman loses Rs 23 lakh in online stock market scam: How to protect yourself

Mohammad Daud targeted a 32-year-old woman with a website on social media that promised high profits from stock market trading

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

Scammer gives online security advice to man on WhatsApp; Paytm MD reacts

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs

Govt warns against fake banking app targeting Union Bank account holders

'Union-Rewards.apk', pretending to be the legitimate app of Union Bank, lures account holders with promises of rewards

India ranks number 10 in cybercrime, Russia tops list followed by Ukraine

India ranked number 10 in cybercrime, with frauds involving people to make advance fee payment being the most common type, according to a new research that surveyed cybercrime experts around the world. An international team of researchers has compiled the 'World Cybercrime Index' that ranks roughly 100 countries and identifies key hotspots according to various categories of cybercrime, including ransomware, credit card theft and scams. Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania. North Korea was at the seventh position, while the UK and Brazil were at the eighth and ninth positions, respectively, according to the research published in the journal PLoS ONE. Through the survey, the researchers asked the experts to consider major types of crime in the virtual world and nominate countries that they thought contributed significantly to each of them. The major categories that the researchers identified were - technical products and services suc

A 43-year-old woman loses Rs 86000 while trying to book IPL match tickets

A Bengaluru woman got scammed when she tried to book an online IPL match ticket. She lost Rs 86000 in the process and registered her complaint to the police

Handling complaints costs RBI Rs 144 cr: Here's state-wise breakdown

The total cost of handling complaints across ORBIO's offices in India, including those in Ahmedabad and Raipur, amounted to Rs 143.56 crore

Combating online frauds: All you need to know about 'Chakshu' and 'DIP'

Minister Ashwini Vaishnaw introduced two new initiatives, Digital Intelligence Platform and Chakshu, as measures to tackle cybercrimes

DoT's new CHAKSU portal to allow citizens to report fraudulent calls

A new Digital Intelligence Portal will help banks, agencies and telecom operators to share data on suspected fraud

As online frauds rise, all you need to know about Pig Butchering Scam

The term "pig butchering" refers to the process of fattening the victim emotionally before ultimately deceiving them financially

Rs 1.8 cr passed through mule accounts: How you are being duped by this scam

Mule accounts are essentially bank accounts that receive funds from illegal activities and then transfer them elsewhere, acting as a bridge in the laundering process.

Centre to form panel to check rising internet, WhatsApp-based spam calls

The proposal to set up the panel was made in an inter-ministerial meeting on the issue chaired by Consumer Affairs Secretary Rohit Kumar Singh on Thursday, the Consumers Affairs Department said

Govt blocks 1.4 lakh mobile numbers linked to digital financial frauds

To control digital frauds, the government has blocked 1.4 lakh mobile numbers so far that were involved in financial frauds, according to an official release. Financial Services Secretary Vivek Joshi on Friday chaired a meeting on cyber security in the financial services sector in which various issues including onboarding of banks and financial institutions on the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) platform through API integration were discussed. Integration of CFCFRMS platform with the National Cybercrime Reporting Portal (NCRP) to centralise the platform that will enable effective collaboration between Police, Banks, and Financial Institutions, allowing for real-time monitoring and prevention of fraudulent activities was deliberated, an official release said. The banks and financial institutions are required to phase out the use of regular 10-digit numbers and use specific number series such as '140xxx' for commercial or promotional activities

RBI urges public to be cautious of fraud in the name of KYC update

The regulator asked customers to lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through the cybercrime helpline (1930) in case of financial cyber frauds

Over 20K people in Kerala lost Rs 201 cr to online frauds in 2023: Police

Highlighting the menace posed by online financial frauds, Kerala Police has said that last year alone it resulted in a total loss of around Rs 201 crore to 23,753 people in the state. Police said that its Cyber Wing was able to recover 20 per cent of this amount and also blocked 5,107 bank accounts, 3,289 mobile numbers, 239 social media accounts and 945 websites that were used to commit the frauds. In a release issued by the State Police Media Centre, the police urged people to report online financial frauds within two hours of the incident to 1930 number. This would increase the chances of recovering the amount lost by the victim of the fraud, it said. "Delay in making complaints is a major problem faced by Kerala Police. If the information is reported to the cyber helpline number 1930 within two hours of the loss of money, the chances of recovering the money are very high. "But often the police receive complaints after 10 days of depositing the money. This gives the fraudsters .

To cut a web of frauds, India needs to strengthen security systems

Job scams, Ponzi schemes, blackmail are increasing: Here is what can be done to protect people

India's battle against scam epidemic: Govt, telcos tackle rising frauds

In this part of the year-end series, we unravel the web of tele-frauds and spams

Digital money heist: What's behind surge in online payment fraud?

More than 47 per cent of all cybercrime is linked to UPI payments, making it the most common form of financial fraud, says a report by FCRF

Hackers stole about $1.7 billion this year from crypto projects: Report

Infrastructure attacks - such as private-key theft that gives hackers access to a crypto project's servers to steal funds or manipulate trades - contributed to nearly 60% of the total stolen this year

Fraudsters swiped millions of dollars by faking product refunds: Amazon

The lawsuit lists more than a dozen transactions from June 2022 to May 2023 as leading to fraudulent refunds. Items purchased include gaming consoles, smartphones, laptops