A 400% increase in payment frauds, cases where 125 young boys are collectively duped out of ₹1 crore, life savings lost to phishing fraud, and credit scores plunging due to fake credit fraud – these are some of the headlines we are unfortunately becoming accustomed to. Cyber fraud is burgeoning into a digital pandemic that … Read more
Losing money to an online scam or fraud is not uncommon anymore. But what has become common sadly is the loss of fortune to the tune of crores to hapless senior citizens. Not too long after two senior citizens collectively lost around ₹3 crore in two separate but similar frauds in Ahmedabad, a new case … Read more
On a fateful day, an 88-year-old retired chartered accountant from Vasana, Ahmedabad Madhukant Patel received a message on WhatsApp from someone who claimed to be Sunil Singhania and was working for one Karanveer Dhillon. Little did he know that one seemingly innocuous message would lead to a set of circumstances that would eventually make him … Read more
Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure. Deputy governor of Reserve Bank of India (RBI) Swaminathan … Read more