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Financial Fraud

private sector banks reported maximum number of frauds, public sector banks contributed maximum to t

Kingpin Of Interstate ATM Robbers Gang Nabbed

According to the police, the accused Sakki, resident of Salaka village, was wanted by police of four states including Haryana and Rajasthan and faced about a dozen cases of robbery, attempt to murder, under the Arms Act and...

18 September 2022

74% Indians Never Recovered Money Lost In Financial Frauds, Unsafe Practices To Blame

Many still don’t follow safe financial transaction processes, and either store sensitive banking information on mobiles, laptops, or share them with close family and even staff, leaving them vulnerable to fraud. Only 1 in...


Is Open Banking The Solution For Rising Payment Frauds?

Is Open Banking The Solution For Rising Payment Frauds?

Researchers at the UK-based Finextra Research decode whether open banking can be a solution to payment frauds globally.


Gangs of Wasseypur fame Zeishan Quadri

Zeishan Quadri Breaks His Silence On Allegations Of Cheating And Death Threats

‘Gangs Of Wasseypur’ fame Zeishan Quadri speaks up about the recent controversy where he has been accused of fraud.

03 September 2022

Why Payment Systems Should Have Both Security And Convenience As Financial Frauds Rise?

Why Payment Systems Should Have Both Security And Convenience As Financial Frauds Rise?

Britain’s Finextra Research has said that fraudsters would keep looking for ways to rob consumers’ money in the light of higher inflation; hence, payment systems should be robust.


Congress workers protesting against ED, CBI  in New Delhi

Enforcement Directorate: The Rise And Rise Of 'ED Sarkar'

Founded in 1956 to keep tabs on foreign exchange-related offences, crackdowns on money laundering cases by the ED, which functions under the aegis of the Union Finance Ministry, have picked up pace since 2019.

27 July 2022

Bank of Baroda Launches Tiranga Fixed Deposit Scheme; More Benefits For Senior Citizens

Bank of Baroda Launches Tiranga Fixed Deposit Scheme; More Benefits For Senior Citizens

The Bank of Baroda’s (BoB) limited-time fixed deposit (FD) scheme offers a higher interest rate and a paperless opening process through the BoB World Android and iOS app

23 August 2022

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Four Get Away With Rs 6 Lakh After Striking ATM In Delhi's Mitraun Village

A case under Indian Penal Code (IPC) sections 457 (lurking house-trespass or house-breaking by night in order to commit offence punishable with imprisonment), 380 (theft in dwelling house, etc.) and 34 (common intention) has...

22 July 2022

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08 July 2022
All You Need To Know About Crimes In Metaverse World

All You Need To Know About Crimes In Metaverse World

Metaverse has tried to change the real world, but this has also led to increased crimes in recent times.


05 July 2022
SBI General Insurance Comes Out With New Cyber Insurance Policy

SBI General Insurance Comes Out With New Cyber Insurance Policy

SBI General Life Insurance has come out with a comprehensive cyber insurance policy for individuals that provides protection against financial losses caused by...


01 July 2022
Indian Origin Man Arrested For Investment Fraud Amounting to USD 45 Million

Indian Origin Man Arrested For Investment Fraud Amounting to USD 45 Million

A 50 year old Indian Origin man has been arrested in connection to an investment scheme which defrauded over 10,000 victims.


27 June 2022
CoinEgg Crypto Scam Steals Victims’ Data, Total Losses Pegged At Rs 1,000 Crore

CoinEgg Crypto Scam Steals Victims’ Data, Total Losses Pegged At Rs 1,000 Crore

CloudSEK, a cybersecurity company, has revealed a huge cryptocurrency fraud, with losses to investors and traders estimated at Rs 1,000 crore.


26 June 2022
Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

The accused, identified as Manisha Ahirwal, was arrested from a fake call centre running in a rented accommodation at Rohini Sector 8, they said. 


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26 June 2022
3 Income Tax Employees Siphoned Off Crores Through Fictitious TDS Refunds; CBI Probes

3 Income Tax Employees Siphoned Off Crores Through Fictitious TDS Refunds; CBI Probes

Following the FIR, the agency had carried out searches at multiple locations, they said. The Central Bureau of Investigation (CBI) has named three I-T...


07 June 2022
Cricketer Naman Ojha's Father Arrested In Fund Embezzlement Case

Cricketer Naman Ojha's Father Arrested In Fund Embezzlement Case

After arrest, VK Ojha was on Monday produced before a local court which sent in him the police custody for one day.


28 May 2022
Boney Kapoor's Credit Card Used For Fradulent Transactions

Boney Kapoor's Credit Card Used For Fradulent Transactions

The total amount of these transactions is nearly four lakh rupees. A case has been registered with the Amboli police station.


23 May 2022
Govt Alerts About Fake SMS Fraud Targeting SBI Customers; Know What To Do If You Are A Victim

Govt Alerts About Fake SMS Fraud Targeting SBI Customers; Know What To Do If You Are A Victim

There has been a smishing/phishing/cyber hacking attempt targeting SBI’s customers. Read below to find out how to report such a crime if you have fallen prey.


20 May 2022
Hackers, Fraudulent Customers Steal Rs 7.38 Crore From Payment Gateway Firm Razorpay

Hackers, Fraudulent Customers Steal Rs 7.38 Crore From Payment Gateway Firm Razorpay

Following the communication from Fiserv, Razorpay conducted an internal investigation and found out 831 transactions against 16 unique merchants of Razorpay,...


13 May 2022
Maha: Firm Owner Arrested For GST Fraud Of Rs 8 Crore

Maha: Firm Owner Arrested For GST Fraud Of Rs 8 Crore

Acting on a specific input, the anti-evasion wing of the CGST Thane Commissionerate initiated an investigation against J.J. Lime Depot, which deals in trading...


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12 May 2022
Maharashtra: Six Booked For Duping Man Of Rs 1.28 Crore

Maharashtra: Six Booked For Duping Man Of Rs 1.28 Crore

The victim kept paying money to the accused since 2013 without any returns, said the police.


30 April 2022
Man And Son Held For Duping Woman Of Rs 35 Lakh In Delhi

Man And Son Held For Duping Woman Of Rs 35 Lakh In Delhi

The accused has been identified as Meghraj Singh and his son Gaurav Milind (23), residents of Kondli in Mayur Vihar Phase-III here, they said. Milind also has...


30 April 2022
How Fintech Companies Are Using AI, Machine Learning To Create Alternate Lending Score

How Fintech Companies Are Using AI, Machine Learning To Create Alternate Lending Score

AI and ML can help lending enterprises identify, sort, and make accurate decisions based on multiple data points to faster process KYC, arrive at credit score,...


28 April 2022
SEBI Imposes Rs 29 Cr Fine On 9 Entities For Misutilisation Of Clients' Funds And Securities

SEBI Imposes Rs 29 Cr Fine On 9 Entities For Misutilisation Of Clients' Funds And Securities

SEBI, which conducted an investigation in the matter for April, 2011 to March, 2017, found that two stock brokers were involved in gross misconduct and...


05 April 2022
5 Ways To Avoid Being A Victim Of General Insurance Fraud

5 Ways To Avoid Being A Victim Of General Insurance Fraud

Be aware, be cautious and stay safe. With more accessibility, general insurance fraud is increasing. So, follow these five ways to stay protected from general...


01 March 2022
83% Indian Financial Organisations Say AI Enhances Customer Experience, Finds Study

83% Indian Financial Organisations Say AI Enhances Customer Experience, Finds Study

With growing dependency on digital transactions due to the outbreak of Covid, Indian financial organizations are using artificial intelligence to enhance...


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