Thursday, Jan 27, 2022
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Financial Fraud

50% Banks Run Risk Assessment Yearly; Spike In Banking Frauds Post-Covid: Deloitte Report 

50% Banks Run Risk Assessment Yearly; Spike In Banking Frauds Post-Covid: Deloitte Report 

19 January 2022

With an increase in online banking activities post-Covid, there has been a spike in banking frauds, but due to lack of adequate skills and setup, only 50 per cent of banks run risk assessments yearly.

Over Rs 13,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi

Over Rs 13,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi

12 January 2022

Finance Minister Nirmala Sitharaman on Monday said that banks have recovered ₹ 13,109.17 crores from the asset sale of fugitives like Vijay Mallya, Nirav...


Delhi Police Arrests Wanted Conman From Pune For Duping People Of Rs 2.5 crore

During the course of investigation, eight fraudsters who were running the racket were identified. They targeted people in Delhi, Maharashtra, Andhra Pradesh...

Banking Frauds Using Communication Devices Rose By More Than 65% Post Covid

Banking Frauds Using Communication Devices Rose By More Than 65% Post Covid

13 January 2022

Recent NCRB data shows that there has been an alarming rise in online financial frauds in 2020. Digital fatigue due to the long usage of devices, working from...


Online Banking Frauds Doubled Post-Covid, Hyderabad Records Highest Jump

Covid-19 has compelled people across generations to start using online modes of transactions, but with the growing use of apps for transactions and other...

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18 January 2022
SBI Cautions Its Customers On Fraudulent Customer Care Numbers

SBI Cautions Its Customers On Fraudulent Customer Care Numbers

SBI makes an advisory to its people on Fraudulent Customer care numbers to protect them from such frauds. Customers have been advised not to share any personal...


18 January 2022
SBI Cautions Its Customers On Fraudulent Customer Care Numbers

SBI Cautions Its Customers On Fraudulent Customer Care Numbers

SBI makes an advisory to its people on Fraudulent Customer care numbers to protect them from such frauds. Customers have been advised not to share any personal...


04 November 2021
Rahul Dravid Cheated: Enforcement Directorate Impounds Assets Of Wealth Management Firm - Report

Rahul Dravid Cheated: Enforcement Directorate Impounds Assets Of Wealth Management Firm - Report

Rahul Dravid, in his complaint against a Bengaluru-based firm, claimed that he had been cheated of INR 4 crore.


02 November 2021
Former FIFA Officials Sepp Blatter, Michel Platini Indicted For Fraud In Switzerland

Former FIFA Officials Sepp Blatter, Michel Platini Indicted For Fraud In Switzerland

The 85-year-old Blatter and 65-year-old Platini now face a trial within months at federal criminal court in Bellinzona.


19 October 2021
US Court Rejects Nirav Modi's Plea For Dismissal Of Fraud Allegations

US Court Rejects Nirav Modi's Plea For Dismissal Of Fraud Allegations

The allegations were made by Richard Levin, the court appointed trustee of three US corporations, indirectly owned by Nirav Modi previously.


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Opinion

50% Banks Run Risk Assessment Yearly; Spike In Banking Frauds Post-Covid: Deloitte Report 

50% Banks Run Risk Assessment Yearly; Spike In Banking Frauds Post-Covid: Deloitte Report 

With an increase in online banking activities post-Covid, there has been a spike in banking frauds, but due to lack of adequate skills and setup, only 50 per cent of banks run risk assessments yearly.

19 January 2022
Over Rs 13,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi

Over Rs 13,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi

Finance Minister Nirmala Sitharaman on Monday said that banks have recovered ₹ 13,109.17 crores from the asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

12 January 2022
Delhi Police Arrests Wanted Conman From Pune For Duping People Of Rs 2.5 crore

Delhi Police Arrests Wanted Conman From Pune For Duping People Of Rs 2.5 crore

During the course of investigation, eight fraudsters who were running the racket were identified. They targeted people in Delhi, Maharashtra, Andhra Pradesh and Madhya Pradesh.

12 January 2022
Banking Frauds Using Communication Devices Rose By More Than 65% Post Covid

Banking Frauds Using Communication Devices Rose By More Than 65% Post Covid

Recent NCRB data shows that there has been an alarming rise in online financial frauds in 2020. Digital fatigue due to the long usage of devices, working from home are some of the major reasons behind this rise.

13 January 2022
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