Digital fraud News

Recent data from the National Cybercrime Reporting Portal revealed a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily (between January and April 2024). 

Generative AI reshapes industries by automating tasks and creating new roles, raising concerns about job loss. Social media data leaks highlight the need for stronger regulations and privacy measures. 

SBI is ramping up its efforts to protect the hard-earned money of its customers. The number of banking frauds has shot up in India. Fraudsters are deploying newer modus operands to loot the bank accounts of innocuous customers.

More than 80,000 UPI-related frauds are reported in a month in India, according to media reports. 

The victim's father had deposited around Rs 18 lakh into her bank account after his retirement. Out of this, the woman had spent Rs 1 lakh for personal reasons, which she wanted to replenish. Therefore, she decided to take a loan of that amount.

He allegedly lost Rs 89,000 while ordering food online from a famous restaurant. The incident took place in September 2021. The advertisement in question was for a famous restaurant in the city.

He cited a recent incident of cyber fraud in his email. He also pointed out how customers can safeguard against these frauds. He advised customers not to share any financial or personal information.

Hackers are misusing our personal and financial information to loot money. They steal crucial information such as passwords and personal information to conduct the loot. Losing money in such frauds is quite frustrating as there seems to be no way out.

Card cloning is the most common concern when it comes to debit or credit card fraud, with 1 in 3 seeing this as the biggest risk.