About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
The State Consumer Disputes Redressal Commission has directed Bank of India to compensate a senior citizen for losses incurred due to unauthorized ATM transactions, citing deficiency in service and failure to adhere to security protocols.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
Researchers from the data analysis firm Data Genetics have found that the three most popular combinations '1234', '1111', and '0000' -- account for close to 20 per cent of all four-digit passwords.
Cyber threats aren't always invisible -- sometimes they're right beside you.
Delhi Police have arrested three members of a robbery gang who posed as government officials to cheat and rob unsuspecting passengers near the New Delhi railway station.
Kerala Police arrested 165 people and registered 455 cases in a statewide operation targeting cyber financial fraud, confiscating devices and disrupting criminal networks.
Mastercard and Visa are introducing passkeys that will allow users to authenticate card payments with face scans or fingerprints, eliminating the need for one-time passwords (OTPs).
The findings are an early step in understanding security vulnerabilities of wearable devices
Fahadh Faasil reunites with Maamannan co-star Vadivelu for the film Maareesan.
It can if your debit card belongs to a PSU bank
'Oh, this is printed material which is sent to everyone along with the ATM card,' the bank manager told me. 'It won't work because the system has changed.' A Ganesh Nadar encounters the Indian banking system.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
The Hyderabad police has released images of woman who was robbed at an ATM centre in Hyderabad's Yosufguda area.
Refusal to share his mPIN cost the businessman his life.
The war between hackers and banks over ATM security will be dynamically redefined, notes Atanu Biswas.
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
Before inserting your card, always check for any signs of tampering on the ATM machine, warns Aditya Shankar.
Using credit or debit cards abroad can prove costly.
Next time you go to a bank ATM, be ready to re-enter your PIN afresh for every transaction you wish to conduct, such as money withdrawal, balance enquiry and checking account details.
Akhil Goel tells us how he lost a huge sum of money without even initiating any withdrawal transaction.
The number of cyber crimes in India could touch 3,00,000 in 2015
Claims that no customer data was stolen from it.
At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.
The new fee structure would come into effect from July 1.
As part of its 'go-green' initiative, HDFC Bank has started sending PIN, unique code number, for debit card holders through SMS instead of the practice of sending it by post.
A reader shares his unfortunate experience at an ATM.
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
The 35-year-old Gabrial, one among four Romanians accused in the robbery in which a large number of persons lost their money from their accounts, was taken into custody on transit remand from a court in Mumbai.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
It is suspected that the electronic device at the ATM counter enabled the fraudsters to collect the secret pin code and card details.
They had also sought to be allowed to charge consumers for use of own-bank ATMs.
A woman was robbed of her gold jewellery, cellphone and ATM card by an unidentified person after he terrorised.
Bangalore resident Ramesha SG tells us how he left his card at the ATM and lost Rs 26,000.
Rediff reader Shan Anbu, 42, tells us how his card got stuck in the ATM due to lack of backup power facility.
A regional bank in Japan today started operating ATMs for cash withdrawals, deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
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