'There is much scope for ingenuity and inventiveness, and the stakes are very high.'
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
Here are five things that fraudsters are likely to say or do that should set the alarm bells ringing in your head.
Look carefully at any ad or pop up that tempts or attracts you with freebies and offers etc. It could be a scam, warns Niranjankumar Upadhye.
The auction of personal possessions seized from Ponzi schemer Bernard Madoff's Palm Beach mansion, held during the weekend, generated as much as $500,000, according to the US Marshals Service which conducted the auction.
Probe had uncovered a bid by Ibrahim Kargbo, then a player at Willem II Tilburg, to fix the outcome of a league match against FC Utrecht in August 2009 in co-operation with convicted Singaporean fraudster Wilson Raj Perumal
This was reflected in India Inc's lackadaisical attitude towards sensitising employees on fraud prevention.
One of American's biggest fraudsters, Bernard Madoff was sentenced to 150 years for his massive $65 billion scam.
Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.
'It seems PM Modi is running a bank fraudsters settlement company for the likes of Nirav Modi'
Amjed Ullah Khan, who carried out investigations of his own and helped rescue 15 women from Hyderabad, tells Syed Firdaus Ashraf/Rediff.com how the women get trapped in an underground slave market that 'sells' them to employers who force them to work for less or no pay and often under inhuman conditions.
A fraudster in Britain, known as 'King Con', has claimed to have earned two million pounds by duping people, and boasted of bedding 2,500 women, just days after being released from prison.
The Bill seeks to give Sebi sweeping powers like attachment of properties and launch of recovery proceedings.
From a technocrat turned fraudster Ramalinga Raju's confession to the snub-nosed Nano, 2009 offered some forgettable and many memorable moments in business.
Manjit Singh Rattu, arrested by police in Chandigarh on Thursday and remanded to two days police custody by a local court in a cheque dishonour case, on Friday denied any role in the blasts for which Sarabjit had been sentenced to death in Pakistan.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
The income tax department has advised its officials to shun the practice of sharing or renewing official passwords through internet or telephone after recent incidents of misuse of these secret codes by fraudsters.
Spammers are now devising innovative methods to abuse and cheat online users.
Set to get powers like those enjoyed by a civil court; will be able to attach assets, file winding-up applications.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
As Fahadh Faasil turns 39 on August 8, Subhash K Jha looks back at his favourite films featuring the brilliant actor.
Asserting that the Articles of Impeachment introduced by the House Judiciary Committee are not recognisable under any standard of constitutional theory, interpretation or jurisprudence, Trump said they include no crimes, no misdemeanours and no offenses whatsoever.
In 2007-08, ICICI Bank was accused for violating RBI guidelines relating to opening of deposit accounts.
With industry buckling under the impact of global meltdown, Indian IT outsourcing firms are adopting a 'zero tolerance' policy on fraudsters who have managed to get IT jobs using fake resumes.
Citizens won't have faith in Digital India if their hard-earned money is looted by cyber criminals and cyber fraudsters from banks.
The money mule scam has reached Indian shores. Banks have noticed instances of fraudsters based overseas, posing as global payment companies, luring gullible people into joining them as "money transfer agents" and using their bank accounts to route ill-gotten money.
Cyber crooks have recently been sending millions of fake online greeting cards, hoping that the receivers will click on these links and infect their computers with password-stealing viruses.
Police chase a new breed of criminal--smart, rich and globally savvy.
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 total exposure of top 50 defaulters of PSBs as on December 2015 was Rs 1,21,832 crore.
"I have no problem at all with the knife inside. I can take it out with yoga whenever I want," said Amarendra Nath Ghosh.
Indian BPOs are at the centre of a fresh controversy with an Australian television channel claiming that some of them were illegally selling personal information of tens of thousand Australian customers.
The Reserve Bank of India has asked banks to put in place appropriate systems to check fraudulent withdrawals of Non-Resident Indian deposits.
Beware of e-mails from shopping websites offering free goods
The war between hackers and banks over ATM security will be dynamically redefined, notes Atanu Biswas.
"The impact of Sebi action will be positive for retail investors as they will get greater allocation in IPOs," Prithvi Haldea of Prime Database told PTI.
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone.
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