A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
The Reserve Bank of India (RBI) on Wednesday released draft guidelines for streamlining the onboarding and monitoring of Aadhaar Enabled Payment System (AePS) operators to counter frauds perpetuated through the ecosystem. Banks and the National Payments Corporation of India (NPCI) are required to comply with these directions within three months from the date of issue of the guidelines.
He said the Aadhaar programme violated informational privacy, self-determination and data protection.
Following the 'dog babu' incident, another canine application for a residence certificate has surfaced in Nawada, Bihar. An FIR has been registered for the attempt.
The order also highlights further disparities, citing examples of Denmark and Sweden restricting mail-in voting to those unable to vote in person and rejecting late-arriving ballots regardless of postmark, while many US states have embraced widespread mail-in voting, with some accepting ballots without postmarks or those arriving well after Election Day.
A bench of Justices Surya Kant and Joymalya Bagchi is likely to take up the matter in which the EC has justified its ongoing SIR of electoral rolls in Bihar, saying it adds to the purity of the election by "weeding out ineligible persons" from the electoral rolls.
The Central Bureau of Investigation has arrested a man for allegedly altering Aadhaar card details to withdraw Provident Funds of unsuspecting persons through online claims, officials said on Monday.
'The protection of secrecy and anonymity gets lost with this linking.'
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
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.
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
Three men in Aligarh, Uttar Pradesh, received income tax notices demanding crores of rupees despite earning meager salaries, highlighting the growing issue of identity theft in India. The victims, who earn between Rs 8,500 and Rs 15,000 per month, were shocked to receive notices for Rs 33.88 crore, Rs 3.87 crore, and Rs 7.79 crore respectively. The authorities believe that businesses have been conducting large-scale transactions using forged Aadhaar and PAN cards in the names of these individuals.
Some of the celebrities whose names and details were used by the fraudsters are Abhishek Bachchan, Shilpa Shetty, Madhuri Dixit, Emraan Hashmi and Mahendra Singh Dhoni, Deputy Commissioner of Police (DCP) of Shahadra Rohit Meena said.
A 39-year-old software engineer in Bengaluru lost Rs 11.8 crore to fraudsters who impersonated police officials and claimed his Aadhaar card was being misused for money laundering. The victim was threatened with "digital arrest" and tricked into transferring money to various bank accounts over a period of time, believing his family would be arrested if he didn't comply. The fraud occurred between November 25 and December 12, and police have registered a case under the IT Act and relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating and cheating by impersonation. Further investigation is underway.
'First sold to us as a voluntary scheme for government subsidies, Aadhaar has since sprouted multiple heads and tails, horns, fangs, warts, and a nasty case of halitosis.' 'It is unacceptably intrusive, our data is hilariously unsafe, and fraud, corruption, and criminality is rampant,' says Mitali Saran.
What is digital house arrest? It is a tactic cybercriminals use to confine victims to their homes and scam them, explains Tamal Bandyopadhyay.
Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
'We want maximum voting and a healthy system. People from the whole world appreciate our system'
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
The attorney general told the apex court that the invasion of privacy was very minimal in Aadhaar and it may not even be considered as an invasion.
This is likely to put a brake on the fast pace at which Aadhaar cards have been issued so far to more than 400 million people.
The Supreme Court has dismissed a batch of pleas seeking review of its 2018 verdict upholding the Centre's flagship Aadhaar scheme as constitutionally valid but striking down some of its provisions, including its linking with bank accounts, mobile phones and school admissions.
It will provide an effective method to prevent identity fraud, the MHA said.
'The striking down of the use of Aadhaar by private companies implicitly calls for the deletion or erasure of all personal data vested in the servers of the private service providers.'
The UIDAI said that the claims lack substance and are baseless.
The UIDAI said it is "contemplating a legal action" against ZDNet, on the issue.
Jaitley said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding
Not only is your privacy stripped stark naked, says Mitali Saran, the system itself is illegal and vulnerable.
The family was struck off from government welfare rolls for not linking their ration card with Aadhaar.
Sibal said the party will certainly move the court if amendments in the Aadhaar Act to be brought after this verdict are not brought in Rajya Sabha for discussion.
...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.
'By taking fingerprints, iris scans and other details of citizens, the State is becoming the custodian of its people.' 'The State can use this data according to its whims and fancies, which is not good in a democracy.' 'When the State looks at all the activities of its citizens, it becomes a police State.'
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The apex court's five-judge Constitution bench headed by Chief Justice Dipak Misra said Aadhaar is meant to help benefits reach the marginalised sections of the society and takes into account the dignity of people not only from personal but also from community point of view.
The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.
Digital house arrest is a tactic where cybercriminals confine victims to their homes in order to scam them. The offenders generate fear by making audio or video calls, frequently posing as law enforcement officers using AI-generated voices or video technology.
The Supreme Court on Wednesday put a poser as to why there was no objection from lawmakers on the government's decision to make Aadhaar mandatory for making PAN cards, a move which was given effect by the latest budget from July 1.
Last-mile verification with Aadhaar-Based Biometric Authentication have the worst record among other options available to check PDS pilferage. So the Centre's insistence on that option is bewildering, says Reetika Khera.
