While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.
As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
Obscenity, cheating and sexual exploitation are India's leading cyber crimes, reports Chaitanya Mallapur.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
The rupee had lost more than 8 per cent since the first week of May, after the US Fed indicated it may start scaling back its monetary stimulus programme later this year.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
Currently the currency in stock is about Rs 2 lakh crore and the reserves are adequate to meet any unusual spurt in demand
Tamal Bandyopadhyay details HDFC Bank's digital journey.
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
In an attempt to acquire consumers, banks have been providing a lot of technology-enabled services, which used to be offered free.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
A well-executed film with good performances, Sigaram Thodu is definitely worth watching.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.
Besides the young techies and nerds who indulge in hacking for fun and as a challenge to break into important and tightly secured sites, crime syndicates are on the prowl to steal passwords, account details and personal information to indulge in illegal money transfers, ATM withdrawals and other damaging activities.
G V L Rao, part of Save India Democracy which exposed the frauds being committed through EVMs, told rediff.com that the bigger issue was that the government dragged its feet on sanctioning funds for the introduction of VVPAT despite the Supreme Court passing its order a year ago.
These trips can be as short as a month to 45 days.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
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