Some ex-MLAs from Punjab, too, had received similar threats from these numbers. The callers spoke to them in Mumbai accent and in Punjabi, the IGP said.
'What the RBI is doing is trying to catch the mouse when they have to catch the tiger.'
Don't reveal any information to strangers.
These directions on enhancing security of card transactions will come into effect from March 16, 2020, as per the RBI notification.
Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
Maharashtra recorded the highest number of cases in the country under the Indian Penal Code (IPC) in 2021 at 3,67,218, while Mumbai was placed second among major metropolitan cities in registration of criminal offences, according to a National Crime Records Bureau (NCRB) report.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
Axis Bank recently informed the Reserve Bank of India that it had experienced a cyber attack, while the State Bank of India said it was re-issuing over 600,000 debit cards because of a potential security breach.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
Useful tips to protect users of credit and debit cards from being target of frauds.
Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.
In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. That was when the RBI consolidated the rules for prepaid payment instruments (PPI), popularly understood as e-wallets or gift cards. In the process, the regulator has fast-forwarded a bottom-up card usage industry in India that is completely different from the world of bank-linked credit and debit cards.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
Now that you have already downloaded mobile wallets and all set to go cashless/digital with your payments to the local grocer, cabbie, maid, etc, here's what you must watch out for, says Tripti Rai.
RBI has cited at least 10 areas where it has no control over PSBs.
Cheque payments will be safer; the limit for contactless card transactions hiked.
So how does one be safe? Here are some basic guidelines -- dos and don'ts -- to help you be secure when using a card.
Contactless card transactions can be up to three times faster than cash payments
Contactless card transactions can be up to three times faster than cash payments
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.
Currently the currency in stock is about Rs 2 lakh crore and the reserves are adequate to meet any unusual spurt in demand
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
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.
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