The first thing cardholders should do after spotting a suspicious charge is block the card.
Customers will qualify for compensation even if they mistakenly share the OTP.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.
The police arrested a self-styled godman and seven of his associates in Pune for allegedly sexually assaulting, physically torturing and financially exploiting a woman over several years under the guise of possessing divine powers, officials said on Thursday.
A 78-year-old woman in Mumbai was defrauded of over 25 lakh after a scammer gained access to her mobile phone under the guise of updating her electricity bill details.
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.
The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
Made in India: A Titan Story chronicles the history of the homegrown watch brand Titan, highlighting its journey from challenging a conservative market to becoming a successful consumer brand, driven by the vision of Xerxes Desai and the mentorship of J R D Tata.
A 29-year-old man died after allegedly setting himself on fire outside his wife's residence in northwest Delhi. The incident occurred after his wife left him due to domestic violence and allegations that he misrepresented himself as an Indian Forest Service officer.
The Jammu and Kashmir Anti-Corruption Bureau has registered a case against a former tehsil supply officer and others for alleged misappropriation of government ration and funds in the Reasi district.
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by MMTC, challenging the settlement scheme between National Spot Exchange Ltd (NSEL) and its traders, affirming the earlier approval by the NCLT and the Supreme Court.
A 49-year-old man has been arrested in Bengaluru for allegedly selling IPL match tickets illegally at inflated prices outside the M Chinnaswamy Stadium.
Delhi Police busted an organised racket involved in manufacturing and distributing spurious antacid powder and counterfeit coffee products in east Delhi's Madhu Vihar area, arresting four individuals and seizing goods worth approximately Rs 20 lakh.
A 37-year-old self-styled godman was arrested in Mumbai for allegedly cheating several people by claiming to possess divine powers and performing 'aghori' rituals.
The Indian government has extended the deadline for implementing SIM-binding rules for mobile messaging apps like WhatsApp and Telegram to December 31, following requests from the industry. The Department of Telecom has also relaxed the mandatory six-hour log-out rule for web versions of these apps.
'Many policyholders do not understand that non-medical expenses, cosmetic treatments, and certain other procedures are not covered by health insurance policies.'
The Delhi government has cancelled over 45,000 ration cards and is considering using artificial intelligence to identify ineligible beneficiaries in its public distribution system.
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).
Risk assessment platforms are increasingly using diverse data sources to help lenders identify groups attempting to access credit from regulated entities and to improve the process of evaluating new-to-credit (NTC) users.
Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday.
India launches AI-driven SPEEED platform to track athlete performance, predict injuries, tackle age fraud and revolutionise sports science nationwide.
The relation between a regulator and its regulated entities is collaborative and not adversarial with the common objective of maintaining the stability and credibility of the financial system. However, the action on regulated entities like penalties and business restrictions are the last resort, Reserve Bank of India (RBI)'s governor Sanjay Malhotra said on Friday.
The government on Wednesday withdrew the order mandating pre-installation of cyber security app Sanchar Saathi on smartphones by manufacturers.
The missive has, however, polarised stakeholders, with mobile operators under COAI coming out in its support, while digital platforms under the aegis of Broadband India Forum expressing "serious concerns" around overreach and calling for a pause in implementation of timelines.
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
The high court said yoga guru Ramdev's Patanjali needs to consider using any other word in its advertisements and while comparison between his product and that of others is allowed, disparaging other products is not permitted.
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
The Indian government has directed app-based communication services like WhatsApp and Telegram to ensure continuous linkage to a user's active SIM card to combat cyber fraud. Non-compliance will result in penalties under the Telecommunications Act, 2023.
Bajaj Finserv - the holding company of Bajaj group's financial services business - has laid out plans for the next five years. During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR) in net profit at Rs 21,000-24,000 crore on a consolidated basis.
A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...
Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.
'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
