Can call centre thefts end India's flourishing BPO business? Do such deeds give India a bad name? Tell us what you think.
Business scams are becoming more sophisticated, and scammers are increasingly going after small businesses. Here are tips on how to avoid becoming a victim.
Karan Bahree, an employee of the Gurgaon-based call centre in the middle of a scam involving leakage of credit card information
Abdul Samad Mohamed Raik was convicted for cloning more than 500 credit cards to steal 175,000 in a fraud allegedly driven by links to a Sri Lankan guerilla group.
The Federal Trade Commission said the defendants used phony debt collection calls from India and bogus claims that they would reduce consumers' credit card interest rates to bilk consumers.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
Phishing is an attempt by fraudsters to 'fish' for your banking details. A phishing attempt usually is in the form of an e-mail that appears to be from your bank. The e-mail usually encourages you to click a link in it that takes you to a fraudulent log-on page designed to capture your details.
Use a "virtual credit card" for every online transaction when you can't pay cash on delivery.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
Hackers use their best schemes during holidays to steal people's money, credit card or net-banking information.
Podcasting and RSS feeds may be the latest craze in high-tech circles but the general public is largely unfamiliar with the Internet terms.
For a little over two weeks, a group called 'Guardians of Peace' released a new bit of leaked information about Sony almost every day.
A study has revealed that Facebook users are more likely to fall for social media scams.
An industry of scamsters is operating in the guise of call centres in India.
'Every Indian citizen is already exposed to massive digital surveillance and most are already vulnerable to data theft and cyber-impersonation as well,' points out Devangshu Datta.
'Maybe the State wants to be watching people all the time. But when they are watching, others too may be watching!' 'The State is becoming more and more secretive while throwing people to the wolves.'
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
The buyer is well within his right to ask for a penalty clause in the agreement.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Experts foresee possible scenarios: A BRS government with less majority, a BRS government with BJP and AIMIM support, or a Congress government.
Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
Indian companies lost around $53 million (about Rs 328 crore) due to phishing scams with the country facing over 3,750 attacks in July-September this year, making it the fourth most attacked nation globally.
Deepa Gahlot lists 10 gangster thrillers on OTT for those who have the stomach for gaalis and gore.
When you talk about finances, you need to have a goal to invest.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
This is the time of year to be most on guard against a host of scams, new and old.
The Indian-American community in the New York-New Jersey-Connecticut tristate area is being targeted by telephone fraudsters.
A 16-year-old Singaporean boy, a Protestant Christian of Indian ethnicity, was detained last month under the Internal Security Act (ISA) after planning to use a machete to attack Muslims at two mosques in March, on the anniversary of New Zealand's Christchurch attacks.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'Every man in the hot seat needs trusted cops to grind their axe with political opponents.' 'And that's what explains Waze's importance; him investigating the fake TRP scandal, his arrest of TV journalist Arnab Goswami, and heading the investigation into the Antilia bomb scare case.'
For 70 years the country has been looted, give me 70 months I will clean it up, he said.
Phony NFL merchandise and tickets worth $21.6 million have been seized and 50 people arrested in a crackdown on counterfeiting ahead of this weekend's Super Bowl, U.S. law enforcement officials said on Thursday.
Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large, says TT Ram Mohan.
The two states account for 24% of total accounts opened under financial inclusion scheme.
The RBI view comes within a fortnight of the sectoral regulator FMC in a report stating that the promoter Shah and promoter company Financial Technologies are not eligible to run the crippled exchange, an order challenged by the group in the Bombay High Court.
