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Delhi police bust three high-value cyber fraud networks; 3 held

The Delhi police busted three multi-state cyber fraud networks involved in high-value online investment scams, fake trading applications and KYC-based deception, an official said on Wednesday.......

Bank Frauds Creep Back, RBI Sounds Alarm

Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore. Kindly note that this......

Al Falah University chancellor's brother arrested in fraud Case

The brother of the chancellor of Al Falah University, linked to the Delhi blast probe, has been arrested by the Madhya Pradesh police from Hyderabad in connection with nearly 25-year-old fraud......

Dr Reddy's Laboratories loses Rs 2.16 cr in cyber fraud

The Bengaluru police have launched a probe into a cyber fraud case where hackers allegedly infiltrated the official email communication between Bengaluru-based Group Pharmaceuticals and Dr Reddy's......

FinMin Pushes RBI for Faster Fraud Shield

By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions. Illustration: Dominic Xavier/Rediff The finance ministry has raised concerns with the......

Indian Digital Payment Intelligence Corporation To Combat Fraud

It will enable real-time intel sharing among banks and other financial sector participants to strengthen customer protection against digital fraud. Illustration: Dominic Xavier/Rediff Similar......

Fraud Bleeds Insurers Of Rs 10,000 Crore A Year

These losses increase insurance premiums for customers and reduce insurer margins on the other. Illustration: Dominic Xavier/Rediff The insurance industry has been witnessing Rs 8,000 crore to......

Fraud Spike: SBI Bears the Brunt

Card and Internet banking frauds formed 56.5% of all cases in FY25. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Small-ticket......

Lenders tap alternative data as next frontier in credit fraud fight

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......

Bank fraud case: SC issues notice to CBI on Kapil Wadhawan bail plea

The Supreme Court on Monday sought response from the CBI on a bail plea filed by former DHFL promoter Kapil Wadhawan in an alleged Rs 34,926 crore bank fraud case. Photograph: Francis......

How new law will counter age fraud in Indian sports

The revised code requires all aspiring as well as registered athletes to submit three mandatory documents for age verification. IMAGE: In 2018, the All India Football Federation imposed a......

NBA stars among dozens arrested in illegal gambling probe

IMAGE: Terry Rozier, a guard with the Miami Heat, was one of several National Basketball Association insiders who allegedly provided non-public information about upcoming games to their criminal......