While making online purchases, the cardholder will have to use this second verification apart from the card verification value number, which is the main saftey parameter used presently. As per the RBI guidelines, customers will have to register their cards from tomorrow onwards with the respective merchants--Visa or Master Card and create a security password.
57% of the respondents indicated that their organisations did not conduct independent fraud risk assessment
The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.
Maharashtra and West Bengal lead the way in bank fraud.
CBI officer V K Shukla, who is probing the death of Jharkhand Judge Uttam Anand, is among 15 officers of the agency awarded the 'Union Home Minister's Medal for Excellence in Investigation' for the year 2021, officials said Thursday.
Be cautious when purchasing from little-known Web sites.
The GST intelligence unit detected tax evasion of more than Rs 1.98 lakh crore last year and arrested 140 masterminds who were involved in defrauding the exchequer, the finance ministry said on Thursday. In 2023, the Directorate General of GST Intelligence (DGGI) detected significant GST evasion in diverse sectors like online gaming, casinos, insurance and secondment (import of manpower services). "DGGI has achieved an increase in detection of cases of evasion and voluntary payments. In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs 1,98,324 crore with a voluntary payment of Rs 28,362 crore.
rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.
This was reflected in India Inc's lackadaisical attitude towards sensitising employees on fraud prevention.
Protect yourself and minimise such frauds by following these simple rules
It's best to avoid deals that sound too good to be true.
What is phishing and how does it threaten your online identity? Find out!
'With free software on the Internet and apps, creating a deepfake video can take 3 to 5 minutes. Anyone can make these videos.'
A federal grand jury in Omaha, Nebraska, has indicted three Indians on charges of hacking into online brokerage accounts of others using stolen usernames and passwords for making big time profit.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
Cardholders must ensure their debit cards are used in their presence.
...and say bye to the humanities-science divide, says Ajit Balakrishnan.
Two Indian-origin men are among six people jailed over a multi-million-pound cyber racket that involved the design, production and sale of fake identities and the management of online forums where clients were coached on how to commit fraud. The six sentenced on Friday at the Southwark Crown Court for a catalogue of fraud offences include Jaipal Singh, 31, who is a director of a telecom company based in the West Midlands, and student Arun Thear, 22.
Stories of friendship, former life and fights against the system dominate the OTT this week. Sukanya Verma lists her recommendations.
The new provisions include greater emphasis on digital signatures, new security practices and procedures for e-governance and other technology applications.
The Central Bureau of Investigation has arrested a man for allegedly altering Aadhaar card details to withdraw Provident Funds of unsuspecting persons through online claims, officials said on Monday.
Gullible bank customers are getting fooled by callers who scare or lure them.
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
SFIO, the investigation arm of the Corporate Affairs Ministry, has been ordered to probe alleged fraud in 83 companies in the last four years, Parliament was informed on Thursday.
With incidents of data pilferage threatening India's image as an outsourcing destination, the government on Monday approved amendments in the IT Act, 2000 to check information theft and online frauds.\n\n
A new PwC report, '2010 Internal Audit State of the Productivity of the Profession Survey', said about 48 per cent of Indian companies lack skill and knowledge of data tools used in internal audit softwares, while 18 per cent have no access to these tools.
Beware of e-mails from shopping websites offering free goods
An Islamic State manual for preparing, funding and carrying out terror attacks in the West is being shared on jihadist forums on the internet
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Fighting fake brand peddlers. How the complex web of counterfeit goods threatens to trip e-commerce giants in the country.
'The district administration failed and it was a very costly failure.'
'There is an eminently fertile ground that perpetrators must be finding in our society.'
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
The new web form would facilitate on-screen filing and real time data validation for seamless incorporation.
Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
A local court in Lucknow has directed the police to lodge an FIR against ICICI Bank CEO Chanda Kochhar and head of card operations Vinay Valse in connection with allegations of cheating and fraud over online shopping through credit card.
Do not share your passwords or personal information with anyone.
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