Do not share your passwords or personal information with anyone.
A US court has sentenced an Indian to 81 months in prison on conspiracy and aggravated identity theft charges arising from an international fraud scheme to "hack" into online brokerage accounts in America and use those accounts to manipulate stock prices.
The Central Bureau of Investigation conducted searches in Delhi and the national capital region (NCR) and busted a fake tech-support call centre that allegedly defrauded US citizens online.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
Banks and brokerage firms have plans to test a small device that would help customers prove their identities while logging on to online banking, brokerage and bill-payment programmes, in an effort to fight Internet fraud.
The online application of such claims would enable EPFO to eventually settle those within three days.
Look carefully at any ad or pop up that tempts or attracts you with freebies and offers etc. It could be a scam, warns Niranjankumar Upadhye.
Rs 2.09 crore (Rs 20.9 million) have been lost by various banks in Tamil Nadu in seven cases reported between April and December 2008. The banks in Rajasthan, Andhra Pradesh and West Bengal have lost Rs 89.93 lakhs (Rs 8.99 million), Rs 64.29 lakhs (Rs 6.42 million) and Rs 35.72 lakhs (Rs 3.57 million) respectively while Kerala and Delhi lost Rs 17.60 (Rs 1.76 million) and Rs 10.90 lakhs (Rs 1.09 million) respectively owing to cyber frauds.
Advisors and agents known to you personally can also sell wrong policies.
A 40-year-old freelance journalist has claimed a person 'hypnotised' him over the phone and duped him of Rs 40,000, but police and experts said this is one of the 'most normal kinds of cyber fraud' and not a case of hypnosis.
Was the decision taken by the Centre on August 5, 2019 to abrogate the provisions of Article 370 of the Constitution, which bestowed a special status on the erstwhile state of Jammu and Kashmir, constitutionally valid? The Supreme Court is scheduled to pronounce its verdict on Monday on a batch of petitions challenging the abrogation of the provisions of Article 370.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
The International Cricket Council was the target of cybercrime involving a wire transfer of a sizeable sum of money, roughly US$ 2.5 million.
Das had claimed that the alleged electoral manipulation by the BJP also appeared to have taken the form of targeted electoral discrimination against Muslims, "partly facilitated by weak monitoring by election observers."
For more than a decade, sockpuppets - some of them being company employees - created 'puffery' around tycoon Gautam Adani, his family and the apples-to-airport group he helmed by adding non-neutral material and removing warnings from information on Wikipedia, the free internet-based encyclopedia has alleged. Adani, a first-generation entrepreneur, has lost over $70 billion in net worth and slipped to 25th rank on the world billionaire index from being Asia's richest and the world's third most wealthy businessman, in less than a month. This followed US short-seller Hindenburg Research accusing the group of accounting fraud, stock price manipulation and money laundering, allegations that the conglomerate has repeatedly denied, and threatened legal action.
It will tackle crimes, including those associated with malware, botnets, intellectual property theft and technology facilitated child exploitation.
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
Airtel CEO Gopal Vittal on Thursday warned about a rise in cyber frauds amid a massive surge in online transactions during the second wave of the pandemic, and asserted the company is working "relentlessly" and coming out with safety features to ensure customers are not vulnerable to fraudsters. In an e-mail outreach to customers, Vittal highlighted the modus operandi being adopted by fraudsters and also drew attention to cyber frauds related to digital payments. "With the growing second wave of the pandemic and lockdowns in various parts of the country, there has been a massive increase in online transactions. "Unfortunately, there has also been a corresponding increase in cyber fraud," Vittal said.
MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year
Here are five things that fraudsters are likely to say or do that should set the alarm bells ringing in your head.
The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token' - thereby enabling more secure transactions.
Before participating in such a scheme, do a detailed background check of the company's credentials, especially if the promised returns are unrealistic.
The government wants a collaborative model with a public-private partnership to fact-check social media content.
Keep sufficient funds in your bank account until the cheque is cleared.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
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.
IIIT-D team builds algorithm that will help identify synthetic images.
Cyber thieves have been using RBI logos to send out mails to cheat customers
Ashoka University co-founders Vineet Gupta and Pranav Gupta, who were booked last week by the Central Bureau of Investigation in a Rs 1,600 crore fraud case, on Thursday stepped down from all boards and committees of the varsity.
There are 7 key rules one can follow to ensure that the chances of such fraud are almost reduced to a negligible level when shopping online, says Anil Rego
The matrimonial sites came under scanner after the arrest of one Liaquat who allegedly cheated more than fifty women into marriage in Chennai in recently. He advertised himself as a UK-based Indian engineer looking for a bride in an online marriage portal.
Google said safety, affordability and expanded use cases for the next wave of users will be the pillars to get the next 700 million users online.
Communicate your every step towards the betterment of their future. If the initial hand-holding will be done right, they will understand and respect your decision of helping them, says Naval Goel.
The Board of Control for Cricket in India has tied up with UK-based company Sportradar, which will offer its "integrity services" to prevent match-fixing, betting and other corrupt practices during the upcoming IPL through its Fraud Detection Services (FDS).
'We want maximum voting and a healthy system. People from the whole world appreciate our system'
This is the time of year to be most on guard against a host of scams, new and old.
News of all that's transpired on and off the football field
Flipkart claims that over one billion customers visited its platform during the eight-day-long The Big Billion Festival. Amazon's Great Indian Festival 2022, which will go on for a month, is throwing discounts at customers that can hardly be ignored. But some of the stories that are coming out from these sales are not so great.
With Bharatpe's co-founder Ashneer Grover launching an offensive against the firm's investors after facing a probe over alleged fraud, abrasive behaviour and corporate governance issues, the company on Friday said questioning the integrity of board members and misrepresentation of facts is painful. "The (company) board in all its actions has followed due process in the best interest of the company. We would urge that the confidentiality and integrity of the governance review and board meetings is maintained by all," BharatPe said in a statement. The statement followed Grover, who was sent on a three-month leave following allegations of using abusive language against Kotak Mahindra Bank staff and for fraudulent practices, reportedly saying he was "arm-twisted" by the company's investors into going on leave and that he had lost confidence in CEO Sameer Suhail.
'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'
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