The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies among policyholders. According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19.
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 new provisions include greater emphasis on digital signatures, new security practices and procedures for e-governance and other technology applications.
Cardholders must ensure their debit cards are used in their presence.
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.
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.
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
Gullible bank customers are getting fooled by callers who scare or lure them.
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.
Beware of e-mails from shopping websites offering free goods
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.
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
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.
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.
An Islamic State manual for preparing, funding and carrying out terror attacks in the West is being shared on jihadist forums on the internet
rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.
Fighting fake brand peddlers. How the complex web of counterfeit goods threatens to trip e-commerce giants in the country.
'With free software on the Internet and apps, creating a deepfake video can take 3 to 5 minutes. Anyone can make these videos.'
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.
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.
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.
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.
Stories of friendship, former life and fights against the system dominate the OTT this week. Sukanya Verma lists her recommendations.
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.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
...and say bye to the humanities-science divide, says Ajit Balakrishnan.
The online application of such claims would enable EPFO to eventually settle those within three days.
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.
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.
'The district administration failed and it was a very costly failure.'
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.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
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.
Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
'There is an eminently fertile ground that perpetrators must be finding in our society.'
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
It will tackle crimes, including those associated with malware, botnets, intellectual property theft and technology facilitated child exploitation.
