We propose an expert group be set up to form a national strategy on digital fraud. This group would bring together skills in financial regulation, security economics, cyber defence, and public communications, and an understanding of the Indian financial and security systems. It should lay the foundations of a coordinated approach by the Indian State in fighting digital fraud, suggest Ajay Shah and Nandkumar Saravade.
The accused, who duped the woman of Rs 6.60 lakh during the ordeal between September 5 and 8, continued to send messages even after her death on September 8.
Gujarat police arrest a woman allegedly involved in trafficking job aspirants to Myanmar and Thailand for cyber slavery. The accused lured people with promises of high-paying jobs and forced them to work for international cyber crime syndicates.
The total amount of fraud reported by banks showed a drop in 2020-21 - for the first time in eight years - though there is an emerging trend of private sector banks reporting a larger number of frauds related to card and internet banking. According to the latest data released by the Reserve Bank of India, commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year. The first half of the current fiscal year saw banks reporting frauds worth Rs 36,342 crore.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
The Supreme Court has restrained lower courts from releasing the accused in a digital arrest fraud case where a 72-year-old lawyer was duped of Rs 3.29 crore. The court expressed concern over the growing cybercrime and the targeting of elderly citizens.
The Supreme Court has expressed serious concern over the rising cases of digital arrest cybercrime in India, where fraudsters extort money from victims by posing as law enforcement officials. The court has vowed to deal with such cases with an iron hand and has sought reports from the Ministry of Home Affairs and the CBI.
The draft National Code Against Age Fraud in Sports (NCAAFS) 2025, which mandates penal action against violators and calls for AI-based bone assessments to accurately determine an athlete's age, is set to become a policy soon with the sports ministry planning to send it for cabinet approval next week.
Cyberabad police apprehended nine individuals for allegedly operating an international fake call centre that defrauded Australian citizens of millions of rupees over two years.
17-year-old Tejasvi Manoj becomes TIME's Kid of the Year 2025 for protecting seniors from cyber fraud.
The Supreme Court is considering entrusting the CBI with the investigation into digital arrest cases, citing the magnitude and pan-India spread of such crimes. The court has sought details of FIRs registered in different states and union territories and is monitoring the progress of the investigation.
Customers taking small and convenient steps and some degree of care and precaution while paying digitally will ensure safety and security from new threats that emerge every day, says Avinash Luthria
As the year draws to a close, Rediff's Senior Contributor Roshmila Bhattacharya takes a look at the hits and misses, the highs and lows, the newsmakers and the dealbreakers in alphabetical order.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
Congress leader Rahul Gandhi alleges that the Election Commission is colluding with the BJP to manipulate elections, citing data analysis from a Karnataka constituency. He claims evidence of 'vote chori' and demands transparency from the EC.
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
The case of phishing involves a senior manager with Dabur India Ltd, Sahibabad, who lost about Rs. 8 lakh in the fraud.
The Lucknow police have uncovered a cheating racket that mimicked the style of exam fraud seen in the first Munnabhai film, where real candidates were replaced by professional impersonators to sit for competitive exams.
A human trafficking racket spanning multiple states has been busted with the arrest of three persons in connection with the sale of a young girl from Meghalaya and her forced marriage in Rajasthan. Several other young women from the Northeast are believed to have met the same fate.
In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.
The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.
The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.
Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance.
The couple last month filed a petition in HC seeking suspension of the Look Out Circular (LOC) issued against them by police in the case, so that they can travel for their professional commitments and leisure trips abroad.
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
Chauncey Billups, an NBA Hall of Fame player and head coach of the Portland Trail Blazers, and Terry Rozier, a guard with the Miami Heat, were among more than 30 people charged on Thursday.
The government has initiated the process to safeguard buyers from online frauds.
This marks a 67% increase from the Rs 2,537 crore lost in scams in 2022-2023.
A strong demand was made in the Lok Sabha to eliminate online betting and gambling applications. YSRCP member Maddila Gurumoorthy urged the government to set up a dedicated task force to take action against betting and gambling apps. He also asked the government to draft regulations for such applications and launch awareness campaigns about the dangers of online betting. Other issues raised included deposit insurance coverage for bank depositors, representation of Scheduled Castes in the Kerala government, challenges faced by nurses, and the need for paramilitary forces in Jharkhand during upcoming Hindu festivals.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
From mobilising protests to choosing the interim prime minister -- Discord, Bitchat became virtual control rooms, even as familiar platforms like TikTok, Reddit, Instagram, etc. played their part.
If you have questions related to online insurance frauds, then Piyush Ranjan, chief technology officer, Coverfox Insurance, will answer your queries.
A prankster in Samastipur, Bihar, posed as Donald Trump to apply for a residence certificate, leading the district administration to order an FIR and investigation.
Link your UPI app to a separate bank account or wallet that has only a limited sum.
Following the 'dog babu' incident, another canine application for a residence certificate has surfaced in Nawada, Bihar. An FIR has been registered for the attempt.
Online frauds are as common as broadband connections these days. Here are a few that are in vogue today and how to avoid being cheated.
The Election Commission has asked RJD leader Tejashwi Yadav to hand over a voter ID card for investigation after he claimed to possess it despite it not being officially issued. The controversy arose after Yadav alleged discrepancies in the electoral rolls and claimed his voter ID number was changed.
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