Fraudsters duplicate SIM cards to hack into bank accounts.
The Bombay High Court has directed HDFC Bank to refund Rs 38 lakh to a Pune businessman who lost the amount in a digital fraud, citing the account holder's lack of fault and RBI guidelines on customer protection.
There will be a seven-day waiting period after the SIM swap or replacement for a mobile number to become eligible for porting, telecom regulator Trai said on Friday. The step has been taken to curb fraud taking place by using mobile phone numbers. "The Telecom Regulatory Authority of India (Trai), on 14th March 2024, issued the Telecommunication Mobile Number Portability (Ninth Amendment) Regulations, 2024, which will come into force on July 1, 2024," the regulator said.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
Bharti Airtel on Thursday announced the commercial launch of 4G services in 296 towns across India after testing the market in select cities.
A user will need to buy a 4G-enabled handset and then upgrade his or her existing 2G/3G SIM card to a USIM (Universal SIM)/4G SIM.
Risks are increasing with 55 times increase in such transactions over the past three years, says a Assocham-PwC report
OnePlus 6 comes to India packed with loads of features.
OnePlus is raising the bar every iteration and OnePlus 6 defines it all.
Himanshu Juneja reviews this budget phone that offers 3GB RAM, finger print scanner and more for just Rs 6,999
Seems like the marquee product from the software giant have finally landed.
Tuesday was the last that Courtroom 51 saw of Shyamvar Rai, accused No 3 and approver in the Sheena Bora murder trial. True to form, Rai's final hours in the witness box were rather acrimonious. His cross-examination at several points turned downright ugly.
