Cyber Fraud Transactions

According to police reports, at least seven cases have been reported from the city in the last 20 days where people were duped by miscreants posing as army men or from the paramilitary forces.

Warning against mounting cyber crime cases across the country, State Bank of India (SBI) Chairman Dinesh Kumar Khara said customers should be informed to report any unauthorised transaction immediately so that it can be checked timely. Khara asserted that customer service should be given the utmost priority and urged customers of the bank to remain aware for checking the rise of cybercrime cases. "They should inform them that unauthorized transactions, if any, should be immediately informed to toll-free number 18001-2-3-4 so that proper action can be taken on time," an SBI release said on Friday. The SBI chairman arrived here on Thursday to take part in various Corporate Social Responsibility (CSR) initiatives of the lender. He also explained how the bank is providing a high level of service to customers through the YONO app and other digital mediums. Khara appreciated the use of YONO among the customers and said "we are giving better service to the customers through digital ...

While digitisation of payments and banking has benefitted both common people and government, financial fraud has been on the rise, with nearly 42 per cent of Indians becoming victims in last 3 years

Wormhole is a platform that allows users to transfer cryptocurrency across different blockchains.

It is also leveraging artificial intelligence to immediately identify and block suspicious activities

In the absence of deterrents, many banks are not adhering to guidelines