Online Fraud

Mid-market firms with revenues of $10 million to $1 billion faced 45% of attacks; only 21% were large ones with over $1 billion in revenue; smaller firms suffered 34% of attacks

A section of players is wary of the proliferation of counterfeit products unless more checks and balances are put in place

The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown

Over the years, there has been a significant change in the types of frauds affecting the banking industry

The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation.

IBM Telum Chip: The team owned a significant portion of the logic design, verification and validation, in addition to the complete physical design of the new dedicated on-chip accelerator

Two incidents of cyber fraud were reported in the last month

So far, 34 Nepali citizens have been found involved in the scam while 15 victims of the fraud are in contact with police.

65% of Indian businesses have experienced an increase in online fraud-related losses over the past 12 months

The cyber-insurance can be availed digitally through an app at only Rs 99 per month and with a sum insured of Rs 50,000

As we become increasingly dependent on online financial transactions, here are a few ways to help you avoid losing your hard-earned money to fraudsters

Mastercard's Executive VP for Asia Pacific Rama Sridhar said the company was committed to the strategic market by investing in people, resources and creating solutions for the Indian customers

Of the three surveyed sectors, Indian retail merchants experience higher incidents of frauds

The arrest comes after police froze the company's bank accounts and sealed its office at Noida Sector-2

The task force has also sealed the bank accounts of the company

Police arrested Maninder, a resident of Tilak Nagar in Delhi, and Gulshan, a native of Punjab

Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud

The value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year

The study revealed that 85 per cent of India's Internet users are familiar with the term 'Internet Scam'