Earlier this year, The Hindu reported that 9% of Indian families claim to be victims of online financial fraud. This finding was based on a survey which received nearly 32,000 responses from families located in 331 districts of India comprising 66% male respondents and 34% women. Need for AI in Digital Protection against Financial Frauds […]
According to a report by Times of India in August, Delhi witnessed a 200% surge in cyber fraud complaints including bank and credit card fraud, compared to the previous year. The Delhi Police recorded over 24,000 complaints by June, a significant rise from the 7,500 complaints during the same period in 2022. Is your money […]
SOVA is an Android banking Trojan with significant capabilities like credential theft, capturing keystrokes, taking screenshots, etc., that can inflict acute harm to the devices that become victims of this malware. This malware has been on sale in the underground market since last year & is suspected of having been bought by some bad […]
In yet another incident of bank fraud, Paul (name changed for privacy reasons), a Mumbai-based man lost Rs. 1.3 Lakh from his bank account. Here’s what happened based on the story narrated by him in a Facebook post. After linking our Aadhaar card to bank accounts and PAN, we are now supposed to link it […]