Tag: cyberfraud
As per a probe by the Enforcement Directorate an estimated 36,000 Indian SIM cards were discovered to be activated in Cambodia. Of this big figure an estimated 5300 SIMs were used in cyber fraud incidents amounting to hundreds of crores of rupees. These SIM cards were fraudulently made active in India and handed over to […]
Conventional Phishing attacks involved tricking potential victims to enter their respective usernames and passwords on fake websites which resembled the genuine websites. Once the login credentials were captured, they were used to steal business as well as personal data. A new trend that has emerged is to trick users into downloading malware that once downloaded […]
India’s central bank is moving to protect people who lose money in small-value digital payment fraud. The Reserve Bank of India (RBI) has proposed a new framework that could offer compensation of up to ₹25,000 to victims of unauthorized digital transactions. The goal is to give users more confidence in online payments while keeping the […]