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Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe
Increased usage of the internet has also resulted in an increase in online fraud. Scammers are find…
Data privacy issues, online frauds emerging as e-commerce growth hurdles: Eco Survey
The e-commerce industry in India is expected to cross USD 350 billion by 2030 and called for the ne…
PTI
Mumbai woman loses Rs 6 lakh to cyber fraud while trying to save Rs 5,000 — here’s how to avoid such scams
What started as a simple attempt to withdraw Rs 5,000 from an ATM ended with her losing Rs 6 lakh t…
Navi Mumbai job aspirants robbed of Rs 1.31 crore on pretext of Indian Railways job, 6 accused booked
In Navi Mumbai, six individuals allegedly scammed 20 job seekers of Rs 1.31 crore by promising cler…
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
UPI Lite wallet limit and transaction limits for feature phone users increased
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…
Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
Women are more likely to adopt digital financial services when introduced by local agents or women community influencers
Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…
ANI
Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi
Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…
PTI
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
India to see retail digital payments to double to USD 7 tn by 2030: Report
Millennials and Gen X are leading in the adoption of all types of digital payment instruments.
PTI
Feds accuse famed short-seller Andrew Left of fraud and market manipulation
The DOJ alleges that Left made at least $16 million by knowingly exploiting his ability to move sto…
Jennifer Sor
Retired director of MNC loses ₹25 crore to cyber fraudsters who posed as cops, CBI officers
According to them, the victim sold her and her mother's shares and mutual fund investments and e…
PTI
Woman loses ₹54 lakh in work-from-home scam! Here's what it is and how to protect yourself
Job hunting is something that most of us do online, be it on social media or various online job por…
USSD-based call forwarding to be suspended soon to curb fraud
Online fraud has been on the rise in the country, with several instances of fraud resulting from ca…
Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…
John Towfighi
A scammer conned us out of our $32,430 down payment by email. We didn't realize it until 10 days later.
Daniel Pietschnig and Jessica Madalena unknowingly wired their down payment for a house to a frauds…
Alcynna Lloyd
At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word for fraud
A representative for Deutsche Bank, which NY officials say Trump defrauded, acted nothing like a vi…
Laura Italiano
Quishing on the rise – Be alert while scanning payment QR codes
Digital payments have grown by leaps and bounds in India over the past few years, with unified paym…
UPI in 2024 – Five rule changes that you need to know
The year 2024 has begun and with this, there have been some changes in the financial sector. Unifie…