Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud
To combat cyber fraud via mule accounts, banks are urging for authority to freeze suspicious accounts swiftly, bypassing lengthy approval…
Tag: cyber fraud prevention
Microsoft, Google, Airtel & other tech titans form coalition to curb cyber frauds
Leading telecom and tech giants such as Bharti Airtel, Vodafone Idea, Microsoft, Google, and Meta have formed the Safer Internet…
What are the new bank cybersecurity measures announced by RBI Governor Sanjay Malhotra?
By implementing stricter authentication standards, exclusive banking domains, and enhanced cybersecurity protocols, the central bank aims to mitigate the risks…
Cyber frauds on RBI’s radar: Banks mandated to use TRAI’s MNRL technology by March 31, 2025
RBI acts big on cyber fraud: The RBI has advised all regulated entities like banks, etc to use TRAI’s Mobile…
How new RTGS, NEFT verification facility would help prevent cyber frauds
With the new facility set to be rolled out by April 1, 2025, the RBI is taking significant steps to…
2.75 lakh phone numbers disconnected, Rs 4,000 cr cyber fraud prevented: Jyotiraditya Scindia
Union Minister Jyotiraditya Scindia announced government measures against cyber and telecom fraud. A new system prevented ₹4,000 crore in fraud…
Curbing cyber fraud: RB(A)I wants more banks to join hunt for mule accounts
The Reserve Bank Innovation Hub is collaborating with banks to use its Mulehunter.AI tool to detect financial fraud through mule…
Consumer awareness, use of AI & constant vigilance: HDFC Bank & TOI’s Cyber Security Summit explores how menace of cyber frauds can be dealt with
Greed, fear and emotional vulnerability are some of the biggest factors that fraudsters thrive on, and consumers must be constantly…
Rajasthan cyber scamsters use wedding invites on WhatsApp for data theft
As wedding season kicks off, Jaipur police are issuing warnings about a new cyber threat. Scammers are using e-wedding invitations…
Finance ministry asks banks to focus on cybersecurity and accelerating pace of lending to agriculture & MSMEs
The finance ministry has urged public sector banks to prioritize cybersecurity and align their digital frameworks with industry best practices.…