RBI Governor calls upon banks and NBFCs to mitigate cyber risks
RBI Governor Sanjay Malhotra stressed the need for enhanced cyber security in the financial sector. He urged banks and NBFCs…
Tag: digital frauds
Bank frauds in H1 FY25 surge eightfold to Rs 21,367 Crore
The figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during…
Banks to use AI & Machine learning to safeguard customers from financial frauds: Department of Financial Services
In a significant move to address the growing menace of digital financial frauds, the Department of Financial Services (DFS) has…
Adopt ‘SMART’ policing: PM to cops amid rising digital frauds
PM Narendra Modi called upon the police forces of the country to adopt the ‘SMART policing mantra’, with the ‘SMART’…
Truecaller, HDFC ERGO tie up to safeguard subscribers from digital frauds
The product is available to yearly premium subscribers of Truecaller and all existing customers can avail this protection for free…