RBI’s new weapon against fraudsters
The Reserve Bank of India is working with fintech institutions to fight mule account cybercrimes. They have developed advanced algorithms…
Tag: mule accounts
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…
How bank frauds will evolve in 2025
In the new year, Bank frauds will be defined by the battle between increasingly sophisticated cyber threats and advanced security.
RBI policy acts big on banking frauds: New AI tool MuleHunter.ai by RBI to help reduce digital frauds
Reserve Bank of India: The RBI innovation hub in Bengaluru has developed a new artificial intelligence based system to reduce…
Eye on cybersecurity, PSBs told to conduct hackathons annually
The Indian finance ministry has directed public sector banks to organize annual hackathons with academic institutions like IITs to bolster…
RBI’s AI app to crack down on e-fraudsters
To track online frauds, RBI has introduced artificial intelligence application MuleHunter.AI to identify and alert banks about ‘mule accounts’ used…
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…