Digital financial fraud is here to stay; it’s important to be aware of the dangers to stay protected
The landscape of financial transactions has undergone a sea change over the last couple of years and digital fraud is adapting as well.
Bug in UPI: Bank of Maharashtra sees one of India's biggest frauds worth Rs 25 crore
The fraud was first reported in the media last week after a few arrests in Maharashtra, but the total amount transferred was under Rs 2 crore.
Signalling customers with colour codes, banking apps have noticed cuts in spending behaviour
A transaction-tracking app using red, yellow and green messages to warn account holders when they are paying out more or less than usual has resulted in some users spending less, a potentially powerful new weapon in the battle for customers.
Vijay Mallya: It's a witch hunt in India, 'interview' me in London
Vijay Mallya said in India investigative agencies are political tools that do not hesitate to go on a wild-goose chase
Vijay Mallya's famed US beer maker Mendocino in trouble too
Mendocino said if UBHL does not consummate debt financing, it would have a material adverse effect on the company's ability to continue to operate
Why ED's move to get Interpol arrest warrant on Vijay Mallya may be futile
ED is also mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by Mallya in this case
After failure to deport, ED to attach Mallya's India assets worth Rs 9,000 cr
ED will take banks on-board too before attaching these assets under PMLA laws
Bangladesh central bank working to recover &100 mn from US account
The Bangladesh central bank says it is working to recover some $100 million it lost from an account at the Federal Reserve Bank of New York.
CBI officers go back to school to get lessons in finance from IIM-B
Thirty CBI investigators took classes at IIM-B on financial intelligence and analytics, and were given an overview of issues like financial marketsand cyber crime.
65% Targeted Attacks Driven By Financial Fraud
Successful attacks cost businesses over $100,000 per incident, says Check Point survey.
Financial Fraud: Prevention Better Than Detection
ReadiMinds survey says financial institutions prefer real-time fraud prevention systems over post-facto fraud detection.
Indian FIs Keen To Adopt Cross-Channel Fraud Prevention: Survey
Indian financial institutions are still taking a channel-wise approach to tackling online frauds, as opposed to taking a holistic approach.
Satyam Episode Compels Enterprises To Revisit Governance
Biztech2.0 spoke to some leading CIOs to understand how the Satyam episode will impact the governance framework of enterprises.