fraud detection

New Delhi, April 11 The Delhi Police has arrested three individuals for their alleged involvement in a Rs 10 lakh online investment fraud, an official said on Saturday.The case was registered on February 2 this year based on a complaint by Amit Kumar Jain, a resident of Subash Park in...

New Delhi, April 9 – To combat cyber frauds and financial crimes, the Indian Cybercrime Coordination Centre (I4C), under the Union Home Ministry, signed a Memorandum of Understanding (MoU) with the Financial Intelligence Unit-India (FIU-IND), under the Finance Ministry, to enhance information...

New Delhi, April 9 The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed an agreement on Thursday to enhance information sharing and strengthen India's fight against cyber fraud and financial crimes.The Memorandum of Understanding (MoU)...

New Delhi, April 7 The Supreme Court on Tuesday said that borrowers are not entitled to a mandatory personal hearing before their accounts are classified as fraudulent by banks under the rules laid down by the Reserve Bank of India (RBI).A bench of Justices J B Pardiwala and K V Viswanathan...

Washington, March 28 – The Trump administration has launched a federal task force to combat fraud in welfare programs, with Vice President JD Vance warning that the problem has "become a massive, massive problem" that is draining taxpayer funds.Addressing a meeting of senior officials, Vance...

Bhubaneswar, March 18 The Odisha Vigilance Department arrested a bank official on Wednesday for allegedly embezzling over ₹5 crore in government funds, along with his father, officials said.The accused is the branch head of a small finance bank in Bhadrak district, Odisha, they said.The...

Mumbai, March 18 All stakeholders need to come together to address ethical issues concerning influencer marketing, which is estimated to be around Rs 4,000 crore, said a senior government official on Wednesday.Sanjay Jaju, the secretary in the Ministry of Information and Broadcasting, said...

Bengaluru, March 12 Fexo, an AI intelligence platform focused on the BFSI sector, announced on Thursday the launch of its proprietary AI decisioning engine for business loans.The new system is designed to help banks, NBFCs, and financial services providers accelerate the adoption of AI across...

New Delhi, March 11 Online fraudsters are using new technology that bypasses the security features of UPI apps to carry out financial transactions, cyber intelligence firm CloudSEK claimed in a report.According to the report, the firm has identified at least 20 active groups on messaging...

New Delhi, March 11 Online fraudsters are using new technology that bypasses the security features of UPI apps to carry out financial transactions, cyber intelligence firm CloudSEK claimed in a report.According to the report, the firm has identified at least 20 active groups on messaging...

Thiruvananthapuram, March 6 Kerala police said on Friday that they had arrested 165 people and registered 455 cases in a statewide drive to curb cyber financial fraud and related activities.The special drive, code-named "Operation Cy-Hunt 2.0", was conducted simultaneously at all police...

New Delhi, March 5 Private sector lender Yes Bank announced on Thursday the launch of an exclusive salary account, a solution designed to support the financial and lifestyle needs of working women ahead of International Women's Day.This new offering will bring together a suite of specialized...

Bengaluru, February 27 In a major crackdown on GST fraud, the Belagavi zonal unit of the Directorate General of GST Intelligence (DGGI) has uncovered a fake input tax credit racket worth approximately Rs 593 crore, officials said.The action followed an investigation into a suspicious GST...

New Delhi, February 27 The Delhi Police has arrested a 22-year-old woman suspected of arranging mule bank accounts for an alleged interstate cybercrime network, and recovered dozens of ATM cards, cheque books, and electronic devices from her possession, an official said on Friday.The accused...

Beijing, February 26 Chinese security officials claim to have "completely dismantled" notorious Chinese criminal gangs based in Myanmar and Cambodia, who terrorized the world with online extortion rackets, forcing people to part with their hard-earned savings.Thousands of people in India...

Rajkot, February 26 Three individuals were arrested in the Rajkot district of Gujarat for their alleged involvement in a cyber fraud scheme worth approximately ₹150 crore, bringing the total number of arrests in the case to nine, a police official said on Thursday.Adiluddin Mohammed, a...

New Delhi, February 25 The Railway Board has cautioned its employees against falling prey to cyber criminals who have contacted some junior staff through phone calls and WhatsApp messages, posing as senior officials, to obtain their personal and financial details with the intent to defraud them...

Chennai, February 25 AI-led platforms have evolved from simple add-ons into critical infrastructure, helping telecom operators combat sophisticated fraud and grow digital revenue, a top official of a telecom AI solutions company said.Telecom operators worldwide have outgrown traditional...

Chandigarh, February 25 The Haryana State Vigilance and Anti-Corruption Bureau has arrested four individuals in the IDFC First Bank fraud case, officials said on Wednesday.Of the four arrested, two are former IDFC First Bank employees, and the other two are private individuals who own a...

Bengaluru, February 24 – The Cyber Crime Police Station, Central Division, Bengaluru, attached to the Karnataka State Cyber Command, conducted a raid in the city and arrested two individuals on charges of operating a fake call centre and luring people by claiming they would earn profits through...