With a mushrooming cyber trafficking industry, Cambodia has become the new cybercrime capital of Asia. Online scams have increased sharply across the globe in recent years, and many of them have originated from this Southeast Asian country in India’s extended neighbourhood, according to persons familiar with the dynamics of the region. Owing to its prolonged …
Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure. Deputy governor of Reserve Bank of India (RBI) Swaminathan …
She used the name Rekha Shah (alias Ankita Shah) and befriended him before she apprised him of a cryptocurrency investment platform known as deuncoin.com, Yadav told MintGenie. Subsequently, he created a profile on deuncoin.com and invested money into it. In fact, upon doing some research on the internet, he learnt that he was not alone. …
The Reserve Bank of India (RBI) has — time and again — cautioned investors against frauds being perpetrated in the name of KYC updation. In the wake of spate of such incidents which took place in the recent past, RBI has again urged the investors to exercise caution and due care to prevent loss and safeguard …
Opinions expressed by Entrepreneur contributors are their own. In recent years, the cybersecurity environment has significantly transformed due to the adoption of more stringent regulations. As hackers become more sophisticated and audacious by the day, governments and regulators worldwide are catalyzing proactive measures to safeguard citizens and businesses alike. Following the EU’s revolutionary General Data …
India, with its rapid digital transformation, has witnessed a significant rise in cyber threats and attacks in recent years. With the increasing digitization of various sectors and the expanding use of technology, individuals and corporations are becoming more exposed to the risks of cybercrimes. In this context, cyber insurance has emerged as an essential tool …
Online Air Intelligence (AI) fraud: Economic fraudsters have developed a new technique in which you will receive a video call from your known individual from an unknown number citing financial emergency. The known video caller from the unknown number would ask you to lend money that you may transfer expecting to get it back once …