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. …
This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the frauds of ₹one lakh and above. Most of these frauds in banking transactions relate to ‘advances’. Out of ₹45,598 crore, frauds related to advances are valued at ₹43,512 crore and …
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 …