Wednesday, December 4, 2019, 4:44 AM
A case of major ATM fraud has surfaced in Kolkata with about 57 complaints registered in two police station areas where 12 lakh has been taken out from different bank accounts of the complainant over the past two days. Over the past two days people have been flocking to the two police stations alleging that thousands of rupees are being withdrawn from their accounts. Police said the fraudulent withdrawals were from Delhi and a team of the Kolkata police has started its work. The police suggested that the withdrawals could be linked to a gang of “Romanian or Turkish” nationals who were involved in frauds last year using skimmer devices at certain ATMs here and were arrested.
Tuesday, October 1, 2019, 4:45 AM
Cybersecurity firm Kaspersky has identified a new malware active in some of the Indian financial institutions that can steal confidential information like transaction details from the system and remotely control the infected devices. Kaspersky said the malware is created by Lazarus group controlled by North Korea's primary intelligence bureau. Lazarus was associated with Wannacry ransomware infections that affected several systems in India in 2017. It was also blamed for the 2014 cyber attack on Sony Pictures. The researchers have discovered ATMDtrack, a banking malware targeting Indian banks, that is designed to be planted on the ATMs to read and store the data of cards inserted into the machines. The researchers found more than 180 new malware samples which had code sequence similarities with the ATMDtrack.
Friday, September 13, 2019, 1:31 PM
Worried about ATM fraud? Soon, you will be able to withdraw cash using UPI ATM frauds in India ar ...
Tuesday, August 27, 2019, 10:08 AM
The Delhi State-Level Bankers' Committee (SLBC) has suggested keeping a window of 6-12 hours between cash withdrawals to prevent frauds, according to a report by The Times of India. "A lot of these frauds happen at night, from around midnight to early morning. A bar on transactions for a certain period can help," said Mukesh Kumar Jain, the CEO of Oriental Bank of Commerce and the Delhi SLBC convener, told the publication. One-time password (OTPs) for cash withdrawals, similar to the kind used for card transactions online, are also being considered, Jain told The Times of India. Another measure being evaluated is a centralized monitoring system with a two-way communications system, the report said.
Wednesday, July 24, 2019, 11:39 AM
A female employee of the AYUSH Department had visited the Sector 20 branch of the HDFC bank at Panchkula (Haryana) to open a bank account. She was asked to contact a bank agent named Vishwas at Sector 15. After she contacted Vishwas, he visited her office and asked her to fill the account opening form. After she filled the account opening form Vishwas handed over the kit, which contained passbook and an ATM card. After some days Vishwas called her up and asked if the salary was credited to her bank account. To which she replayed positively. She received a message same evening saying that Rs 21,000 was withdrawn from her account through the ATM. Surprisingly, the ATM card was actually in the possession of the victim itself.
Tuesday, July 23, 2019, 1:16 PM
Beware of ATM card swapping fraud Many of us rely on ATM cards to withdraw cash and make payments. When compared to the last ten years, the number ...
Monday, July 22, 2019, 12:46 PM
Maharashtra reported 233 cases of ATM fraud in 2018-19, the highest in the entire country, Reserve Bank Of India (RBI) data, accessed by TOI, revealed. The data showed that Delhi grabbed the second spot with 179 cases, followed by Tamil Nadu with 147 cases of ATM fraud. In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore. The country witnessed an increase in ATM fraud cases in general (up from 911 to 980). Assam, Arunachal Pradesh and Tripura were the only three states that didn’t report a single incident. However, the money lost came down from Rs 65.3 crore in 2017-18 to Rs 21.4 crore in 2018-19.
Friday, July 12, 2019, 1:24 PM
Want to keep your debit card safe from frauds? Follow these steps When you open a savings bank ac ...
Monday, January 7, 2019, 12:16 PM
Here is how thieves loot money while you transact at ATM In the past few years, a lot of people h ...
Wednesday, October 17, 2018, 1:19 PM
Kaun Banega Crorepati Scam The World today is full of frauds and scams. Fraudsters try to take advantage of every situation to make easy money. You ...