AADHAAR FRAUD ALERT
Amid NEET, NET exam mess, UPSC moots AI-based CCTV surveillance to prevent cheating
Amid controversies over NEET and NET exam irregularities, UPSC plans to implement facial recognition and AI-based CCTV systems to prevent cheating. The initiative aims to ensure fair exams for about 26 lakh candidates annually. A tender seeks solutions for biometric authentication and real-time surveillance to enhance the examination process.
Stock market scam: 70-year-old Thane resident loses Rs 2 crore in WhatsApp fraud
A 70-year-old from Kolshet, Thane, Maharashtra, lost Rs 2 crore in a stock market scam after being added to a WhatsApp group by unknown individuals. The group, highlighted by The Times of India, touted share trading tips and high returns. Its administrator falsely posed as a representative of a Chicago-based investment giant, enticing traders with purported opportunities.
To AI or not to AI? Why artificial intelligence deciding your loan application makes regulators nervous
AI & ML are now ubiquitous in banks and financial institutions as it helps the companies improve credit assessment and reduce frauds. Though these models have some risks — and the regulators are rightfully concerned — the good news is these can be resolved without much trouble.
Covaxin, Covishield alert: Scammers exploiting vaccine fears, police issue alert
Authorities are alarmed by a surge in fraudulent activities exploiting Covid-19 vaccine inquiries, targeting unsuspecting individuals for personal information. Scammers, posing as health officials, prompt citizens for Covishield or Covaxin details, aiming to harvest sensitive data. Kolkata residents report such incidents, including calls from interactive voice systems causing network disruptions.
Alert: Voter ID card download scam on rise ahead of Lok Sabha polls 2024; What you need to know
To safeguard yourself from falling victim to such scams, it is crucial to stay informed and exercise caution. Here are some tips to help you avoid becoming a victim of a voter ID scam:
Refund of fraud transactions: Railway police constable wins case against PNB after 10 years; what to do in such cases?
Punjab National Bank: What happened was an constable with Railway Protection Force (RPF) became a victim of electronic fraud in 2013 and Rs 80,000 was withdrawn through eight unauthorised transactions. Banking lawyers say that the burden of proving customer liability in case of unauthorised electronic banking transactions shall lie on the Bank.
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Here is govt's big plan to stop online frauds in India
The government is taking steps to combat cyber fraud in the financial sector by blocking IMEI and imposing withdrawal limits on suspicious accounts. Representatives from RBI, TRAI, NPCI, and the Ministry of Information Technology discussed the need to address 'inert' and 'mule' bank accounts, which are often used in fraudulent activities.
Govt disconnects 70 lakh mobile numbers involved in financial frauds: DFS Secretary
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday.
Trai issues public advisory against fraudulent calls threatening disconnection of mobile services
The regulator also clarified that it had not authorised any agency to contact customers for such activities, and accordingly, all such calls are illegal and are to be dealt as per law.
Scammers targeting Aadhaar payment system to drain bank accounts: Here is how to lock Aadhaar online
Beware! Scammers are exploiting vulnerabilities in the Aadhaar-enabled Payment System (AePS) to empty bank accounts without SMS or OTP authentication. To prevent fraud, the Bengaluru Police commissioner has issued a warning and the State Bank of India (SBI) has advised customers to lock their biometrics through the m-Aadhaar app or UIDAI portal. In these scams, criminals use victims' Aadhaar biometric data to withdraw funds without consent.
Apple flags ‘state-sponsored’ hacking, govt orders probe; inside PharmEasy’s Rs 3,500-crore rights issue
The Centre has ordered probe after opposition members, journalists received messages on their iPhones, warning them of possible ‘state-sponsored’ privacy attack. This and more in today’s ETtech Morning Dispatch.
This new Aadhaar-related banking fraud is on the rise; why you need to lock your Aadhaar biometrics now
According to the forum, banks are directly responsible for this fiasco, which has led to thousands of innocent depositors lose their hard earned savings through frauds using the AEPS.
Aadhaar fraud alert: How banks use new methods to protect your money from scammers
Aadhaar enabled payment systems (AePS) transaction fraud can be done if the fraudster has got access to the bank customer's fingerprint/IRIS impression/data, their Aadhaar number and name of the bank where the account is maintained. In order to stay protected from this kind of fraud an individual must take certain steps. Further banks also help in prevention of such a fraud.
Dunzo's big valuation drop; decoding govt’s tax math on online gaming
Dunzo is seeking approval to raise $35 million via a rights issue, but some of its investors feel the cash-strapped startup’s valuation be slashed to about $200 million for the financing to happen. This and more in today’s ETtech Morning Dispatch.
Scam Alert: Fraudsters are targeting credit card users with festive "packages and offers"
Cyber cells in Kolkata have seen a rise in complaints of credit card frauds, particularly targeting women. Fraudsters are using the pretext of Durga Puja "packages and offers" to deceive victims. Authorities have issued warnings to the public to be cautious when dealing with unverified websites and not to share banking details with suspicious platforms or trust unsolicited callers.
Aadhaar Fraud: How to prevent misuse of Aadhaar card details, Govt shares tips
Recently, the Unique Identification Authority of India (UIDAI) cautioned users about not clicking on any links of Aadhaar other than the official links shared by them. This is because many times scamsters create a look-alike or phishing website and then gullible people input their key information like Aadhaar and then get scammed.
Scamsters threaten Bengaluru techie with hit-and-run and terror funding cases, conned Rs 1 lakh
An IT professional in Bengaluru fell victim to a cyber scam where fraudsters posed as officials from the RTO and police in Mumbai. They convinced the victim that her vehicle was involved in a hit-and-run accident and her bank accounts were being used for illicit activities. The scammers coerced her into transferring Rs 97,000 to their accounts. The victim realized it was a scam after transferring a total of Rs 96,650 and refused to transfer any more. The police are investigating the incident.
AePS users in a fix as banks set up guardrails to reduce fraud
Last-mile consumers who use AePS to withdraw DBT funds are finding their transactions failing over the last few months, as banks introduce strict checks to reduce fraud
How HDFC Bank customers can identify fake SMS messages
Countless people have been cheated by fraudulent SMSs. Numerous bank customers have received texts from strange numbers informing them that their KYC update with the bank is required.
Cyber criminals use PAN details of celebrities for credit card fraud, five arrested
Some of the celebrities whose names and details were used by the fraudsters are Abhishek Bachchan, Shilpa Shetty, Madhuri Dixit, Emraan Hashmi and Mahendra Singh Dhoni, Deputy Commissioner of Police (DCP) of Shahadra Rohit Meena said.
Plot owner's Aadhaar, OTP must for registry in Haryana
Now, all property details and revenue records have been digitised and each property has been given a unique identity number in the Haryana Land Records Information System (HALRIS), the portal used for registration and record of properties.
vpnMentor spots a data breach in Credit Fair, Chqbook Database
Credit Fair offers customers access to small personal loans, while Chqbook lets customers compare personal finance products such as loans and credit cards, based on their financial status.
Govt seeks help from IT biggies to make Ayushman insurance scheme fraud free
IT firms have been called on to build a shield that can identify "suspicious" PMJAY transactions.
Aadhaar: World's largest ID database exposed by India government errors
India’s government counts on high-tech encryption, multi-layered authentication, and even 13-feet high walls to protect the world’s largest biometric database.
India seeks Aadhaar-like ID for all BRICS nations
India also proposed introduction of realtime alert for any suspicious transactions involving any of the BRICS nations.
need2know: Catch up with 10 triggers that may move markets today
A lowdown on top macro triggers that are likely to move the market on Thursday.
A billion India identities at risk as PM Narendra Modi widens digital reach
The govt is seeking to link the database, with info on about 88 percent of the population of more than 1.2 bn, including children, to all state services.
Offline banking apps push inclusion
With the Kotak Bharat app, users can transfer money, recharge their mobile or DTH, link Aadhaar number to the bank account, locate nearby Kotak ATMs and branches.
CVC calls for foolproof system to verify bank customers' data
Earlier in his address, the CVC said technology or automation can only be an enabler to enhance effectiveness and cannot prevent frauds on its own.
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