The FinTech Hub
Source: Live Mint Cybercrime tricks: With the rising number of cybercrimes in the country, India’s largest bank, the State Bank of India, has issued an advisory outlining possible ways in which fraudsters can trick customers. 10 common cybercrime tricks TRAI Phone Scam: Some fraudsters may threaten to suspend your mobile services over allegations of illegal…
Source: Live Mint With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and…
Source: Live Mint What followed was nothing short of a nightmare. Within an hour, the octogenarian received calls from people posing as Central Bureau of Investigation (CBI) officers from Mumbai. They alleged that his Canara bank account had been used to launder money. Oswal did not have an account with Canara Bank, but the scamsters…
Source: Live Mint PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Business Standard Rudraprayag: Kedarnath temple being decorated ahead of its opening for the ‘Char Dham Yatra’, in Rudraprayag, Thursday, May 9, 2024. (Photo: PTI) 4 min read Last Updated : Oct 07 2024 | 11:14 AM IST The popularity of helicopter services for the Char Dham Yatra in Uttarakhand has led to a…
Source: Live Mint A recent report from the Indian Cyber Crime Coordination Centre reveals that digital financial frauds have cost India an astounding ₹1.25 lakh crore over the past three years. With the rising prevalence of such scams, Truecaller has introduced its fraud insurance policy in partnership with HDFC Ergo under its “Cyber Sachet” insurance…
