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As Indian banks and consumers adopt new technology, risks of cyber attacks, digital frauds, data breaches and operational failures have increased, with the RBI repeatedly cautioning lenders about ...
The Indian government said it was rescuing its citizens who were lured into employment in Cambodia and were being forced to participate in cyber fraud schemes. The Indian embassy in Cambodia is ...
Data breach incidences in India were the second highest globally in 2018, according to a report by digital security firm Gemalto. [ 1 ] [ 2 ] With over 690 million internet subscribers [ 3 ] and growing, India has increasingly seen a rise in data breaches both in the private and public sector.
Punjab National Bank Scam: A fraudulent letter of undertaking worth ₹11,600 crore (US$1.77 billion) was issued at the Punjab National Bank branch in Brady House, Mumbai, making the bank liable for the amount. [79] The fraudulent transactions, linked to Nirav Modi, were first noticed by a new employee of the bank. [80]
The scheme to set up the Indian Cyber Crime Coordination Centre was approved in October 2018 by the Ministry of Home Affairs (India). It was inaugurated in New Delhi in January 2020 by Amit Shah, the Home Minister of India. [6] In June 2020, on the recommendation of I4C, the Government of India banned 59 Chinese origin mobile apps. [7] [8] In ...
The Indian Cyber Crime Coordination Centre, Cyber Crime Helpline (1930) and DigiKavach will work together to provide information and support to victims of financial fraud, for a swift response to threats. [1] Building on its anti-fraud program, DigiKavach, Google intends to introduce its Safety Engineering System by 2025. [6]
Siddharth Varadarajan, a New Delhi–based, American investigative journalist and founder of The Wire. Varadarajan joined the investigation of Project Pegasus. [24] Umar Khalid, a left-wing student activist and leader of the Democratic Students' Union, was added to the list in late 2018, then charged with sedition. He was accused of organising ...
The biggest Indian bank, the State Bank of India, announced the blocking and replacement of almost 600,000 debit cards. [ 4 ] An audit performed by SISA Information Security reports that the breach was due to malware injected into the payment gateway network of Hitachi Payment Systems.