Latest Fraud Prevention News & Updates

New Delhi, May 6 (IANS) A growing wariness is reshaping how Indians search for jobs, with eight in 10 professionals now checking whether a role is legitimate before applying, according to a report released on Wednesday.According to an analysis by LinkedIn, 82 per cent of Indian professionals take a moment to verify a role’s authenticity before applying, while 53 per cent say they are more likely to question whether a job is a scam than they were a year ago.This behavioural shift has suggested th…

Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…

New Delhi, April 9 (IANS) Looking to check cyber frauds and financial crimes, the Union Home Ministry’s Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry’s Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official s…

New Delhi, Feb 19 (IANS) The Delhi High Court has agreed to examine a public interest litigation (PIL) seeking framing of comprehensive guidelines to curb the growing menace of frauds perpetrated through the Unified Payments Interface (UPI). Issuing notice, a bench of the Chief Justice D.K. Upadhyaya and Justice Tejas Karia sought responses from the Union government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on the plea filed by retired Central governm…

New Delhi, Jan 3 (IANS) Investor awareness is the strongest foundation for Gujarat’s growing investor base, said Ashishkumar Chauhan, MD & CEO of the National Stock Exchange of India (NSE).Speaking at an Investor Awareness Programme (IAP) in Gujarat’s Rajkot, the MD & CEO of the stock exchange said that the initiative can empower citizens and caution them against fraud.”At NSE, we believe that informed investors make better decisions, which contribute to long-term economic wealth cre…