Typically, scammers call bank customers pretending to be authorised representatives of the bank and then extract personal details from them. Despite Reserve Bank of India (RBI)’s guidelines to not share One Time Passwords (OTPs), many people continue to fall prey to such scams. This not only indicates lack of awareness amongst customers but also potential breach of security/data compromise by banks. Social media platforms such as Twitter, Facebook et cetera continue to host fake accounts that facilitate such scams.
Before delving deeper into what can be done to stop such scams, let us first understand what cyber crime is.
Different types of cyber crimes and penalties for the same are provided under the Information and Technology Act, 2000 and Indian Penal Code, 1860. In simple words it can be understood as an act that violates the law, and is perpetrated using information and communication technology (ICT) to either target networks, systems, data, websites and/or technology or facilitate a crime. Cybercrime is different from traditional crime in that it "knows no physical or geographic boundaries".
According to RBI’s annual report, the banking sector recorded 9,103 cases of frauds involving Rs 60,414 crore in 2021-22 and 7,359 cases of fraud involving Rs 1,38,211 crore in 2020-21.
The following steps can be taken to report a bank/financial fraud
A. File a complaint online with the National Cyber Crime Reporting Portal. A complaint for a financial fraud can be filed at https://cybercrime.gov.in/ in the following manner:
A complaint for reporting a financial fraud is easy to file and free of cost. It is advisable to file the complaint on the same day of the incident if not immediately.
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'Respect, trust and care are non-negotiable in a marriage'
People today are at a phase where relationships fail in front of the modern-day challenges. However, in contrast, there are Anup Kumar Roy Choudhury and Lata Roy Choudhury, who set an inspiring example of how relationships are kept alive. Married on 12 July 1976, the couple has spent 48 years together overcoming numerous problems and unexpected trials.
Shadows, light and symphonies: Kim Barbier illuminates Kolkata with Western classical elegance
As the crisp evening air gave a slight shiver, the daylight dwindled with flocks of birds flying back home, and the smell of fall engulfed the city.
Spring in Sandalwood forest
reeparna thinks about Kolkata while seated in her chamber at the Bhagabatpur rural health centre. She believes her best days are being spent in this health centre.
Dev Deepawali: Binding India's spirituality & divinity
Being presented as the \"Festival of Lights for the Gods\", Dev Deepawali is one of the most special events that Varanasi celebrates. It usually takes place fifteen days after Diwali on the full moon day.
A closer look at Justice Sanjiv Khanna's landmark rulings as he takes oath as 51st CJI
Justice Sanjiv Khanna assumed office as the 51st Chief Justice of India on Monday, following Justice DY Chandrachud's tenure.
Have we 'woken' up?
Pundits, politicians, and public commentators intensely debate the election results, I caution against hyperbole and overinterpretation of what was, in reality, a close race, though the margin of victory looks wider than it actually is, due to the special quirk of the electoral college system.
BGT: Team India jolted by Gill's thumb injury ahead of opening Test in Perth
Star opener Shubman Gill picks up injury during practice, creates headache for coach Gautam Gambhir
Paine worried over Gambhir's temperament
Former Australia skipper Tim Paine hit out at Gautam Gambhir for his coaching style ahead of the Border Gavaskar Trophy, and went on to state that he could not be a great fit into the Indian team as head coach.
Samson becomes first batter with 2 T20I tons in single calendar year
Sanju Samson delivered a breathtaking performance of batsmanship at the Wanderers Stadium here on Friday, smashing his third T20I century in the fourth match of the series against South Africa.
Paul Pogba and Juventus agree to terminate contract
Paul Pogba and Juventus have mutually agreed to part ways as the French midfielder faces an 18-month ban from football.
