Gujarat Bank Cyber Theft of ₹7.34 Crore
Gujarat Bank fell victim to a cyberattack in which hackers exploited a software flaw to steal ₹7.34 crore from multiple
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banking fraud
5 common digital banking frauds in India and how to stay safe
As digital banking usage rises in India, so do online banking frauds targeting customers’ money and personal information. Financial experts
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Nordic Banks Turn to Compliance-as-a-Service to Combat Rising Fraud
Banks in the Nordic region are increasingly adopting Compliance-as-a-Service (CaaS) solutions to tackle the growing threat of financial fraud and
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Banking Frauds Surge in H1 FY25; Amount Involved Rises Eightfold
Banking frauds in India have witnessed a sharp increase in the first half of FY25, with the total amount involved
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Bombay High Court Lifts Stay on RBI Fraud Circular
The Bombay High Court has lifted the stay on the Reserve Bank of India circular governing fraud classification, allowing banks
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No Systemic Issue in IDFC First Fraud: RBI Governor
Reserve Bank of India Governor Sanjay Malhotra has stated that the recent ₹590 crore fraud reported by IDFC First Bank
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IDFC First Bank Hit by Classic Fraud, Profit Impacted
IDFC First Bank has reported a significant financial impact after falling victim to a fraud described as one of banking’s
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Statistics- RBI Deputy Governor Rabi Sankar asks banks to consider insurance for fraudsLoan Demand
Reserve Bank of India (RBI) Deputy Governor Rabi Sankar has stirred discussion in the banking and risk community by questioning
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Enforcement Directorate Raids RJD MLA, Others in Bihar Cooperative Bank Case
The Enforcement Directorate (ED) conducted searches at 18 locations, including premises linked to RJD MLA and former Bihar minister Alok
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DECODING FINANCIAL CRIME OF MONEY LAUNDERING
Abstract: This article is about the definition & concept of financial crime of money laundering. The article explains the different
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