Digital Frauds
Lost money to cyber fraud? RBI's new rules offer compensation of up to ₹25,000
Customers who lose money in digital banking frauds will get stronger protection under the RBI's revised framework from January 2027. The new rules shift the burden of proof to banks, introduce compensation for small-value frauds and impose stricter complaint-resolution timelines.
3 min read25 Jun 2026Digital fraud: Banks to cover up to 85% of loss, once in lifetime
As per the new RBI framework, individuals and sole proprietors having lodged a complaint involving fraud-led loss of up to ₹50,000 will be eligible for a compensation of up to 85% of the net loss amount (calculated after reducing recoveries made) or ₹25,000, whichever is less.
4 min read24 Jun 2026India’s suspected digital fraud rate soars to twice the global average; account logins most vulnerable
Logistics recorded the highest suspected digital fraud rate in 2025 at 16.3%, followed by telecommunications and insurance.
1 min read21 Jun 2026Did your elderly parent become victim of cyber fraud? From saving proof to filing FIR, here’s what you should do next
To file an FIR for a cybercrime involving elderly parents or family members, swift evidence collection, online fraud reporting and bank notification are crucial. Quick action will help minimise financial losses and protect the victim's rights.
3 min read13 May 2026RBI moots safeguards to curb digital payment fraud: How will they protect bank customers?
To curb digital payment fraud, the RBI has suggested measures such as lagged credit, a trusted person authenticating transactions for vulnerable individuals, prescribing a ceiling for annual aggregate credits in a bank account, and providing customer-induced controls, including a kill switch.
5 min read9 May 2026India plans nationwide drive to curb digital fraud
The Centre aims to combine grassroots outreach with AI-led monitoring, targeting vulnerable users as cybercrime complaints and losses surge.
3 min read21 Apr 2026Mint Explainer | SIM-binding rules get more time—but can they really stop digital fraud?
The government has eased rules and extended deadlines, but doubts persist over whether linking apps to SIM cards tackles the root of digital fraud.
3 min read7 Apr 2026Mint Explainer | Will RBI’s two-factor authentication rule curb digital fraud?
Mandatory dual authentication from 1 April aims to plug gaps in PIN- and OTP-based systems as digital frauds surge.
2 min read31 Mar 2026AI voice cloning scams: How they trick victims and 6 ways to protect your money and privacy
AI voice cloning scams use realistic voices to trick victims into sharing sensitive information, causing financial loss, highlighting the urgent need for vigilance, secure practices, and careful digital behaviour.
3 min read24 Mar 2026Sanchar Saathi: Jyotiraditya Scindia touts 20 crore user base, massive fraud crackdown amid row; ‘public trust rising’
Sanchar Saathi: Union Minister Jyotiraditya Scindia touted the new fraud crackdown and digital protection application's achievement of acquiring more than 20 crore users amid the row. Check what Sanchar Saathi is, and whether the users will be able to opt out of it.
2 min read2 Dec 2025Wait for it…
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