Digital Scams
BlueChip scam: Dubai-based investors fly to lodge complaints in India as Kanpur Police arrest alleged mastermind
BlueChip scam: Dubai-based investors are flying into India to lodge complaints against the alleged mastermind, BlueChip founder Ravindra Nath Soni, who is now under arrest in the custody of Kanpur Police. Here's what happened in the investment scam.
2 min read12 Dec 2025Mint Explainer | What was behind the now-on, now-off Sanchar Saathi decisions
The Centre's order last week to pre-install the Sanchar Saathi cybersecurity app on mobile devices triggered pushback from various quarters. Then, on Wednesday, DoT withdrew the mandatory condition. The core question remains: could the app effectively crack down on digital scams?
5 min read3 Dec 2025India’s crackdown on financial crime set a benchmark, says global watchdog FATF
Financial Action Task Force's latest report showcases India’s success in tracing, freezing, and returning illicit wealth, from massive investment frauds to cryptocurrency-linked scams
2 min read5 Nov 2025Can banks be held liable for digital arrest scams? Top consumer court hears case
With $2.8 mn at stake, three digital arrest victims have approached the NCDRC claiming negligence from banks. While the banks have rejected the claims, the case could set a precedent on whom the liability lies if a user loses money—under threat and coercion from remote scammers.
6 min read14 Jul 2025CBI raids 42 locations across Delhi, UP, Haryana in cybercrime crackdown under Operation Chakra-V
The CBI targeted organised cyber fraudsters linked to 8.5 lakh mule bank accounts in more than 700 branches of various Banks across India.
1 min read26 Jun 2025Massive rise in betting ads: A call for vigilance
ASCI’s recent annual complaints report showed a sharp spike in the rise of illegal offshore betting and gambling ads. From 1,311 in 2023-24 to 3,081 in 2024-25, the number of cases more than doubled. ASCI CEO Manish Kapoor warns of the dangers of gambling platforms if left unchecked.
3 min read23 Jun 2025Zerodha CEO Nithin Kamath's stark warning for investors: ‘Among all, THIS scam claims most victims…’; How to be safe?
Zerodha CEO Nithin Kamath said in a post on ‘X’ today that among all investment scams, the one that has claimed the most victims is the ‘WhatsApp investment scam’.
2 min read30 Apr 2025YouTube, Facebook to WhatsApp: SEBI cautions against THESE four types of fraudulent activities on social media platforms
Stock market fraud has surged in India, with 150,000 victims reported last year. SEBI has issued advisories to protect investors amid a record 130 million trading accounts, as over 400 scams are reported daily, resulting in over $1 billion lost.
2 min read21 Apr 2025The vast and sophisticated global enterprise that is Scam Inc
Online fraud leaves nobody safe
5 min read11 Apr 2025India’s KYC crisis: A bank dedicated to welfare payments could resolve it
Know Your Customer rules have locked out millions of Direct Benefit Transfer beneficiaries. Banks aren’t the villains of this crisis, though. To smoothen welfare payouts, India Post Payments Bank should be put in charge of DBT disbursal.
4 min read3 Mar 2025