Frauds
Supreme Court orders RBI, DoT to create compensation framework for digital arrest victims — Details here
The Supreme Court ordered the Reserve Bank of India, the Department of Telecom and other authorities to hold a joint meeting to create a compensation framework for victims of digital arrest fraud. Here's what the apex court said.
1 min read9 Feb 2026Another octogenarian loses ₹96 lakh in a ‘digital arrest’ case: How to stay clear of such frauds?
A Delhi-based octogenarian couple lost their life savings and even took gold loan to pay to the fraudsters posing as CBI officials
2 min read13 Jan 2026RBI governor Malhotra urges banks to collaborate to curb rising digital frauds
Governor Sanjay Malhotra has called for shared analytics and AI tools to detect mule accounts, as the central bank pushes for near real-time supervision and lighter penalties.
2 min read9 Jan 2026₹52,976,00,00,000 lost to cyber frauds in India in 6 years, says report – shocking numbers explained
A staggering ₹52,976 crore has been lost to cyber frauds in India over the past six years. The Indian Cyber Crime Coordination Centre reports a surge in financial crimes, with investment traps and online scams leading the way. Discover the alarming trends and state-by-state breakdown of losses.
2 min read3 Jan 2026RBI report: Fewer bank frauds, bigger losses
At the end of September, banks reported a total of 5,092 frauds, lower than 18,386 frauds a year ago, but the value rose to ₹21,515 crore from ₹16,569 crore during April-September.
3 min read29 Dec 2025Sanchar 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 2025₹55 lakh gone! Trinamool MP Kalyan Banerjee falls prey to cyber fraud; SBI files complaint
₹55 lakh gone! Trinamool MP Kalyan Banerjee became a victim of a cyber fraud where scamsters embezzled lakhs from his dormant account. SBI filed a complaint with the Kolkata Police's cyber division over the scam.
2 min read7 Nov 2025Trust your customer: India's financial system should give us what we need to protect our money
In the digital age, financial literacy goes beyond just knowing how to manage money. We must know how to protect it from cyber attacks. As these threats rise, the financial system’s resilience will depend on giving people real visibility, control and the means to defend their own savings.
4 min read6 Nov 2025Zerodha 'scam'? CEO Nithin Kamath clarifies on ₹5-crore withdrawal limit amid allegations
A social-media post alleging that Zerodha, one of India’s largest stockbrokers, was preventing a client from withdrawing funds went viral, prompting CEO and co-founder Nithin Kamath to step in and clarify the firm’s policies.
2 min read4 Nov 2025Digital frauds increasingly becoming problem, says RBI Gov Malhotra, urges fintech firms to design easy to use product
RBI Governor Sanjay Malhotra, speaking at the Global Fintech Fest 2025 on Wednesday, 8 October 2025, stated that digital fraud in India is becoming a significant problem for the nation. Governor Malhotra also urged fintech firms to design an easy-to-use product for the people of the country.
2 min read8 Oct 2025