OTP Frauds
ATM fraud explained: Types, risks and 5 smart ways to protect your money
Protect your savings from ATM fraud with simple safety measures. Here we explain common ATM scams, their impact on card users, and five effective ways to prevent financial losses while keeping your banking information secure.
3 min read22 Jun 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 2026Mint Explainer | RBI’s digital fraud compensation proposal: Who will get refunds and how it will work
The central bank wants banks, customers and the regulator to share the burden of small-value digital fraud losses.
3 min read8 Mar 2026Mint Explainer: What RBI’s new authentication rules mean for digital payments
Although SMS-based OTPs can be used for digital payment authentication, the RBI wants the payments ecosystem to leverage technological advancements, such as biometrics, app-based tokens, and device-native authentication methods.
5 min read3 Oct 2025Newly proposed OTP rules: A case of regulatory overreach in telecom?
To curb OTP misuse, India’s government has proposed changes in its Telecom Cyber Security Rules. While the intent is fine, it could make compliance difficult and expose users to other risks. We must weigh the likely benefits of a shift against its potential costs.
4 min read29 Jul 2025PNB ATM fraud: Victim wins case against PNB after 10 years. What to do when you lose money in a teller machine?
When fraud or negligence happened because of the bank, customer is entitled to zero liability whether or not the transaction is reported by the customer. And when the loss happened because of the customer's negligence, the customer will bear the entire loss until he reports the transaction.
1 min read11 Apr 2024Wait for it…
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