New Delhi24 minutes ago
- Copy link
In the last 3 years, 87.88 crores survived by being a victim of cyber fraud. Out of the amount of only 4 crore 15 lakhs. That is, only 5% of consumers have been able to get back.
The banking system is also being tested for those who are victims of online fraud in cyber space. In the last 3 years, 87.88 crores survived by being a victim of cyber fraud. Out of the amount of only 4 crore 15 lakhs. That is, only 5% of consumers have been able to get back. The remaining amount is a block in the banks waiting for court orders.
According to a parliamentary report on digital payment, at least 10% of the total amount of cyber fraud is caught but it does not get back to the consumer. The officials said that the amount of digital fraud can be refunded only by the court order.
There is also a problem that it is difficult to differentiate between cyber fraud and legitimate payment as fraudsters make a real and fraud transaction. Second, banks and financial institutions are reluctant to remove freeze from the block amount.
According to the report of the Parliamentary Committee, Rs 547 crore in 2021. 3 crore 64 lakhs out of cyber fraud. Banks blocked the amount, but not one of it got back to consumers.
128% increase in cyber fraud incidents in two years
In the last two years, there has been an increase of 128% in the incidence of cyber fraud. In these two years, the amount of cyber fraud increased from 2,296 crore to 5,574 crores. It has been increased by 243%.
Cyber frauds are also growing from the virtual account of banks
Regarding the new models of cyber fraud, a Home Ministry official said in his testimony that the use of virtual accounts of banks in fraud has increased rapidly. Several virtual accounts are opened from banks’ current account or escrow account. Law -implementing agencies have no knowledge of their transactions. These virtual accounts are being used indiscriminately in investment scams and debt scams.
What is virtual account
A person opens an account and creates several virtual accounts on the basis of it and using the finatac company, gives instructions to withdraw or insert money from many accounts. Where the fund is coming from, where is going, it is not known. At present, no system is available to monitor these accounts.
Biometric cloning too
Biometrics cloning in the Aadhaar enabular payment system are cheating. Dummy or rubber fingers are being used.
——————————————–
Read this news related to cybercrime also …
Be careful before merging the call..Frod’s new pattern: thugs are calling by telling friends and relatives of friend-relatives
Cyber frauds in the country are constantly adopting new ways for cheating. After digital arrest, sexuality, the thugs have now adopted call merging scams. The thugs are calling from the unknown number and talking to the people. Then the second call is merged and vacating people’s accounts. Read full news …