OTP Frauds: While contours of the solution is still being worked upon with telcos, SIM location of a customer can be verified real time and matched with the geolocation of delivery of an OTP. Banks also have their own data on customers’ residences. So, capabilities will need to be built to triangulate the data in real time, one of the executives said.
India Business News: India's home ministry, SBI Cards and Payment Services Ltd (SBI Card) along with telecom operators have joined forces to develop a solution to combat c
The cyber criminals confessed that they were involved in collecting bank account details through various means and misused the accounts to carry out fraudulent transactions.
Jabez Samuel, along with his wife and helper, booked an Ola cab for four hours to visit multiple places for personal work but were asked to get down after 4-5 km