Net banking fraud tops cyber crime in Pune

Source: National Cyber Security – Produced By Gregory Evans

PUNE: Net banking and email frauds top the list of crimes registered by the Pune cyber cell this year. The total number of cyber complaints till August this year has already crossed the 199 mark. Last year, 350 complaints were registered while the number of cases was above 200 in 2012 and 2013 each. Till last year, lottery and Facebook related crimes overshadowed all other crimes. A bank fraud entails compromising net banking credentials while a credit/debit card fraud involves leaking a victim’s card data. Cyber crime expert Anshul Abhang said, “Banks have developed a system which takes 24 hours to transfer money to a new beneficiary added during any netbanking transaction. Meanwhile, an SMS is sent to the account holder conforming the addition of new beneficiary. If it is a transaction he is unaware of, he can immediately alert the bank.” Abhang said that most net banking frauds happen because users respond to phishing emails sent from fake email addresses. “The sender of email asks the account holder to update his credentials by clicking on a link, which then takes him to a fake website,” he said. The cyber cell data shows that the number of lottery frauds this […]

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