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Mule Account Menace: Lucknow’s local youths fall prey to global cyber fraud network

Mule Account Menace: Lucknow’s local youths fall prey to global cyber fraud network

by AIP Online Bureau | Aug 10, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The funds come from a range of cybercrimes in India: online investment frauds, fake job or task schemes, sextortion, and bogus trading platforms. Victims’ payments are funnelled into mule accounts before disappearing into the blockchain – beyond the...
SBI General launches exclusive Health Insurance branches across Andhra Pradesh and Telangana

SBI General launches exclusive Health Insurance branches across Andhra Pradesh and Telangana

by AIP Online Bureau | Aug 9, 2025 | Banking & Bancassurance, Health, Indian News, Non-Life

L to R-CS Setty, chairman, State Bank of India, Naveen Chandra Jha, MD & CEO of SBI General Insurance at the launch event of SBI General’s exclusive Health Insurance branches across Andhra Pradesh and Telangana in Hyderabad CS Setty, chairman, State Bank of...
Sebi scraps transaction charges for mutual fund distributors

Sebi scraps transaction charges for mutual fund distributors

by AIP Online Bureau | Aug 9, 2025 | Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy

Under the earlier framework, Sebi said distributors were eligible for such charges if they brought in a minimum subscription amount of Rs 10,000.This change is expected to simplify the distributor compensation process while maintaining transparency in the mutual fund...
AI in India:20 jobs likely to be affected — and 20 that may stay safe

AI in India:20 jobs likely to be affected — and 20 that may stay safe

by AIP Online Bureau | Aug 9, 2025 | Facts, Risk Management, Technology, Workplace/Employee Benefits

Jobs that will be most affected by AI: Ticket agents/travel clerks,legal assistants (routine drafting),Telephone operators,Finance/insurance underwriters doing rote tasks,Coders doing repetitive tasks,Junior marketing researchers,Customer service representatives,Basic...
India well-equipped to tackle evolving online harms, cyber crimes: Govt tells Parliament

India well-equipped to tackle evolving online harms, cyber crimes: Govt tells Parliament

by AIP Online Bureau | Aug 9, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Jitin Prasada, Union Minister of State for Electronics and Information Technology The MoS informed that to combat the rising threat of deepfakes and ensure an open, safe, and accountable cyberspace, the Government of India has established a comprehensive legal and...
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