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Fraud cases in banking sector rises in first half of FY24: RBI report

Fraud cases in banking sector rises in first half of FY24: RBI report

by AIP Online Bureau | Dec 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

With the adoption of new technology, it said, the risks of cyberattacks, data breaches and operational failures have also increased. Frauds lead to reputational, operational and business risk for banks and undermine customers’ trust in the banking system with...

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