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GenAI reshaping fraud prevention strategies in India- Experian Insight report

GenAI reshaping fraud prevention strategies in India- Experian Insight report

by AIP Online Bureau | Mar 19, 2025 | Articles, Eco/Invest/Demography, Risk Management, Technology, Workplace/Employee Benefits

Shail Deep, Chief Operating Officer (COO), Experian EMEA & APAC The report identifies a notable shift from individual fraudsters to highly organized fraud syndicates, a trend intensified by the advent of GenAI. 85% of businesses in India agree that GenAI has...

59% of Indian companies suffered financial fraud in 24 months, PwC report

by AIP Online Bureau | Dec 18, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Puneet Garkhel, Partner and Leader, Forensic Services, PwC India, commented, ‘In our 2022 survey, customer fraud led the list, reported by 47 per cent of companies. However, this year’s findings reveal a shift with procurement fraud now emerging as the...
Billionaire Gautam Adani indicted in US for bribery and  fraud

Billionaire Gautam Adani indicted in US for bribery and fraud

by AIP Online Bureau | Nov 21, 2024 | Indian News, Risk Management

Gautam Adani, chairman and founder, Adani Group However, Adani group on Thursday denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws....
Fraud detection system saves public assets worth Rs 2,500 cr: Scindia

Fraud detection system saves public assets worth Rs 2,500 cr: Scindia

by AIP Online Bureau | Nov 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Jyotiraditya Scindia, Union Minister for Communications “In terms of the number of marketing calls you get in your phone, the number of fraud calls that come in, we have put in place a full system to be able to tackle that. Our DoT fraud detection network has...

Truecaller partners with HDFC ERGO for Fraud Insurance in India

by AIP Online Bureau | Jun 27, 2024 | Indian News, Non-Life, Reinsurance, Technology

Alan Mamedi, CEO, Truecaller commented, “Despite offering the world’s best caller identification and fraud protection services, some of our users unfortunately can become victims of criminal fraud. We want to be able to offer peace of mind by protecting...
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