by AIP Online Bureau | Jul 3, 2025 | Banking & Bancassurance, Indian News, Regulation, Technology
Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud New Delhi: The Reserve Bank of India has advised all banks...
by AIP Online Bureau | May 25, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology
“Given the recent alarming rise in phishing attempts and malicious URL-based scams targeting unsuspecting individuals, it became evident that more coordinated industry action was needed. These sophisticated fraud schemes often exploit the gaps in coordination...
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...
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...
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....
