by AIP Online Bureau | May 28, 2024 | Data, Regulation, Risk Management, Technology
The Department of Telecom (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken decisive action to protect citizens from potential SMS fraud through the Sanchar Saathi initiative, it said NEW DELHI: In a major crackdown on SMS scammers, the...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
The findings underscore the vulnerability of millions of traders to the risks of price manipulation in this segment due to fewer compliance requirements. They also highlight the limitation of regulatory warnings aimed at curbing enthusiasm for tiny IPOs in India,...
by AIP Online Bureau | May 12, 2024 | Banking & Bancassurance, International News, Non-Life, Reinsurance
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
by AIP Online Bureau | Apr 14, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology
During 2023, as many as 11,28,265 cases of financial cyber fraud worth Rs 7,488.63 crore were reported, as per the data compiled by National Crime Records Bureau (NCRB) To strengthen the mechanism to deal with cyber crimes in a comprehensive and coordinated manner,...
by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
Union IT and Communications Minister Ashwini Vaishnaw said that through digital measures to check fraud and crime, the Department of Telecom Services has been able to help citizens save around Rs 1,000 crore in the last nine months and Rs 1,008 crore has been frozen...
