by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
by AIP Online Bureau | May 2, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
Sanjay Malhotra,Revenue Secretary, Ministry of Finance The meeting is also scheduled to discuss ways to reach out to the mastermind of GST fraud by following the money trail, sources added. To identify risky taxpayers suspected of passing or availing fake ITC, tax...
by AIP Online Bureau | Feb 3, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
In case of financial cyber frauds, members of public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930) Mumbai: In the wake of continuing incidents/ reports of customers...
by AIP Online Bureau | Oct 15, 2023 | Data, Risk Management, Technology
Airlines are a high-profile target for fraudsters, whether it be attempts to use stolen credit cards on our websites, to fraudulently claim frequent flier miles, or other scams, Wilson said Mumbai: Full-service carrier Air India has prevented revenue loss of over Rs 3...
by AIP Online Bureau | Aug 12, 2023 | Health, Indian News, Policy
The anti-fraud structure under the scheme has National Anti-Fraud Unit at the central level, followed by State Anti-Fraud Units. NHA uses Artificial Intelligence (AI) and Machine Learning (ML) technologies to detect suspicious transactions or potential frauds under...
