Cyber Fraud: Blocking SMS While Making Illegal Transfers

Delhi police have stumbled upon a new modus operandi of e-banking fraudsters in which they first hack the Internet banking account obtaining Internet banking id, passwords and the mobile number. They then get the mobile number blocked to prevent the bank customer from receiving SMS alerts about illegal transactions. In a recent case, two Nigerians were arrested by the staff of south Delhi police for allegedly swindling Rs70 lakh from the bank account of an NRI based in Japan. Police seized three laptops from them containing banking data of around 15 million people. In September 2013, exactly in the same way in Pune, Sanjay Dhande, cyber security member of the National Security Advisory Board was defrauded by more than Rs19 lakh.

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Remittances: NRI Money Pouring In

India has topped the global chart of remittances with a whopping US$71 billion in remittances in 2013, about three times the FDI it received in 2012, according to the World Bank. This money has partly helped cover our large trade deficit.

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Life Insurance: SBI Life Smart Power Insurance

Does the Trigger Fund really work?

SBI Life Smart Power Insurance Plan comes with two...

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