The Cyber Fraud Accumulated in Indian Banking Sectors Abruptly, Whopping down an amount of US$13.7 Million - RBI

The Cyber Fraud Accumulated in Indian Banking Sectors Abruptly, Whopping down an amount of US$13.7 Million - RBI: After the demonetization the digital transactions have been enforced to people everywhere. The base extension for the fraud transaction was evolved with a mouse click, increasing the scope of liabilities. The latest threat to come to light is the presence of fake banking apps on the Google Play store that may have compromised the data of nearly 160,000 people, Global IT security company Sophos Labs said on Oct. 22. The bogus apps of several Indian lenders made their way to the Google Play store in the last few months.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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