Financial Fraud
Latest news, explainers and analysis on Financial Fraud. Tracking 8 stories on Arth Vani.
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Latest on Financial Fraud
BreakingPoonam Dhillon Denies ₹90 Lakh CINTAA FD Fraud Allegations by Upasana Singh, Nagma
Veteran actress Poonam Dhillon has vehemently denied allegations of a ₹90 lakh fixed deposit fraud within CINTAA, the Cine & TV Artistes' Association. Accusations were made by actresses Upasana Singh and Nagma against former office bearers, including Dhillon. Dhillon asserts that not a single rupee was misappropriated during her tenure.
BreakingAlleged SBI Data Breach: Hackers Claim Access to 3.75 Lakh Customer Accounts
An alleged data breach at State Bank of India (SBI) is under scrutiny, with hackers claiming to have accessed data from 3.75 lakh customer accounts. While the claims are currently unverified, experts warn that if proven true, the exposed information could lead to serious financial fraud and identity theft for affected individuals. Customers are advised to remain vigilant regarding their bank accounts and personal information.
IPOBreakingDoctor Loses ₹3.52 Crore in IPO Scam, Highlights Investor Fraud Risk
An Indian doctor has reportedly lost a significant sum of ₹3.52 crore in an Initial Public Offering (IPO) scam, as highlighted by The Times of India. This incident underscores the escalating threat of financial fraud targeting retail investors in the Indian markets.
BreakingIndian Borrowers Alerted to Rising Personal Loan Scams: Watch for Red Flags
Financial experts are warning Indian borrowers about the increasing threat of personal loan scams, urging vigilance against fraudulent schemes. These scams often target individuals seeking quick financing, leading to significant financial losses if red flags are ignored. Awareness of common deceptive tactics is crucial for safeguarding personal finances.
Ransomware Attack Strikes US Core Banking Tech Provider Jack Henry
US core banking technology vendor Jack Henry has reportedly been targeted by a ransomware attack. The incident impacts a company that provides critical software infrastructure to numerous financial institutions. This development highlights the escalating cybersecurity threats faced by the global financial sector.
BreakingOver Half of UK Individuals Lost Money Following Social Media Financial Advice: Survey
A TSB survey reported by Finextra reveals that over half of British individuals who acted on financial advice found on social media ended up losing money. This highlights the significant risks associated with unregulated financial recommendations shared on online platforms.
BreakingBeware: Agents May Misuse Health Insurance Portability for Personal Gain
While health insurance portability allows you to switch insurers and retain crucial benefits like waiting periods and no-claim bonuses, consumers must be cautious. Issues are emerging where insurance agents are reportedly misusing this process, often for their own profit, potentially at the policyholder's expense.
New LaunchBreakingBanks Propose 'Yes-No' Prompts for High-Risk UPI Transfers to Combat Fraud
Indian banks have proposed introducing a 'Yes-No' prompt for suspicious UPI transactions to enhance security against digital payment frauds. The Reserve Bank of India (RBI) is currently evaluating these suggestions as part of developing new guidelines to protect users while maintaining payment convenience.
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