04-01-2016, 07:44 PM
E-wallets: The new playing ground for cyber criminals
E-wallets, a facility introduced by banks to park money for commercial transactions, is now the new target for cyber criminals. In the recent months, at least five fresh cases involving transfer of fraudulent money to e-wallets having been registered by Mumbai police. An e-wallet user doesn’t need to furnish debit or credit card details every time amongst other things.
Usually, after defrauding a person, cyber criminals transfer the money to bank accounts in the name of fictional people. “To create a fake bank account, one needs to create fake documents and submit them to the bank following which an account is created. This too can hardly be used a few times before a new account is created,” a police officer said.
With some banks, one only needs an email address or Facebook details to log in and create an e-wallet. “This is much more simpler than creating false documents,” the officer said.
DCP (cyber crime) M Raj Kumar said, “We have received some cases in the past few months where money obtained fraudulently like online fraud or debit/credit card fraud has been transferred to e-wallets. This facility, however, comes with a cash limit and hence, used mostly in cases involving smaller amounts.”
Vicky Shah, cyber expert, said that creating a fake account on e-wallet is definitely more simpler and banks should ensure that there are proper security measures in place so that this system is not misused. An officer from the cyber police station said that in some cases, when they approached banks post the fraud, the employees themselves did not have much clarity about how the e-wallet system worked.
Responding to a questionnaire sent to the State Bank Of India regarding security measures followed by banks in case of e-wallets, a spokesperson said, “Fraudsters use the wallet as a conduit to make the fraud using some of the already compromised details of the customer’s debit card/internet banking credentials. SBI is committed to end this fraud completely with a mix of preventive (at the source i.e. debit card/internet banking credentials) and corrective measures (at the wallet).”
When asked about identity proof required to set up an e-wallet, the spokesperson said, “Customer account opening is done with proper validation of KYC (Know Your Customer) details as specified by the Reserve Bank of India. The customer has to provide a valid identity and address proof for the account to be opened. The list of KYC documents is standard and followed strictly by SBI.” Questionnaires sent to private banks didn’t get a response.
E-wallets, a facility introduced by banks to park money for commercial transactions, is now the new target for cyber criminals. In the recent months, at least five fresh cases involving transfer of fraudulent money to e-wallets having been registered by Mumbai police. An e-wallet user doesn’t need to furnish debit or credit card details every time amongst other things.
Usually, after defrauding a person, cyber criminals transfer the money to bank accounts in the name of fictional people. “To create a fake bank account, one needs to create fake documents and submit them to the bank following which an account is created. This too can hardly be used a few times before a new account is created,” a police officer said.
With some banks, one only needs an email address or Facebook details to log in and create an e-wallet. “This is much more simpler than creating false documents,” the officer said.
DCP (cyber crime) M Raj Kumar said, “We have received some cases in the past few months where money obtained fraudulently like online fraud or debit/credit card fraud has been transferred to e-wallets. This facility, however, comes with a cash limit and hence, used mostly in cases involving smaller amounts.”
Vicky Shah, cyber expert, said that creating a fake account on e-wallet is definitely more simpler and banks should ensure that there are proper security measures in place so that this system is not misused. An officer from the cyber police station said that in some cases, when they approached banks post the fraud, the employees themselves did not have much clarity about how the e-wallet system worked.
Responding to a questionnaire sent to the State Bank Of India regarding security measures followed by banks in case of e-wallets, a spokesperson said, “Fraudsters use the wallet as a conduit to make the fraud using some of the already compromised details of the customer’s debit card/internet banking credentials. SBI is committed to end this fraud completely with a mix of preventive (at the source i.e. debit card/internet banking credentials) and corrective measures (at the wallet).”
When asked about identity proof required to set up an e-wallet, the spokesperson said, “Customer account opening is done with proper validation of KYC (Know Your Customer) details as specified by the Reserve Bank of India. The customer has to provide a valid identity and address proof for the account to be opened. The list of KYC documents is standard and followed strictly by SBI.” Questionnaires sent to private banks didn’t get a response.
Find
|
« Next Oldest | Next Newest »
|
Possibly Related Threads... | |||||
Thread | Author | Replies | Views | Last Post | |
Computers | How to Improve Cyber Security | urpussysucker | 0 | 1,186 |
26-02-2015, 11:57 AM Last Post: urpussysucker |
Computers | Black pin attached to the CPU – CYBER CAFE | rajbr1981 | 0 | 1,236 |
25-08-2014, 05:34 AM Last Post: rajbr1981 |
nani ki bur urdu sexy story in urdu fount telugu buthu stories in telugu script indian aunties armpits prone videod indian aunty boobs exbii wife exhibitionist pics tamilakkapundaixxx adalt picture sex stories blackmail sexy sotrey mallu pics gallery desi sult choti read marathi erotic stories incest kahaniyan sexy big navel sridevi sex stories meri sexy mami armpit hairy porn mastram sex hindi stories sex in sarees kerala lesbian stories telugu sex stories in telugu language juhi chawla sex story telugu real sex story sister inlaw fucked lund or choot kannada sexy storys incest sex chat desi aunties in sexy saree hindi sez new urdu font sex stories xxx mms video baji ny meri phuddi k hair saaf kiya desi aunty peeing sexiest aunty pics urdu sex novel sizzling aunties Nach 2 mara ayo ra pasino ac ra kamara la mai chodu la video desi hindi kahaniya amma otha magan balatkar hindi sex story breast feeding sex stories real telugu sex kathalu aunties navel breast feeding sex stories लाँड़ hindi balatkar stories hindi se stori kareena ki gand exbii big aunty desibabes amazing indian xossip boor wali sexy stories urdo adult hindi comics tamilsex pictures naughty desi aunty auntys armpits balatkar pictures andhra boobs telugu sex stories more romantic stories in hindi hinde sax stori desi girls in bikinis latha sex stories big ass namitha bhai bahan ki sex stories kali gaand kaamwali bai pics sasur sexy story lncest sex videos desi seduce the sex story in hindi tamil aunty images pooku jila sona aunty hot picture saree hotties amazing indians on exbii xxx filems desi lund picture desi nude collection free marathi chavat goshti urdu font hot story Imagsbhabi