As digital pay opens up, so do banking frauds
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Synopsis
Last year around this time, a Singapore-based cybersecurity firm Group-IB had flagged that nearly 1.3 million debit and credit card data of Indian banks are on sale for a whopping $130 million.
By Atmadip Ray, ET Bureau
7 mins read,
Kolkata: Last year around this time, a Singapore-based cyber security firm Group-IB had flagged that nearly 1.3 million debit and credit card data of Indian banks are on sale for a whopping $130 million. That prompted Reserve Bank of India (RBI) to order banks to disable and re-issue debit and credit cards. During the last financial year, 39 banks were put through IT examinations to assess their level of cyber security preparedness and degree of
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