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Government has begun discussions with WhatsApp after the messaging app banned a high number of Indian accounts, raising concerns over the continued misuse of Indian mobile numbers for online fraud. According to people familiar with the matter, WhatsApp has been blocking an average of 9.8 million Indian accounts every month until October this year for…
Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….
KOLKATA: Kolkata-based industrialist Pawan Ruia, once known as the “turnaround tycoon” who would buy sick companies in a bid to make them profitable, has been named along with his kin in a cyber fraud case involving 148 shell companies that were allegedly used to park Rs 317 crore in illegal proceeds of online crime. Bengal…
