Online Banking Frauds in India

With the significant rise in the use of digital systems over the years, cybercriminals have swarmed the internet to perform online crimes such as data fraud, theft as well as hacking and the banking sector is also not out of their reach.

To make unlawful transactions, such cybercriminals attack online banking services, credit/debit/ATM cards, payment portals, and other net banking approaches. Over the years, cybersecurity experts have been noticing one major factor—cybercriminals are becoming more sophisticated, which is making it harder for organisations to defend themselves from such attacks.