scorecardresearchBanking frauds of over ₹100 crore see significant decline in FY'22

Banking frauds of over 100 crore see significant decline in FY'22

Updated: 03 Jul 2022, 11:35 AM IST
TL;DR.
According to official data, the number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21.
The cyber fraud gang members took One Time Password (OTP) and other details from the victims posing as bank employees. (Representative Image)

The cyber fraud gang members took One Time Password (OTP) and other details from the victims posing as bank employees. (Representative Image)