Banking security – Securitydive

4.5 lakh ‘mule’ Bank accounts used in cyber fraud schemes Freezed in many Public sector Banks in India

admin1 month ago03 mins

As per the data, around 40,000 mule bank accounts were detected in branches of SBI; 10,000 in Punjab National Bank (including Oriental Bank of Commerce and United Bank of India); 7,000 in Canara Bank (including Syndicate Bank); 6,000 in Kotak Mahindra Bank; and 5,000 in Airtel Payments Bank. The Centre has frozen around 4.5 lakh…

Escrow Accounts of a Company Hacked,25 crores Siphoned off by Cybercriminals

admin12 months ago03 mins

Hackers infiltrated into escrow bank accounts of a Thane based company, posing as bank executive In a major cybercrime incident that has sent shockwaves through the city, unidentified hackers successfully infiltrated the escrow bank account of a Thane-based company, resulting in a staggering loss of approximately Rs 25 crore. Escrow accounts are majorly held by…