Business News
Over 25,800 online banking fraud cases reported in 2017, says Government
In 2016, 3,156 cases and 4,147 cases were registered in the September and December quarters, respectively.
Over 25,800 fraud cases involving about ₹ 179 crore related to credit/debit cards and Internet Banking were reported in 2017 (up to December 21), Parliament was informed on Friday.
“As per the data provided by Reserve Bank of India (RBI) on frauds related to ATM/Credit/Debit cards and net banking as reported by the banks, 10,220 cases of fraud were reported in the December 2017 quarter (up to December 21),” Information Technology Minister Ravi Shankar Prasad said in a written reply to the Rajya Sabha.
The amount involved was Rs 111.85 crore in the said quarter, he added.
Mr. Prasad said 7,372 cases were reported in September quarter, 5,148 cases in June quarter and 3,077 cases in March quarter of 2017, with the amount involved adding to ₹ 67.13 crore.
In 2016, 3,156 cases and 4,147 cases were registered in the September and December quarters, respectively.
The amount involved — in these two quarter was — ₹ 45.50 crore, the minister said.
As per the state-wise details of frauds involving amount of over ₹ 1 lakh, Maharashtra topped the list of credit/debit card and Internet banking-related frauds in the fiscal 2016-17 with 380 cases involving ₹ 12.10 crore.
Haryana ranked second with 238 cases (₹ 8.27 crore), followed by Karnataka (221 cases worth ₹ 9.16 crore), Tamil Nadu (208 cases worth ₹ 4.38 crore) and Delhi (156 cases worth ₹ 3.43 crore).
