37% rural youth sans Internet access: Study
E-wallets, a facility introduced by banks to park money for commercial transactions, is now the new target for cyber criminals. In the recent months, at least five fresh cases involving transfer of fraudulent money to e-wallets having been registered by Mumbai police. An e-wallet user doesn’t need to furnish debit or credit card details every time amongst other things. Usually, after defrauding a person, cyber criminals transfer the money to bank accounts in the name of fictional people. “To create a fake bank account, one needs to create fake documents and submit them to the bank following which an account is created. This too can hardly be used a few times before a new account is created,” a police officer said.
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