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Beware! Cyber crimes growing at CAGR of 107%

January 20, 201522 CommentsDaily NewsBy wp-admin

Reserve Bank of India in November 2014 issued a warning to the public about a new form of fraud perpetrated in its name; it being a credit card issued by fraudsters in the name of “Reserve Bank”.

Describing the modus operandi of fraudsters, RBI said, “the gullible member of the public is sent a credit card which allows withdrawal of money up to a certain limit, albeit a small sum, from a bank account. Having gained the confidence of the victim thus, the fraudster gets him to
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