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After the demonetization the digital transactions have been enforced to people everywhere. The base extension for the fraud transaction was evolved with a mouse click, increasing the scope of liabilities. The latest threat to come to light is the presence of fake banking apps on the Google Play store that may have compromised the data of nearly 160,000 people, Global IT security company Sophos Labs said on Oct. 22. The bogus apps of several Indian lenders made their way to the Google Play store in the last few months.
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Online banking has become the standard -- and most users feel secure when transferring money online. But new and improved hacker tricks pose a threat even for experienced users. Sep 16, 2024 3:30 am PDT Bank customers who fall victim to cybercrime through phishing or other fraudulent methods are not only harmed in terms of the psychological stress and often onerous process of reversing the damage, but can even find it difficult to get their money back. Meanwhile, the scams used by cyber
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Crypto for Innovation | Michael Morell | Apr 6, 2021 Preface Today, the rapid adoption of blockchain technologies, and the cryptocurrencies they support, are on their way to revolutionizing global financial and payment systems. And, as expected, we are beginning to see a balancing between innovators and regulators, with prominent voices weighing in— some touting
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The banking industry, like any other service industry, focuses on the delivery of efficient services to customers at the lowest cost possible. There are innumerable banking institutions in the UK in addition to other finance institutions. Each of them is keen on outdoing the rest in order to maintain its market share and for the […]
The present-day banking has turned technology-driven, and without technology, many innovative services would not reach people, Usha Menon, General Manager - IT, Central Bank of India.
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