RBI reported over 6,000 cases of credit card & debit card frauds in 2013: Milind Deora

RBI reported over 6,000 cases of credit card & debit card frauds in 2013
The Reserve Bank of India has reported 6,034 cases of frauds involving credit cards and debit cards in 2013, Milind Deora, minister of state for communications and information technology said on Wednesday while answering questions on cyber crimes in Lok Sabha, reported PTI.

He added that in addition to financial frauds, 2,464 cases of hacking were registered during 2012, of which 1,440 cases related to loss to computer resource and 435 cases related to hacking.

As per National Crime Record Bureau data, 259 cases of cheating through cyber forgery and 118 cases of cyber fraud were reported. In response, a total of 749 arrests were made last year, he said.

Addressing the issue of rising number of crimes using fake accounts on various social networking sites, Deora said that it is difficult to disable fake accounts and getting information from social networking sites, most of which are based abroad.

Deora added that the government was conducting awareness campaign on the issue to educate users and was in regular dialogue with the intermediaries including the social networking sites for effective disablement of such content.

Dion Global Solutions Limited

Read more about: rbi, debit card, credit card, fraud
Story first published: Thursday, December 19, 2013, 9:20 [IST]
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