Amazon Is Selling Coconut Shells For Over Rs. 1,300

Amazon Is Selling Coconut Shells For Over Rs. 1,300

Posted On : Wednesday, January 16, 2019, 3:22 PM
Well, this is coconuts! Next time you're about to throw away a coconut shell, you may want to stop and store it carefully instead - because, believe it or not, they are fetching big bucks on the Internet. Indians were recently "shell-shocked" to discover that the humble coconut shell is being sold on e-commerce website Amazon for nearly Rs. 1,300. "This is an actual, real, coconut. Therefore, it may have cracks, dents and imperfections," reads the product description. Rebranded as "Natural coconut shell cups", these shells start at Rs. 1,289 and can even go up to Rs. 2,499!
WhatsApp Scam: Message claiming to offer free plane-tickets is fake!

WhatsApp Scam: Message claiming to offer free plane-tickets is fake!

Posted On : Wednesday, January 16, 2019, 12:53 PM
Recently, a fake message, in the form of a note from Singapore Airlines claiming to offer free plane tickets, started doing rounds on WhatsApp chats across the world. The message directs users to a link, in order to falsely steal their personal information. Now, Singapore Airlines, has, in an official post, advised users to ignore such hoax messages. "Singapore Airlines is giving away Free tickets to celebrate its 70th Anniversary," reads the message, followed by a link, set up to falsely obtain sensitive personal information from users.
Mumbai man dials ‘RBI helpline’ to change demonetised currency, loses Rs 48,000

Mumbai man dials ‘RBI helpline’ to change demonetised currency, loses Rs 48,000

Posted On : Tuesday, January 15, 2019, 5:58 PM
Calling a number that came up as “RBI helpline” after a web search cost a 74-year-old Malad resident Rs.48,000. Last month, while cleaning his home, Vijaykumar Marwa found Rs.7,000 in demonetised currency. Wanting to know how to get it exchanged, Marwa searched for the RBI helpline number on his mobile phone and called one of the fake numbers that showed up. Promising to deposit the notes in the RBI office, the fraudster asked Marwa for his bank details “to deposit the money to the account”. Man obtained credit card details, along with OTP, and within minutes transferred Rs.48,000 from Marwa’s bank account.
Cybercrime in Karnataka rises 9-fold in just six years

Cybercrime in Karnataka rises 9-fold in just six years

Posted On : Monday, January 14, 2019, 5:48 PM
From 612 complaints in 2013 to around 5,700 complaints by the end of 2018, the number of cyber crime cases in the state has increased nine-fold in the last six years. However, an analysis of the cases between 2013 and 2015 shows that 62.9 percent of them remain undetected. In order to address the issue, the police have decided to introduce dedicated Cyber, Economic and Narcotics (CEN) stations across the state. Though the tech city of Bengaluru is the hub of cybercrime in the state, cities like Mangaluru, Hubballi, and Shivamogga are also witnessing an annual increase in the number of these crimes reported.
WhatsApp Working on Fingerprint Authentication for Chats on Android: Report

WhatsApp Working on Fingerprint Authentication for Chats on Android: Report

Posted On : Wednesday, January 9, 2019, 6:48 PM
Facebook-owned WhatsApp is reportedly working on a fingerprint authentication feature to protect its users' chats from being seen by others. The authentication, once enabled, will be required for users to open the app. According to WABetaInfo, a fan site that tests new WhatsApp features early, the feature is current under development, and disabled by default in the Android 2.19.3 beta version. "After working to implement Face ID and Touch ID features on iOS (that aren't available yet for development reasons), WhatsApp has finally started to work on the Authentication feature on Android, using your Fingerprint!" said the report on Tuesday.
Manipal group’s DGM arrested on fraud charge

Manipal group’s DGM arrested on fraud charge

Posted On : Wednesday, January 9, 2019, 6:21 PM
The Deputy General Manager (Finance) of Manipal Education and Medical Group in Bengaluru has been arrested for siphoning over Rs 62 crore from the company’s account with the help of his wife and a former colleague. According to the police, Sandeep, who had been with the group since the age of 23, had earned the trust of his chairman Ranjan Pai and his wife Shruthi Pai. He was authorised to oversee online cash transactions on behalf of the company.
Jharkhand helps Karnataka police tackle cyber crime

Jharkhand helps Karnataka police tackle cyber crime

Posted On : Friday, January 4, 2019, 6:47 PM
With the number of cases of people falling prey to callers who claim to be bank executives increasing in Bengaluru, the Jharkhand police have extended their support to the state police in tackling cyber crimes. The investigation into many cybercrime cases by the city police have pointed to the involvement of con-callers from Jamtara district, Jharkhand, which is known as a hotspot for cyber crimes. The callers get the one-time password sent from the bank to its customers by misleading victims by claiming that their debit/credit cards will expire and that it needs to be upgraded.
Indian banks record spike in cyber fraud cases

Indian banks record spike in cyber fraud cases

Posted On : Friday, January 4, 2019, 1:26 PM
With the rise in digital transactions and their spread to the interiors of the country, cyber frauds at banks too are on the rise. The volume of cyber fraud at banks has doubled in a year. In 2017-18, cyber frauds at banks saw a big spike over the previous year. According to a report by the Reserve Bank of India, a total of 2,059 cases of cyber fraud were reported in 2017-18 amounting to Rs 109.6 crore. The number of cyber fraud cases in 2016-17 was 1,372 amounting to Rs 42.3 crore. Spike in cyber frauds is bigger than most other types of bank frauds.
IT raids top Sandalwood stars, producers

IT raids top Sandalwood stars, producers

Posted On : Thursday, January 3, 2019, 2:32 PM
The income tax department carried out raids on two top Kannada film stars and three movie producers on Thursday, officials said. Those raided include Shivarajkumar and Puneet Rajkumar, sons of Kannada thespian late Rajkumar, and leading producer Rockline Venkatesh, the IT officials said. The raids began in the morning across 23 locations in Karnataka with teams comprising around 200 sleuths in total involved in the exercise, the officials said.
Companies failing to comply with Aadhaar Act norms may be liable for up to Rs 1 crore fine

Companies failing to comply with Aadhaar Act norms may be liable for up to Rs 1 crore fine

Posted On : Wednesday, January 2, 2019, 6:53 PM
The government has proposed a penalty of up to Rs 1 crore on entities that violate the provisions of the Aadhaar Act, with an additional fine of up to Rs 10 lakh per day in case of continuous non-compliance, sources said. Amid privacy concerns over Aadhaar, amendments have been planned in the Act, under which the government also proposes to arm the Unique Identification Authority of India (UIDAI) with more powers, similar to that of regulators, sources said. The Aadhaar Act, at present, does not empower the body to take enforcement action against errant entities in the Aadhaar ecosystem.
Banks lost Rs 41,167 crore to fraud in 2017-18: RBI

Banks lost Rs 41,167 crore to fraud in 2017-18: RBI

Posted On : Monday, December 31, 2018, 2:26 PM
Fraudsters have looted Rs 41,167.7 crore from the banking system in 2017-18, a sharp jump of 72% from Rs 23,933 crore the previous year, despite “stringent monitoring and vigilance”, according to data released by the Reserve Bank of India (RBI). There were 5,917 instances of bank fraud in 2017-18 as against 5,076 cases the previous year, show the data released Friday. The instances of fraud have been rising over the last four years — by four times from Rs 10,170 crore in 2013-14.
RBI to set up compliance portal to track cyber fraud

RBI to set up compliance portal to track cyber fraud

Posted On : Saturday, December 29, 2018, 1:24 PM
RBI would set up a compliance and tracking system portal to tackle the proliferation of cyber-fraud and seeks to establish a better redressal mechanism for consumers. With digital transactions gaining traction, RBI’s customer-protection measures are seen as a bid to promote and improve confidence in the digital channel. This will support the government's objective of creating a ‘less-cash’ economy. “The Reserve Bank is actively engaged in improving customer service in banks by addressing existing inadequacies and the need to benchmark it against international standards in order to instill timeliness and quality by harnessing technological developments and appropriate incentives to facilitate change,” apex bank said.
Rising cyber pitfalls

Rising cyber pitfalls

Posted On : Friday, December 28, 2018, 5:31 PM
Despite measures to tackle crimes, cyber-related fraud continues to haunt the public. At least 439 debit and credit cards were reported in the city in 2018, twice more than the number reported in 2017. This has put the police on their toes as in 2016, only 199 cases were reported. “The cyber cell in the city receives at least 50-100 complaints per day,” said Manikandan, Sub Inspector cyber cell. Apart from cases of fraud, abuse via social media handles has also doubled this year. While the cyber police registered 65 complaints in 2017, an year later it has risen to 145.
Conman arrested for cheating youths of Rs 15 lakh by promising jobs in Canada

Conman arrested for cheating youths of Rs 15 lakh by promising jobs in Canada

Posted On : Friday, December 28, 2018, 2:53 PM
A 31-year-old man, who cheated several youths by promising them jobs in Canada, was arrested. The city police identified him as P Umamaheswaran of KV Kuppam. “He met Deepan Balaji of Podanur, who was working in a shop in a mall in the city a few-months ago and told him that he was working in a hotel in Canada and drawing good salary. He boasted of contacts in the hotel industry there and promised to get jobs for Balaji and his friends. Believed his words, Balaji gave him lakhs of rupees and introduced his five friends. They paid Rs.15lakh for jobs,” a police officer said.
20 online fraud cases registered this year

20 online fraud cases registered this year

Posted On : Friday, December 28, 2018, 12:38 PM
As festive season has kicked in, more and more people are choosing to shop online to avail offers. However, cyber crime police says that cases of fraud related to online shopping have also started pouring in. In 2018, at least 20 cases of online shopping fraud and phishing have been recorded. “After online shopping, victims get a call saying they have won a lucky draw or coupon. The offender has details about the purchase and pretends to be from the shopping portal. Falling in the trap, the victims transfer money to individual accounts and get duped,” said S Harinath.