Hundreds of crores of rupees lost in card payment, internet banking frauds in just 3 months

In frauds related to debit cards, credit cards, and internet banking, Rs 129 crore has been lost in just three months to December 2019. A total number of 21,041 such cases were registered in these three months, Anurag Thakur, MoS, Ministry of Finance said in a reply to a question in Lok Sabha. Out of the total loss, Rs 85 crore was lost in a single month of October 2019. The maximum cases were reported in the cases related to ATM or debit card transactions, which is still one of the most common and convenient ways of payment available in the market.