Banking Frauds

Smishing is alternate to Phishing

What is Smishing? Smishing stands for ‘SMS phishing’. Just like email phishing, SMS phishing is an attempt at a security attack in which the phone user is tricked...

Growing NPA is a boon in disguise for Certified Bank Forensic Auditors

Certified Bank Forensic Accountants are in the best position to take the advantage of the growing NPA situation post covid.

Equitable Mortgage Frauds in Indian Banks

In recent years, India has witnessed a sharp increase in the number of fraudulent activities involving equitable mortgages. Equitable mortgages are a form of...

Pre-disbursement Due Diligence

Recent headlines around rising Non Performing Assets (NPAs) in India have brought a myriad of challenges faced by banks and financial institutions into the...

A critical analysis of Banking Codes and Standards (BCSBI)

The first thought a common Indian gets seeing BCSBI words are? Is this some new subsidiary or part of the SBI group? Sadly, this...

RFID card would open new avenues for fraudsters in India

Credit Card Frauds in India have evolved a lot. Black Card Forensics which mentioned a significant amount of credit card frauds recently released its...

Fixed Deposit fraud in Nationalised Banks

Ministry of Finance ordered the forensic audits in cases of the fixed deposit fraud in Dena Bank and Oriental Bank of Commerce. Apart from the...

Co-operative bank frauds rise to Rs.727 crores

National Bank for Agriculture and Rural Development (NABARD) has pulled up regional rural banks, state and district cooperative banks for substantial rise in value of frauds. Present...

India loses more than 17000 crores to bank frauds

Indian banks have lost more than 17000 crores to frauds in more than 26000 instances of frauds reported in the year 2012-13. Report published...

Lloyds considering action against KPMG

Lloyds banking group is considering legal action against KPMG in HBOS Bank Audit. Accountancy giant KPMG in the UK is under scanner over the...
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