Card, Internet Transactions Accounted For 80.6% Frauds In Fiscal 2024: RBI Annual Report
Frauds have occurred mostly in the category of digital payments and card/internet transactions and accounted for 80.6% of frauds in fiscal 2024, according to Reserve Bank of India’s annual report. Total number of these frauds was up more than four times year-on-year and stood at 29,082 during the period. However, the amount involved in them …