Cyber Fraud On The Rise, Up 25% Warns RBI

New Delhi: The number of cyber frauds involving financial transactions in India increased by about 25 per cent to 16,468 cases in 2015-16 from a year ago, Parliament was informed today. "...as per the data made available by Reserve Bank of India (RBI), 9,500, 13,083 and 16,468 cases related to Cyber Frauds (ATM/ Debit Card, Credit Card & Net Banking frauds) were reported by the banks during 2013-14, 2014-15 and 2015-16, respectively...