Cy­ber fraud in banks

SP's MAI - - INTERNAL SECURITY -

The de­tails fur­nished by the Re­serve Bank of In­dia (RBI) in re­spect of Sched­uled Com­mer­cial Banks per­tain­ing to frauds re­lat­ing to ATMs/debit cards/ In­ter­net bank­ing and credit cards has been in­creas­ing in ru­pee terms. In 2010, the num­ber of cases re­ported was 15,018 and the amount in­volved was about ` 40 crore; in 2011 the cases re­ported were 9,588 and the amount of loss was about ` 37 crore and in 2012 the num­ber of cases came down to 8,322 but the amount in­volved in­creased to nearly ` 53 crore.

RBI has in­formed that it does not have data on cy­ber frauds in the pub­lic sec­tor banks that have turned into non-per­form­ing as­sets.

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