As we enter the International Fraud Awareness Week 2024, its an opportune moment to reflect on the critical issue of insurance fraud along with the collective efforts required to combat it. The general insurance sector is intricately linked to most of the industries, such as infrastructure, automotive, healthcare, agriculture, and …
Read More »DoT combats Cyber-frauds: Central system to stop spoofed calls to be commissioned shortly
In recent times, citizens are receiving many fraudulent calls, often disguised as originating from Indian mobile numbers. These calls are in fact manipulated by cyber-criminals operating from abroad. These criminals exploit the Calling Line Identity (CLI) to mask the actual origin of the calls, which has led to a spate …
Read More »Fraud Detection and Prevention: Strategies for Financial Institutions
In the ever-evolving landscape of financial fraud, cutting edge detection and prevention strategies are crucial for safeguarding assets and maintaining customer trust. This article explores the latest technologies and approaches in fraud detection, emphasising the critical role of AI driven solutions and multilayered security frameworks. Fraud detection and prevention remain …
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