In 92 days, India lost Rs 128 crore in card, online fraud

Just 92 days between Oct 1, 2019 and Dec 31, 2019, saw cybercriminals make away with nearly Rs 128 crore in frauds relating to debit and credit cards and net banking. Banks reported 6 cases every minute, to record a whopping 21,041 cases in the quarter ending Dec 31. As per RBI, the highest number of such frauds in the said period have been reported in the ATM/debit card category.

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