RBI – Fraud cases are increasing rapidly in the country. Let us tell you that recently the central bank RBI has released a report. According to which private sector banks are becoming the biggest victims of fraud. According to a report, bank fraud cases have increased to 14,483 in just the first half of this financial year.
Fraud cases are still increasing rapidly in the country. Central bank RBI has released a report. According to which private sector banks are becoming the biggest victims of fraud. Only bank fraud cases increased by three percent. However, there is some relief that even though the cases of fraud are increasing, there has been a decrease in the amount being trapped.
The figures of fraud revealed in the RBI report-
In just the first half of this financial year, bank fraud cases increased to 14,483. Compared to last year, the amount involved in this fraud figures is only 14.9 percent. RBI said in its report that the security of payment system and banking system will have to be further increased. So that cyber fraud can be prevented.
Fraud of Rs 17,685 crore-
In the first half of this financial year i.e. between April and September alone, 14,483 crore cases were reported. In which fraud of Rs 2,642 crore took place. A year ago, 5,396 cases were reported during this period. In which there was a total fraud of Rs 17,685 crore.
Bad effect on banks-
Whichever bank becomes a victim of cyber fraud. Their credibility declines. Besides this, their work is also adversely affected. Due to which customers’ trust in the bank decreases. The total cases of fraud with banks reached a six-year low in the financial year 2022-23. Not only this, the amount involved in fraud is also the lowest in the last decade.
Increase in these cases-
The cases of fraud through internet and card increased in the last financial year. Due to the advent of new technologies, new risks are also increasing. Which includes the risk of data tampering, cyber attacks as well as business disruption.
Support of AI-
Banks are also taking the help of AI to prevent fraud cases. Along with this, new features are being introduced with the help of AI to provide better facilities to the customers and to further improve their experiences.
