Explained: Types of payment frauds and what to do if you lose money

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Explained: Types of payment frauds and what to do if you lose money - Business Standard

Quick Summary:

In 2023 alone, over 13,000 cases of financial fraud were recorded, nearly half of which were digital payment fraud (card/internet).

The Indian Cybercrime Coordination Centre (I4C) reported that over the last three years, digital financial frauds have led to staggering losses worth Rs 1.25 lakh crore.

In the absence of a passport, a signed declaration by the customer confirming that they do not hold a passport & were not in the city of fraud must be obtained.