<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The Finance Ministry today informed that more than 2.13 Lakh cases of cyber fraud have been reported in the country during the last three financial years. In a written reply to the Lok Sabha Minister of State for Finance Dr. Bhagwat Karad said, from 2019-20 to 2021-22 more than 731 crore rupees were duped in cases of cyber fraud which included Credit and Debit Card swapping, cloning, and hacking cases of Internet banking.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">He said in order to prevent card and online frauds RBI has issued various instructions for security arrangements at ATMs, SIM Swap Frauds, loan frauds through the mobile application, and hacking of customer-related information from the bank's server.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>
News On AIR | March 27, 2023 2:13 PM
Finance Ministry informs more than 2.13 Lakh cases of cyber fraud reported in country during last three financial years