KYC

Vodafone Idea users should be aware of this fake KYC message that could steal their sensitive information

Vodafone Idea users have been targeted by a fake KYC message by cybercriminals. It is reported that a message asking users to submit KYC verification documents by calling the number given in this message within 24 hours of receiving it is being sent to Vodafone users. The message is that if you do not update …

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Airtel warns about KYC frauds after customer gets duped by fraudster claiming to be Airtel executive

Airtel has also warned its customers about KYC and OTP frauds when fraudsters impersonate and try to access their bank accounts. Airtel noted that an online fraudster had recently impersonated Airtel and called an Airtel customer an excuse to review his Know Your Customer (KYC) form. After tricking her into disclosing her bank details, the …

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RBI expands digital fund limit to Rs 2 lakh, allowing Prepaid Payment Instruments interaction

The Reserve Bank of India (RBI) has approved the collaboration of Prepaid Payment Instruments (PPIs) to increase the account limit to Rs 2 lakh of digital wallets. This was part of a larger Bank of Monetary Policy Committee (MPC) move announced on April 7.In a statement in this regard, the RBI stated that this “promotion …

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Brokerage company Upstox warns users of data breaches; states funds, securities remain safe

Retail company Upstox warned customers of security breaches including KYC’s contact details and customer information, but assured users that their funds and security remained secure. The development comes after reports of data breaches in organizations such as MobiKwik, Facebook and LinkedIn. “In the wake of emails claiming unauthorized access to our database, we have appointed …

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