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Cards, net banking-related frauds dip 6% to 14,824 in 2016

Cards, net banking-related frauds dip 6% to 14,824 in 2016

Thursday, March 16, 2017, 6:37 AM

The number of fraud cases related to credit/debit cards and Internet banking has come down by about 6% to 14,824 in 2016 from 15,733 a year ago. The amount involved in these frauds also saw a 3.3% year-on-year reduction in 2016 to Rs 77.79 crore from Rs 80.48 crore in 2015, Minister of State for Electronics and IT P P Chaudhary said.
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