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Net banking & card frauds up 50%, Delhi is ATM con capital

Wednesday, December 11, 2019, 3:23 PM

Instances of unlawful transactions involving internet banking, ATMs and credit and debit cards shot up over 50% to cross 52,000 in 2018-19, with Delhi being the ATM-fraud capital accounting for nearly 27% of the reported cases of "siphoning off of cash". Bankers said India is seeing an increase in a number of such attempts as it tries to scale-up its infrastructure to shield itself.