Cashless Transactions - India


Senior Billi
India's on a digital sprint that is leaving millions behind
Same here. Govt.+media talking about [digital,digital] and "Technology" can be used to help masses.
Masses don't have smartphones.
How to extend coverage and access is another story. Talking about it easy, implementation not easy.


Main Accused Of Online Fraud In Kullu Arrested From West Bengal
कुल्लू में ऑनलाइन ठगी का मुख्य सरगना पश्चिम बंगाल से गिरफ्तार
न्यूज डेस्क, अमर उजाला, कुल्लू Updated Sat, 11 Jan 2020 07:04 PM IST

सांकेतिक तस्वीर

सांकेतिक तस्वीर

ओटीपी नंबर पूछकर लोगों से ऑनलाइन ठगी करने वाले मुख्य सरगना को कुल्लू पुलिस ने पश्चिम बंगाल के आसनसोल जिले से गिरफ्तार किया है। आरोपी ने भारत में जगह-जगह पर ऑनलाइन धोखाधड़ी की है। कुल्लू जिले में आरोपी ने 10 लाख की ठगी को अंजाम दिया था। लगातार दूसरे दिन पुलिस की गिरफ्तारी के बाद हड़कंप मच गया है।

मामले में पहले ही झारखंड और पश्चिम बंगाल के छह आरोपियों को गिरफ्तार किया जा चुका है। कुल्लू पुलिस जिले में हुई ऑनलाइन ठगी के मामलों की जांच कर रही है। जांच के दौरान पुलिस ने बारी-बारी से ठगी की घटना को अंजाम देने वाले शातिरों को पकड़ा। दो दिन पहले ही पुलिस ने दो आरोपियों को पकड़ा था। आरोपियों से पूछताछ करने पर पाया कि अभिषेक कुमार सिंह पुत्र प्रदीप कुमार सिंह निवासी वर्धमान, पश्चिम बंगाल गैंग का मुख्य सरगना है।

पुलिस की स्पेशल टीम ने दबिश देकर मुख्य सरगना को पश्चिमी बंगाल के आसनसोल जिले से गिरफ्तार किया। आरोपी देश के कई हिस्सों में लोगों से धोखाधड़ी कर चुका है। आरोपी को नवंबर में ही आसनसोल दुर्गापुर पुलिस कमिश्नरेट के साइबर क्राइम पुलिस स्टेशन की टीम की ओर से साइबर क्राइम, धारा 419, 420, 467, 468, 120 बी आईपीसी के तहत गिरफ्तार किया था, जो जमानत पर बाहर था।

निरमंड थाना में पंजीकृत मुकदमे में आरोपी ने शिकायतकर्ता के दस लाख रुपये पीएनबी अकाउंट से अलग-अलग फेक पेटीएम अकाउंट्स में ट्रांसफर किए। बाद में इन पेटीएम अकाउंट्स से कुछ पैसे की नकदी निकाली। कुछ रुपयों के गिफ्ट वाउचर खरीदकर अन्य लोगों को बेच दिए। आरोपी ने तीन लाख रुपये से ज्यादा के गिफ्ट वाउचर्स को 29 मोबाइल फोन खरीदने के लिए भी इस्तेमाल किया। मामले की पुष्टि पुलिस अधीक्षक गौरव सिंह ने की।

उन्होंने कहा कि ऑनलाइन ठगी के मुख्य सरगना को पुलिस की टीम ने पश्चिम बंगाल के आसनसोल जिले से पकड़ा है। आरोपी से कड़ी पूछताछ चल रही है। उन्होंने कहा कि ऑनलाइन धोखाधड़ी के चार केसों में अब तक कुल सात आरोपी झारखंड व पश्चिम बंगाल के विभिन्न जिलों से गिरफ्तार किए जा चुके हैं। कुल्लू पुलिस की ओर से ऑनलाइन ठगी करने वालों हो रही कार्रवाई से लोग खुश है। साथ ही इसके लिए पुलिस की कार्यप्रणाली की सराहना की है।

कुल्लू में ऑनलाइन ठगी का मुख्य सरगना पश्चिम बंगाल से गिरफ्तार


Didn’t ban cryptocurrencies, only ring-fenced banks from associated risks: RBI tells SC

This statement came as a response to a petition filed by the Internet and Mobile Association of India (IAMAI) in the Supreme Court.

Money Cryptocurrency Tuesday, January 21, 2020 - 18:34

S. Mahadevan

Contrary to the general opinion that cryptocurrencies like Bitcoin are banned in India, the Reserve Bank of India has conveyed to the Supreme Court that digital currencies are not banned. RBI says it has only ring-fenced banks and other regulated entities from dealing in the currencies that could result in losses for them.
This statement by RBI is part of a 30-page response in the form of an affidavit that the banking regulator had submitted to the apex court in a case filed by the Internet and Mobile Association of India (IAMAI). The appeal by IAMAI to the Supreme Court was in objection to RBI’s circular in 2018 where it had stopped the banks from dealing in cryptocurrencies which amounted to banning legitimate business transactions.
Reserve Bank of India has explained in its affidavit to the Supreme Court that it was not against any technological innovations. However, cryptocurrencies have earned the reputation of being used for illegal transactions and for funding terrorist activities. Money laundering is another activity associated with the virtual currencies. The regulator therefore wanted that the financial institutions in India which are regulated by it do not fall a prey to the risks associated with dealing in cryptocurrencies.
The central bank had offered similar advice to the Indian government as well not to allow initial coin offerings (ICOs) and asset funds based on virtual currencies in the country. This too has been disclosed by RBI in that affidavit.

The cryptocurrency debate is raging in many countries across the world. Those in favour of cryptocurrencies claim it is the currency of the future and governments should adopt them in the economy. Those opposing point out how volatile the currency, particularly Bitcoin has been and how gullible public have lost billions of dollars of their hard-earned money chasing fortunes in Bitcoin. There have also been cases of massive hacks through which the cryptocurrency assets held in exchanges have been wiped out overnight, leaving the owners of these currencies with nothing to show.
The next hearing on the case in the SC is fixed for January 21, 2020.

Didn’t ban cryptocurrencies, only ring-fenced banks from associated risks: RBI tells SC
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Credit, debit card details of 4 lakh Indians up for sale on dark net

Gautam S. Mengle

Mumbai, February 08, 2020 00:27 IST
Updated: February 08, 2020 11:59 IST

Shot of an unrecognisable hacker using a laptop to hack into a credit account

Shot of an unrecognisable hacker using a laptop to hack into a credit account

CERT-in alerted to stolen data on offer on dark net.

A whopping 98% out of a large packet of sensitive credit and debit card details, that have been put up for sale on the dark net, are those of Indian customers, Group-IB — a Singapore-based cybersecurity company — has revealed.
According to Group-IB’s statement released on Friday, the stash of 4,61,976 card payment details went up for sale on Wednesday on Joker’s Stash, one of the most secretive portals on the dark net for buying such information. Group-IB has already informed Indian authorities about the leak.
The company has also observed that the data is suspected to have been collected from phishing rackets, which are on the rise in India over the last few years.

Superintendent of Police (Maharashtra Cyber) Balsing Rajput said, “We are studying the information and the data and will soon be issuing an advisory in this regard.”
Group-IB’s statement said, “The underground market value of the database is estimated at more than $4.2 million. The source of this batch currently remains unknown. Upon the discovery of this database, Group-IB has immediately informed the Indian Computer Emergency Response Team (CERT-In) about the sale of the payment records, so they could take necessary steps.”
Group-IB's threat Intelligence Team has found that the details are comprehensive in nature, and include card numbers, expiration dates, CVV/CVC codes and, in this case, some additional information such as cardholders’ full names, their emails, phone numbers and addresses.

Second major leak
“This is the second major leak of cards relating to Indian banks detected by Group-IB Threat Intelligence team in the past several months. In the current case, we are dealing with so-called fullz — they have info on card number, expiration date, CVV/CVC, cardholder name as well as some extra personal info. Such type of data is likely to have been compromised online — with the use of phishing, malware, or JS-sniffers — while in the previous case, we dealt with card dumps (the information contained in the card magnetic stripe), which can be stolen through the compromise of offline POS terminals, for example,” Dmitry Shestakov, Head of Group-IB cybercrime research unit said.
JavaScript or JS-Sniffers are programmes used for stealing credit and debit card information from e-commerce websites, and are among the latest concerns when it comes to cybersecurity and theft of sensitive card details.
In October 2019, Group-IB Threat Intelligence team had detected the first such database of over 1.3 million credit and debit card records, mostly of Indian customers.



RBI Update

Cards online use to be disabled if unused by Mar 16, 2020

From March 16th 2020, If You Have Never Used Your Debit Card For Any Online Transactions Then It Will Be Blocked.

This Step Is Taken To Avoid Fraudulent Transactions Taking Place On Such Debit Cards On Which No Online Transactions Was Done Ever.

If Anyone Want To Use Debit Card, They Can Get It Unblocked By Their Branch Or They Can Do Any Transaction Before 16th March 2020 To Keep Their Debit Card Active.

Furthermore, All Banks Will Soon Come Up With Options To Block/Block Your Debit Card Online Via App Or NetBanking.

Note - This Update Is Purely For Those Who Have Never Done Any Online Transaction Via Their Debit Card.


RBI allows card holders to enable, disable cards for online use, modify transaction limitsBanks have been asked to give users the facility to enable/disable their cards for different types of use.

Navneet Dubey

ET Online|
Last Updated: Jan 15, 2020, 07.08 PM IST

To increase security of card (credit and debit) transactions the Reserve Bank of India has directed all banks to give card users the facility to themselves enable/disable their cards for different types of use--online, physical, contact-less domestically or internationally.

Card issuers have also been asked to allow card holders to modify transaction limits within the overall card limit for all types of transactions -domestic and international at PoS, ATMs, online transactions and contactless transactions.

RBI has directed banks and other card issuers to enable cards only for use at contact based points i.e. ATMs and Point of Sale (Pos) devices within India at the time of issue of the cards. This means that when a card is issued it will, by default, only be usable to physically swipe at a PoS or at a ATM. It would not be enabled for use online or for contact-less transactions.

The card would have to be enabled for these type of transactions by the user himself or herself. Currently, when a card is issued it can immediately be used for card present (swiping) transactions, online and contact-less transactions.

As per the RBI directive, card holder will have to be given the facility to switch on and off the other facilities on their cards after it is issued to them. These directions on enhancing security of card transactions will come into effect from March 16, 2020, as per the RBI notification.

Enhancing security of card transactions
According to RBI notification, the volume and value of transactions made through cards have increased manifold over the years. To improve user convenience and increase the security of card transactions, it has been decided as under:

a) At the time of issue /re-issue, all cards (physical and virtual) shall be enabled for use only at contact based points of usage [viz. ATMs and Point of Sale (PoS) devices] within India. Issuers shall provide cardholders a facility for enabling card not present (domestic and international) transactions, card present (international) transactions and contactless transactions.

b) For existing cards, issuers may take a decision, based on their risk perception, whether to disable the card not present (domestic and international) transactions, card present (international) transactions and contactless transaction rights. Existing cards which have never been used for online (card not present) / international / contactless transactions shall be mandatorily disabled for this purpose.

c) Additionally, the issuers shall provide to all cardholders:
  • Facility to switch on /off and set /modify transaction limits (within the overall card limit, if any, set by the issuer) for all types of transactions – domestic and international, at PoS /ATMs /online transactions /contactless transactions, etc.;
  • The above facility on a 24x7 basis through multiple channels - mobile application /internet banking / ATMs /Interactive Voice Response (IVR); this may also be offered at branches /offices
  • Alerts /information /status, etc., through SMS /e-mail, as and when there is any change in status of the card

Points to note
The provisions of this circular are not mandatory for prepaid gift cards and those used at mass transit systems.
Issuers and card networks may give wide publicity to the provisions of this circular.

RBI allows card holders to enable, disable cards for online use, modify transaction limits