The Central Vigilance Commission (CVC) has come out with a draft manual that addresses cyber fraud.
According to the Reserve Bank of India (RBI), losses due to cyber frauds were more than Rs. 12,000 crore in 2014-15.
Losses have gone up by 59% when compared to the previous fiscal.
The CVC’s new bank manual to be released by April 1, will address frauds in cyber and online banking.
All online transactions within and outside the country will be monitored.
Worried about cyber crime? Ensure that your Credit Card has a chip and PIN.
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