2+ Lawyers are online
Credit card fraud in India
August 23, 2022Statistically, plastic money frauds in India have seen troubling growth in the last decade. Online fraud is considered to be third among economic crimes prevalent in India. The major forms of cyber fraud include online auctions, internet access services, work-at-home plans, payment methods using debit/credit cards, phishing, etc.
Types of Banking fraud committed -
Most of the online banking frauds are conducted either through phishing, stealing of banking information, or cloning of credit/debit cards.
-
Stealing the original credit/debit cards and using the cards at shopping merchants (POS purchases)
-
Cloning/duplication of credit/debit card
-
Phishing scams where the information has been revealed by the customer himself
-
Leakage of PIN/credit card/debit card numbers by the handlers of such information/payment gateways/banks (voluntary or involuntary like hacking, physical intrusion, data breach)
-
Usage of stolen/duplicate/cloned mobile SIM card to receive a one-time password (OTP) of mobile/net banking and transaction made using such information
Legal Recourse -
Your first action should be to reach out to the bank to inform them of the fraud. You can claim to get compensated if there is a precedent like your case available already. After that, you could file a complaint with the IT Adjudicator of your state or the State Consumer Forum.
Greater
Kailash - 1, Delhi
5
years
These guides
are not legal advice, nor a
substitute for a lawyer
These articles are provided freely
as general guides. While we do our
best
to make sure these guides are
helpful, we do not give any
guarantee that
they are accurate or appropriate to
your situation, or take any
responsibility for any loss their
use might cause you. Do not rely on
information provided here without
seeking experienced legal advice
first. If
in doubt, please always consult a
lawyer.
Comments by Users
No Comments! Be the first one to comment.
Popular Cyber Crime Lawyers
User Reviews
4.9 -
16 reviews
needed a lawyer….what is the procedure?
very good article. Can you tell me more about the law?
great legal advice
thanks for the information
good work. Keep it up
thank you for the article
very nice article
Helped a lot in understanding the law.
needed legal help…whom shall I contact?
I want to know more about this law. Good work
nicely written
The article is written ver well. Learned a lot about my case through this.
nicely explained. Thanks fro the information
Gave a clear understanding about my legal issue.
Nice piece on the subject.
nice article. Thanks for the information
VIEW ALL
