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TMI BlogCyber Frauds in BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Cyber Frauds in Banks X X X X Extracts X X X X X X X X Extracts X X X X ..... ar RBI.DBS.FrMC.BC.No.1/23.04.001/2012-13 dated July 02, 2012 on "Frauds - Classification and reporting" containing all the details/aspects relating to frauds. The same is also available on the website of RBI i.e. www.rbi.org.in. On receipt of fraud reports from banks, various aspects related to the frauds are examined and concerned banks are advised to report the case to CBI/ Police/ SFIO, examine staff accountability, complete proceedings against the erring staff expeditiously, take steps to recover the amount involved in the fraud, claim insurance wherever applicable and streamline the system as also procedures so that frauds do not recur. (ii) RBI has issued two circulars viz; (i) 'Security arrangements for ATMs of bank' dated February ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 22, 2006 and (ii) 'Skimming of ATM/Credit Cards' dated June 26,2006 advising banks to take various preventive measures to combat frauds relating to skimming or duplicating of credit cards. The preventive measures include educating customers through cautionary messages posted in the web-site of card issuing banks, informing customers not to reveal PIN in response to requests received through e-mails, to periodically verify the transaction history, immediate reporting to the bank, if any unauthorized transaction is observed, and inform the bank if the card is lost or stolen. (iii) On the basis of suggestions of a Working Group set up by RBI in 2010, RBI has issued guidelines which are fundamentally expected to enhance safety, security, effi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ciency in banking processes leading to benefits for banks and their customers. The implementation progress are required to be reviewed and report submitted to the Board on quarterly basis. (iv) RBI vide its Master Circular dated 1.7.2011, on "Credit Card Operation of Banks" advised banks to set up internal control systems to combat frauds and to take pro-active fraud control and enforcement measures and to ensure that credit card operations were run on sound, prudent and profitable lines as also fulfill 'Know Your Customer' requirement, assess credit risk of customers, specify terms and conditions in clear and simple language, ensure prompt dispatch of bills, maintain customer confidentiality etc. (v) All Commercial Banks have also been c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... autioned by RBI vide letter dated. 16.02.2006 on phishing attacks which contained details of the modus-operandi on such attacks and minimum set of preventive/detective measures to tackle phishing attacks. (vi) Besides above, public is advised through press releases/notifications regarding not to reveal account details, do not fall prey to fictitious offers of fund transfer, remittance towards participation in lottery, money circulation schemes, and other fictitious offers of cheap funds etc. This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Lok Sabha today. DSM/RS/ka ANNEXURE - I Deatails of Calender Year wise Cyber Frauds in Banks (Amount in lakh) 2009 2010 2011 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 012 Bank Name No. of Cases Amount involved No. of Cases Amount involved No. of Cases Amount involved No. of Cases Amount involved Allahabad Bank 0 0 0 0 1 3.3 0 0 American Express Banking Corp. 980 904.57 819 360.75 908 522.76 1231 816.99 Andhra Bank 0 0 1 31.85 1 0.52 0 0 Axis Bank Ltd. 20 110.58 14 44.59 23 209.59 85 1225.41 Bank of Baroda 6 6.88 5 12.4 5 31.82 3 62.45 Bank of India 5 5.21 2 14.61 2 54.49 7 15.82 Bank of Maharashtra 4 3.55 4 4.69 2 2.9 3 105.26 Bank of Rajasthan Ltd. 0 0 1 0.31 0 0 0 0 Barclays Bank Plc 35 21.68 48 8.38 14 6.03 7 1.11 Canara Bank 6 1.39 0 0 1 0.6 1 10.24 Central Bank of India 2 0.84 2 2.15 0 0 0 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Citibank N.A. 1226 773.18 925 521.27 774 420.01 1504 690.32 Corporation Bank 2 0.72 2 6.21 5 6.44 47 21.69 Dena Bank 0 0 1 2.07 1 0.53 0 0 Deutsche Bank ( Asia ) 61 116.64 35 81.94 9 13.67 2 34.74 Development Credit Bank Ltd 2 0.96 2 0.3 0 0 0 0 Dhanlaxmi Bank Limited 0 0 3 2.29 1 3.02 4 1.09 Federal Bank Ltd. 0 0 2 20.5 0 0 3 83.69 FIRSTRAND BANK 0 0 0 0 0 0 14 4.82 HDFC Bank Ltd. 211 165.58 208 125.98 386 276.68 525 409.56 Hongkong & Shanghai Banking Corporation Ltd. 3093 722.45 2520 293.02 793 181.41 709 180.73 ICICI Bank Ltd. 15666 3731.95 9811 1920.28 6013 1096.67 3428 676.51 IDBI Bank Limited 24 16.29 13 15.29 50 44.64 87 203.04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Indian Bank 0 0 1 1.41 1 0.41 4 20.9 Indian Overseas Bank 2 0.39 3 1.44 10 176.03 0 0 IndusInd Bank Ltd. 0 0 3 7.59 3 1.19 2 4.61 Jammu & Kashmir Bank Ltd. 1 4.51 2 6.58 0 0 1 13.88 Karur Vysya Bank Ltd. 0 0 1 23.14 0 0 0 0 Kotak Mahindra Bank Ltd. 57 75.26 31 29.63 52 33.11 78 67.64 Lakshmi Vilas Bank Ltd. 0 0 0 0 0 0 1 10 Oriental Bank of Commerce 0 0 1 4.75 0 0 0 0 Punjab National Bank 33 50.15 108 248.64 28 170.19 14 99.43 South Indian Bank Ltd. 1 2.47 1 0.54 2 0.84 2 0.49 Standard Chartered Bank 374 356.37 386 187.52 435 185.11 511 207.96 State Bank of Bikaner & Jaipur 2 6.66 2 0.15 2 3.49 1 49.32 State Bank of Hyderabad 0 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 0 4 63.33 6 50.52 State Bank of India 0 0 0 0 2 14.62 0 0 State Bank of Indore 1 0.8 0 0 0 0 0 0 State Bank of Mysore 0 0 1 1.01 0 0 0 0 State Bank of Patiala 0 0 0 0 4 80.45 2 31.42 State Bank of Travancore 0 0 0 0 6 10.3 3 3.2 Syndicate Bank 2 0.53 1 2.32 1 0.56 2 7.87 Tamilnad Mercantile Bank Ltd. 0 0 0 0 1 0.27 1 1.49 The Royal Bank of Scotland N.V. 142 141.3 51 44.52 46 49.35 14 12.1 UCO Bank 2 0.58 1 1.6 0 0 4 31.22 Union Bank of India 5 10.45 7 19.22 2 7.86 9 70.17 United Bank of India 1 1.37 0 0 0 0 6 32.86 Vijaya Bank 0 0 0 0 0 0 1 8.4 Grand Total 21966 7233.31 15018 4048.94 9588 3672.19 8322 5266.95 DSM/RS/k ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a
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