MoS Reports Alarming Rise: 14,000+ Cyber Fraud Cases in 2021

IndustryTrends

The parliament was notified on Monday that as many as 14007 cyber fraud cases were registered in 2021

According to the latest data from RBI, RBI Ombudsman Offices received 1,062 complaints on 'digital lending apps' against Reserve Entities

Reserve Bank issued regulatory guidelines on digital lending on September 2, 2022

The  objective was to strengthen the regulatory framework for digital lending to enhance customer protection and make the digital lending system safe

The framework ensures lending businesses are limited to entities regulated by the RBI or authorized by applicable laws.

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