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Banking industry: Staying ahead of fraudsters

Banking fraud poses a serious threat to the customer confidence, efficiency of the payment system, and the bank’s bottom line. To mitigate fraud risks, the banks are going on overdrive to deploy security solutions. An RTI query has revealed that depositors in India have lost close to Rs. 27000 crore in the last five years due to fraud.

 

Please find below the link and story for your perusal here

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