The action came after a complaint last year and a case was registered under section 420 (cheating) of IPC at police station crime branch from a woman who reported unauthorized deduction of Rs 69,953/- from her bank account.
He called for the use of technology to reduce the workload of the constabulary and suggested that the Police Station be made the focal point for resource allocation.
Delhi Police have busted a gang of frauds involved in duping people on the pretext of increasing the credit card limit.
Cyber criminals used lure their victims with attractive offers on products with misleading advertisements before cheating them on the pretext of courier charges, transportation of product, etc. But the product was never delivered to the customer.
International syndicate of cyber frauds operating from Dubai and cheating youths on pretext of providing work from home in e-commerce company 'Amazon'.
The applications of fintech are not only about digital payments but also feature a lot of other initiatives such as wealth technology, for instance, he noted.
In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions.
The RBI's report said the 2018-19 agenda include taking effective steps to "further enhance" the levels of protection against cyber risks.
