1. OVER VIEW OF BANKING FRAUDS
SK.MASTAN VALI, B.COM, LLB, MCA
ADVOCATE, HIGH COURT OF A.P., HYD

2. TYPES OF BANK FRAUDS FRAUDS ON-LINE (IDENTITY THEFT) OFF-LINE
Theft of mail passwords
Theft of Debit Credit card passwords
Theft of cheque books
ON-LINE
Phishing or spooling
Requests via fake s, websites, pop-up windows

3. BANK FRAUDS - PHISHING REQUEST FOR FOLLOWING INFO PHISHING MEANS
Send fake msg requesting updation of details
REQUEST FOR FOLLOWING INFO
PIN Number
Internet Banking Password
Bank A/c No, Debit Card No., Credit Card No.
Other verification parameters, like; your date of birth, mother's maiden name etc.

4. BANK FRAUDS – COUNTERFEIT WEBSITES
Direct to fake website id and if you enter details of your original login, they commit theft of the same
Request information with a plea of updation of information through fake ids
After stealing your credential data, they will send a expire page to divert attention
This type of fraud is called scam since is the section of Nizerian Penal Code

5. BANK FRAUDS – MOST COMMON FORMS
ON-LINE BAITS
Offer of disbursement of money from wills
Contract frauds ( purchase of goods and services)
Purchase of real estate in other cities
Transfer of funds from over-invoiced contracts

6. BANK FRAUDS – MOST COMMON FORMS
ON-LINE BAITS
There is always a sense of urgency
There are many foreign-looking documents
Often bank letterheads and account numbers are requested
There is variety or processing fee or bribes that must be paid

7. BANK FRAUDS – MODUS OPERANDI
They use the stolen details to submit request to change mobile number
Transfer the amount to another victims whose credential have been stolen and withdraw from it

8. BANK FRAUDS – PRECAUTIONS
Before login – verify whether address of website starts with or not
https – means secured
Verify whether ‘lock’ icon is shown on bottom or not.
Tools-Internet Options-General-Delete Files at Temporary Internet files.
After transaction, clear the cashe and close the windows
If you suspect theft of passwords or details, immediately change the passwords and other details

9. INVESTIGATION OF CASES

10. INVESTIGATION SEIZE THE SUSPECTED COMPUTER
KNOW THE IP ADDRESS OF THE ACCUSED
VERIFY THE AUDIT TRAILS OF THE SYSTEM
VERIFY THE BANK ACCOUNT STATEMENT OF THE VICTIM
TRACE THE ADDRESS OF TRANSFEREE ACCOUNT