MUMBAI: Not just individual savings accounts, even the accounts of banks are no longer safe. A local bank, which had a current account in another bank, fell prey to online fraud when Rs 1.05 crore was siphoned off from its account through Real-Time Gross Settlement (RTGS).
Even the police were stunned at the way the fraud took place as various security features are involved in an RTGS transaction. The customer is issued temporary password for each transaction. An RTGS payment is initiated only after the customer gives a written request for the same.
According to a police officer, the fraudsters managed to break into the bank's online security apparatus and within an hour transferred the Rs 1.05 crore into 12 different accounts through RTGS. The money was immediately withdrawn from those accounts.
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Click here to read more ...... Solutions : www.xcyss.in
Even the police were stunned at the way the fraud took place as various security features are involved in an RTGS transaction. The customer is issued temporary password for each transaction. An RTGS payment is initiated only after the customer gives a written request for the same.
According to a police officer, the fraudsters managed to break into the bank's online security apparatus and within an hour transferred the Rs 1.05 crore into 12 different accounts through RTGS. The money was immediately withdrawn from those accounts.
........
Click here to read more ...... Solutions : www.xcyss.in
