Cops and Banks Investigate Traits of Fraud | Calcutta News

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Calcutta: Most online banking frauds take place on the second and fourth Friday, with criminals knowing full well that not all banks have 24/7 hub staff who can liaise with police on weekends -end. Likewise, most bank fraudsters prefer to use mobile phone apps (instead of computers and laptops which are slower and more likely to be traced) to target victims. Cell phones are easier to throw away and less expensive too.
These are some of the recent characteristics of fraudsters that were discussed in a meeting between cyber cell police, the anti-bank fraud section of the Detective Service, and senior officials and senior management from several banks. Following Saturday’s talks, cops made nine specific suggestions to secure online banking and end bank fraud. According to sources, at least five to six of these suggestions have already been implemented in private banks and even a few public banks.
“We now want even public sector banks to adopt these best practices to reduce bank fraud. Two major suggestions are the implementation of the device and SIM extraction (to stop SIM swap fraud) and the appointment of node officers who will be available 24/7 and will work with them. cops to act immediately on any complaint, ”a source said.
“DC (cyber) Bididha Kalita, along with officers from the cyber police station and the bank anti-fraud section, held coordination meetings with regional directors of banks and mobile service providers to discuss ways to prevent cybercrime and bank fraud, ”CP (crime) Murlidhar Sharma jointly tweeted.
However, sources said the maximum discussion revolved around a request from the detective department on banks to delay high-value transactions from one account to another for four to six hours so that victims and cops could time to react and stop fraudulent transactions. The banks, however, have clarified that this is impractical and not mandated by the RBI. “Not only is it impractical, but it defeats the very purpose of mobile banking. However, we asked the cops that we were prepared to help in other ways that we could, ”said a bank official present at the meeting.
The meeting also discussed in detail the presence of Jamtara-type gangs in specific pockets of the city like Kestopur, Newtown and other parts of North 24 Parganas. Police shared details of several raids carried out earlier this month in five locations in Kolkata and its outskirts – all carried out simultaneously to ensure no one can escape – leading to the arrest of 16 of those people. The defendants, according to the police, are mainly from Jamtara, Giridih and Dhanbad in Jharkhand.
The meeting ended with a unanimous decision that awareness campaigns on the importance of OTPs will be organized by police and banks.
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