Taking cognisance of misuse of technology in committing fraud, Punjab National Bank has been directed by the Banking Ombudsman to refund over Rs.7 lakh with interest to a victim.In its recent directive, the Banking Ombudsman has asked the nationalised bank to put in place strict measures to check such illegal activities.
The curious case of phishing involves a senior manager with Dabur India Ltd, Sahibabad, who lost about Rs 8 lakh in the fraud. Read the rest of the post here.
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