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World News

The Hindu

World / The Hindu

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Cyber fraud victims face delays and little accountability from banks

13% of respondents experienced cybercrime in the past two to three years, with 54% of victims reporting digital financial fraud; while most victims approached banks within 24 hours, many reported delays in blocking unauthorised transactions, poor support and banks reluctance to accept liability; victims, experts also raised several concerns

7 Oct 2026 4:08 pm