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Poosarla Sai Karthik

Tech guy with a busi... • 1m

In recent years, frauds between Indian startups and investors have led to losses of about ₹4,000 crore. These incidents often involve startups misrepresenting financials, hiding liabilities, or exaggerating growth to secure funding. As more startups rush to raise capital, the lack of transparency has led to increased disputes and legal issues with investors. On a broader scale, financial frauds affecting consumers also continue to rise. In 2023, over 1.13 million cases were reported, with losses amounting to ₹7,488 crore. These usually involve fraud on digital platforms. To tackle this, the Indian government and the Reserve Bank of India (RBI) have introduced systems like the Central Payments Fraud Information Registry and the Citizen Financial Cyberfraud Reporting and Management System to improve transparency and protect the ecosystem.

0 replies5 likes

Recommendations from Medial

Nawal
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SELF • 1y

‼️ A $486-Billion Global Scam ? In 2023, financial fraud reached $485.6 billion, nearly matching Singapore’s GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.

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Havish Gupta

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How Elon Solved a Major Problem at PayPal, Easily! In the early days of PayPal, fraud was a major issue, costing the company millions annually. These frauds included account takeovers, using stolen cards to make transaction, creating fake accounts

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Arcane

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ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case

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LIKHITH

ON NE SAIT JAMAIS • 3m

THIS COULD BE GAME-CHANGER ! BIG MOVE BY RBI 📢 Today was RBI MPC meeting of 2025 and they announced one thing, which one should not ignore. They introduced exclusive website domains ●bank.in = for Indian banks ●fin.in = for financial entities

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Kimiko

Startups | AI | info... • 10h

About 3,600 employees have been laid off by Indian startups in the first five months of 2025.. The mass layoffs in Indian startups are being driven by a shift towards automation by leveraging AI and the efforts of the startup to curb their losses ..

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Tushar Agarwal

Disrupter Wins • 2m

AI is transforming startups, but accuracy concerns remain. To harness AI's power while minimizing risks, we need transparency, robust testing, and human-AI collaboration. Share your thoughts pls. #AI #Startups #Innovation #Accountability

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DataSpace Academy

Learn, Secure & Earn • 19d

What is the Importance of Cybersecurity for Digital Payments? Digital payment frauds are rising and that too in alarming numbers. Worse, the integration of advanced technologies like AI has only aggravated the crime scene. In that light, it’s more t

0 replies2 likes

gray man

I'm just a normal gu... • 19d

As Tesla gears up for its India debut, reports suggest the electric vehicle giant, led by Elon Musk, intends to establish an assembly plant in Satara, Maharashtra. This completely knocked down (CKD) facility would involve importing finished vehicle

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Al Ameen

Technology Innovator • 9m

Here's a visual representation of the funding paradox in Indian startups: Image: A pie chart with a small slice (2.4%) labeled "Women-led startups" and an even smaller slice (1.3%) labeled "Black and Latinx founders". A separate section shows a dive