HDFC Bank and PHDCCI Jammu hold webinar on banking frauds

ZT NEWS NETWORK

Srinagar: The HDFC Bank in association with PHD Chamber of Commerce & Industry organized virtual awareness webinar under the aegis of its “Mooh Band Rakho” campaign today in J&K.

The Online Conference  titled “Fight Against Banking Frauds & Secure Banking ” was attended by scores of eminent persons from academia, industry and Civil Society of J&K, the aim of holding this webinar  was to provide better understanding of the latest trends of economic and cyber frauds that have evolved in resent past.

Prominent among who attended and had a thorough interaction with panelists  were Shri Pradeep Multani, Sr Vice President PHDCCI, Toshar Dhar – Regional Head, Risk Intelligence & Control – HDFC Bank Ltd, Tahir Ashraf, SSP Incharge Cyber Crime, Jammu & Kashmir Police Department, Rahul Sahai, Chairman, Jammu Chapter, PHDCCI, Shri Amitabh Sharma – Area Manager, Risk Intelligence & Control –HDFC Bank Ltd , Samar Dev Charak , Trustee, Dogra Educational Trust & Dogra Degree College , Prof. Alka Sharma , Secretary General, Indian Institute of Public Administration, Pradeep Gandotra , Chairman , Civil Society Jammu , Sanjay Bansal , Chairman Federation of all India Vayapar Mandal , J&K , Lalit Mahajan , Chairman Federation of Industries –Jammu, Riyaz Ahmad SHO, Inspector, Cyber Police Station J&K Police, Vikrant Kuthiala, Former Chairman PHDCCI Jammu , Rakesh Wazir, Mentor PHDCCI Jammu, Kuldeep Gupta , Co-Chairman PHDCCI Jammu, Sanjay Aggarwal, Co-Chairman PHDCCI Jammu.

Pradeep MultaniSr. Vice President PHDCCI in his welcome speech said that the number of bank fraud cases has increased many fold in recent past.

From technology frauds to traditional loan mortgage frauds, cheque defaults to credit card skimming, the banking frauds have evolved in India. Banks are the critical part of our economy, as they help us in saving and provide us with capital when we need it, in the form of advances and loans. Be it a big businessman or a small entrepreneur or a pawn shop owner, an individual or a housewife, we all trust our money with banks. But it is really painful when some fraudsters cheat the banks and our money is lost. We have heard of so many cases where small banks have been shut and savings of innocent people are lost.


Rahul Sahai, Chairman PHDCCI –Jammu in his inaugural address stated that we appreciate that the HDFC Bank is taking a lead in awareness of General people about cyber Frauds and Scammers. Rahul added that in the past robbery and looting of banks were the only threats were heard about, but with the advent of digitalization of Banks and financial institutions and Mobile Banking the paradigm of these threats have changed. In order to counter such threats and safeguard the public money especially the elderly people, the Banks and the law enforcement agencies need to work together to thwart such elements and for that purpose the extensive awareness  programme among the common people is need of an hour.


Toshar Dhar – Regional Head, Risk Intelligence & Control – HDFC Bank Ltd in his address said that as HDFC Bank regularly organize Secure Banking workshops for customers and the general public across the country. Through this campaign, we are aiming to take it to the next level by involving all stakeholders including investigating agencies. It supports the International Fraud Awareness Week 2020, the global movement to minimize the impact of fraud which is being held from November 15 – 21. On this Occasion Toshar, gave a detailed presentations and comprehensive details of the frauds and measures that the bank has put in place to avoid them. He said that HDFC Bank has the reputation of the least loses on such instances. Mr. Toshar said that the rapid increase in digitalization in services including net banking has developed the quality of services for the people but with it new breed of fraudsters have also made their way.

Tahir Ashraf, SSP Incharge Cyber Crime, J&K Police Department In his address said that he was glad that such a workshop which is the need of the hour was conducted by PHD Chamber and HDFC Bank for the common people of the J&K. In coming days the J&K Cyber Police is planning to hold these awareness workshops across the UT and what we have seen that from last few years we are able to retrieve around 60 Lakh of people who became victim of online Scams and Frauds. Tahir added that to deal with this Digital crime we need to raise the level of public awareness on digital frauds.

On this ocassion Riyaz Ahmad SHO of  Cyber Police Station kashmir also spoke and share his views and experience about the cases being handled by them from last 3years and he also insisted for robust awareness among masses about Cyber frauds. 

Amitabh Sharma – Area Manager, Risk Intelligence & Control –HDFC Bank Ltd in his presentation gave details of new evolving trends of cyber and technological frauds including Phishing, Vishing, Smishing, Skimming, Over lay Keyboard, Card cloning, SIM Swipe, fake websites, and Online Shopping Scams.  Amitabh said that following simple steps such as not sharing card details, CVV, Expiry Date, OTP Net Banking/ Mobile Banking Login ID & Password over Phone, SMS, email and social media can help general public keep their money safe. Amitabh added that the cyber Crime is not confined within certain boundaries or states, the cyber fraudsters can operate from any place, so only thing that will save us from scams is awareness and “Mooh Band”.


A new breed of scamsters is coming up with ingenious ways to circumvent security measures. “Earlier, an individual was hacking while sitting in a garage. Today, it is a more organized market, with syndicates all over the world using sophisticated ways to indulge in identity theft,” says Vikrant Kuthiala, Former Chairman PHDCCI Jammu.


Rakesh Wazir, Mentor -Jammu and Kuldeep Gupta, Co-Chairman Jammu, extended their gratitude to the HDFC Bank for providing an opportunity for organizing such an informative Webinar But prevention being the better option we all need to protect our self from the omnipresent scamsters. Today through this Webinar we not only got awareness about the various modus operandi being used by scamsters but, more importantly, the ways in which to secure our finances and seek redressel if we are cheated.

The Virtual Event Concluded with Formal Vote of Thanks by Sanjay Aggarwal, Co-Chairman PHDCCI-Jammu wherein he thanked the HDFC Bank for sponsoring this Webinar, whole team of PHD Chamber Jammu, Dogra Educational Trust, IIPA, Civil Society Jammu, and Federation of all India Vayapar Mandal, Federation of Industries Jammu, and MIET College for continuous support and advices which have greatly helped towards the successful organization of this today’s Webinar.


The Webinar was attended by more than 350  participants and whole session was moderated by Mallika Verma Director PHDCCI.

2 Comments on "HDFC Bank and PHDCCI Jammu hold webinar on banking frauds"

  1. the new clasp is perfect.

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