Tag: kyc

Technology

‘Masti’ actor Aftab Shivdasani falls prey to KYC fraud, loses ₹1.50 lakh; know how it happened

Bollywood actor Aftab Shivdasani became a victim of cyber fraud and lost ₹1.50 lakh after he received a text message in which he was asked to update his Know Your Customer (KYC) details linked to a leading private sector bank, police said on Tuesday. The incident took place on Sunday and a case in this connection was registered the next day, an official of Bandra police station said. "The actor received a message from a mobile number unknown to him. In the message, he was instructed to update his KYC details linked to the bank, failing which his account will be suspended. Shivdasani clicked on the link mentioned in the message. As he followed the instructions, he received a message that ₹1,49,999 were debited from his account," he said. The actor then contacted the bank's branch mana...
Technology

Budget 2023: National Data Governance Policy announced by FM

The National Data Governance Policy was announced today by FM N. Sitharaman in her Budget speech. It will help simplify the KYC process while anonymizing individual data. Finance Minister Nirmala Sitharaman presented her fifth consecutive budget today for 2023-24 in the Lok Sabha. Coincidentally, this was the last full budget of the Modi government before the Parliamentary elections of 2024. Several initiatives guided by 7 priorities were announced. Aside from the proposals about the new income tax regime, numerous initiatives were also proposed in the fields of technology, finance, agriculture and others. Certain initiatives proposed are planned to promote development in the fields of artificial intelligence, 5G, data privacy and more. The finance minister also announced the Nati...