Introduction

Introduction to Credit Card Frauds

With the growing number of credit card users in the country, credit card industry is going through a phase of innovations both in terms of customer benefits , focus on enhanced customer service and in terms of defining risk monitoring and having skilled staff for specific need of bringing fraud cases to there logical conclusion. Many banks already have structured risk department to cater to various fraud situations arising.
ICICI Bank has so far the highest number of employees in the risk and fraud division and a robust infrastructure for risk handling.
Risk teams at various locations have also made National and Regional level groups to discuss common trends observed and create a general awareness among peer groups in same domain.

As we know a fraud detected is a fraud known , rest is all related to saving notional losses in one form or the other.

This forum is specifically for updating various fraud cases cracked to give a general understanding of the modus operandi of the fraudsters operative in the region and to prepare a basic learning platform.

Welcome aboard !!!!!

Regards
Ravi Arora