INDIAN ARMED FORCES CHIEFS ON OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS

The insightful articles, inspiring narrations and analytical perspectives presented by the Editorial Team, establish an alluring connect with the reader. My compliments and best wishes to SP Guide Publications.

— General Upendra Dwivedi, Indian Army Chief

"Over the past 60 years, the growth of SP Guide Publications has mirrored the rising stature of Indian Navy. Its well-researched and informative magazines on Defence and Aerospace sector have served to shape an educated opinion of our military personnel, policy makers and the public alike. I wish SP's Publication team continued success, fair winds and following seas in all future endeavour!"

— Admiral Dinesh Kumar Tripathi, Indian Navy Chief

Since, its inception in 1964, SP Guide Publications has consistently demonstrated commitment to high-quality journalism in the aerospace and defence sectors, earning a well-deserved reputation as Asia's largest media house in this domain. I wish SP Guide Publications continued success in its pursuit of excellence.

— Air Chief Marshal A.P. Singh, Indian Air Force Chief
       

Cyber fraud in banks

Issue No. 5 | March 01-15, 2013

The details furnished by the Reserve Bank of India (RBI) in respect of Scheduled Commercial Banks pertaining to frauds relating to ATMs/debit cards/ Internet banking and credit cards has been increasing in rupee terms.

In 2010, the number of cases reported was 15,018 and the amount involved was about Rs. 40 crore; in 2011 the cases reported were 9,588 and the amount of loss was about Rs. 37 crore and in 2012 the number of cases came down to 8,322 but the amount involved increased to nearly Rs. 53 crore.

RBI has informed that it does not have data on cyber frauds in the public sector banks that have turned into non-performing assets.