FRAUDS WITH PLASTIC MONEY : A CRITICAL ANALYSIS IN INDIAN SCENARIO

The Financial Institutions of India and the banking sector has undergone massive revolution over past three decades in order to cater financial needs for all most efficient yet simple manners. Digitalization enabled users access their accounts carry on transactions without physical presence. But this advancement also given rise various crimes which exploit linchpins limitations these systems. Such cyber are more dangerous nature than regular ones, as it is often difficult track criminals, or authorities lack knowledge apprehend them. Cyber criminals coming up with innovative ideas dupe innocent victims hard earned money, one leading methods being Card frauds, both debit credit. There numerous weapons arsenal respect such skimming, card trapping, stealing, pharming, key stroke logging, phishing scams, installing malware viruses name a few. This paper deals types frauds special focus credit cards that currently plaguing India, how combat