KYC
Telecom Scams in India: Daily 12 Fraud Messages, Total 93k Scams Reported
The Department of Telecommunications (DoT), Ministry of Communications, has revealed that 93,081 telecommunication scam cases have been reported across India to date, signaling a sharp rise in fraudulent communication incidents. These scams involve deceptive messages related to bank accounts, payment wallets, SIM cards, gas or electricity connections, KYC updates, expiration notices, government impersonation, sextortion, and […]
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New SIM Card Rules: 100 SIM Cards Limit for Private Companies
Private companies are now limited to acquiring only 100 SIM cards at a time under new restrictions introduced by the Telecom Department. This change, aimed at curbing online scams, allows only issuance of 100 SIM cards at the most for company use as requested by the Managing Director (MD) or a designated representative. Under the […]
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Telecom Department Issues Notice to Vodafone Idea Over KYC Rule Violations
The Department of Telecommunications (DoT) has raised concerns against Vodafone Idea (Vi) for allegedly providing mobile connections to corporate clients without adhering to the mandatory “know your customer” (KYC) procedures for end-users. This action is seen as a violation of India’s customer verification regulations aimed at preventing cyber fraud. In a letter dated December 29, […]
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DoT to Minimize Physical KYC Process
The Department of Telecommunications (DoT) in India is set to eliminate the costly and time-consuming practice of physically validating client details for selling mobile connections, effective January 1, 2024. The move, detailed in a Tuesday notification from the DoT, aims to streamline the Know Your Customer (KYC) process and reduce SIM fraud. The decision discontinues […]
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Bulk Sim Card Sale Banned. Agents needs Police Verification
Securitas has introduced Securitas Technology by merging its existing electronic security business with STANLEY. The newly launched global brand,
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