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Paytm Payments Bank to identify apps that may trigger fraud transactions

Wednesday 29 January 2020 11:01 CET | News

Paytm Payments Bank (PPBL) has added a new feature that analyses ‘rogue’ apps on user devices that may trigger fraudulent transactions, advising users to uninstall such apps.

As reported by Your Story, the service not only leveraging artificial intelligence to immediately identify and block suspicious activities, but it is also undertaking periodic awareness drives throughout the country to educate users about fraud calls and SMSes.

Representatives of PPBL suggest that the security feature will scan the apps installed on the user device and when a dangerous app is found, a security alert will pop up. Transactions will not be possible until the user uninstalls that fraudulent app.


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Keywords: Paytm Payments Bank, identify, fraud transactions, PPBL, AI, fraud, artificial intelligence, security
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime