IIBF Cyber Crimes & Fraud case studies
IIBF Cyber Crimes & Fraud · Put your knowledge to work in context.
Cyber Crimes & Fraud is an IIBF certification area aimed at banking and BFSI professionals who need working command of fraud typologies, information security controls, KYC/AML/CFT obligations and investigation practice. The IIBF site confirms the Institute's role in banking education, training and examination and lists a steady stream of professional development programmes on exactly these themes, including preventive vigilance and fraud management, cyber risk and IT security for banks and financial institutions, managing IT and cyber security risks in the BFSI sector, KYC/AML/CFT compliance, and staying ahead of cyber frauds through KYC/AML/CFT compliance. The IIBF Cyber Crimes & Fraud case studies are 5 cases and about 4,938 words.
1Twenty-Seven UPI Debits, Eight New Merchant VPAs, and a Bank Policy That Is Silent
On a Monday morning the fraud-control cell of a 42-branch urban co-operative bank logs 27 complaints in 36 hours. Every complainant was debited between ₹9,200 and ₹9,850 through UPI to eight different merchant VPAs registered in the names of small grocery outlets.
1,044 words, about 5 min2Double Extortion at a District Co-operative Bank: Nine-Day-Old Tape and a Poisoned Replication
At 02:40 on a Saturday, the SOC of a 68-branch district co-operative bank sees file extensions changing across the core banking application servers. By 06:00, the CBS servers and the virtualised backup appliance, which sits on the same SAN, are encrypted; 340 ATMs and the UPI switch are down.
937 words, about 5 min3An Unauthenticated API, 1.2 Lakh Borrowers, and an LSP-Controlled Pool Account
A bank's digital lending product is sourced through a lending service provider (LSP). The LSP's mobile app calls the bank's API using a static key embedded in the app.
962 words, about 5 min4Fifty-Eight Deposits Just Under Ten Lakh and an AML System That Stayed Silent
A branch in a textile trading hub maintains a current account for a proprietorship, 'Sri Venkateswara Textiles'. In the past 11 weeks the account has received ₹1.87 crore in cash across 63 deposits, 58 of them between ₹9.4 lakh and ₹9.9 lakh, almost always at the same counter between 11:00 and 14:00.
954 words, about 5 min5An ₹18.6 Lakh Shortage, Two Revived Dormant Accounts and an Unopened Whistleblower Email
During a surprise cash verification on a Saturday, the concurrent auditor at a semi-urban branch finds physical cash ₹18.60 lakh short of the book balance. The cash officer is on leave.
1,041 words, about 5 min