Putting Risk on the Radar

J. Prajapathy, an ICICI Bank credit card holder, was shell-shocked when he received a bank enquiry for a Rs 32,000 (US$618) transaction he had never made. His credit card had been deceitfully used for booking airline tickets online and he isn't alone. Over 60 percent of online credit card fraud occurs while people buy an air ticket online says B. Madhivanan, general manager at ICICI Bank.