SC Seeks Strict Bank Liability, Mandatory Compensation for Victims of Digital Arrest, Cyber Fraud

SC Seeks Strict Bank Liability, Mandatory Compensation for Victims of Digital Arrest, Cyber Fraud New Delhi, Oct 30 (KNN) The Supreme Court has said financial institutions must compensate victims of digital arrest and cyber fraud for losses caused by their failure to exercise due diligence, signalling the possibility of strict liability for banks. A three-judge bench headed by Chief Justice of India (CJI) Surya Kant, and comprising Justices Joymalya Bagchi and V Mohana, said the Reserve B

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