Statements about digital frauds in FY24:
1. There was a 166% increase in digital frauds compared to FY23.
2. The total amount involved in digital frauds decreased by 46.7%.
3. Most digital frauds were reported in public sector banks involving internet transactions.
Which of the statements given above are correct?
The total number of digital frauds increased by 166%, while the amount involved decreased by 46.7%. Most digital frauds occurred in private sector banks involving cards and internet transactions, not public sector banks.
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