Lakhs rupees in your bank account can be zero in seconds if you are not aware of the many new online tricks used by fraudsters.
Lakhs rupees in your bank account can be zero in seconds if you are not aware of the many new online tricks used by fraudsters. According to the RBI, fraudsters are finding new ways to defraud the gullible public in several ingenious ways.
RBI says that sharing confidential information by customers, knowingly or unknowingly, is one of the main causes of financial fraud. Therefore, you should be alert while doing online transactions.
The RBI recently published a booklet on the common modus operandi of fraudsters.
While you may already be aware of some of these tricks, here’s a look at some lesser-known but high-fidelity methods used by fraudsters according to RBI:Fraud using online sales platforms: Fraudsters impersonate buyers on online sales platforms and show interest in the seller’s products. Many fraudsters pose as defense personnel stationed in remote locations to gain trust. Instead of paying money to the seller, they use the “request money” option through the UPI app and insist that the seller approve the request by entering the UPI PIN. Once the seller enters the PIN, the money is transferred to the fraudster’s account. Screen sharing/remote access app fraud: Fraudsters trick the customer into downloading a screen sharing app. Using such an app, the fraudsters can view/control the customer’s mobile/laptop and access the customer’s financial data. Fraudsters use this information to carry out unauthorized transfers of funds or make payments using the customer’s online banking/payment apps. Fraud by endangering login credentials on search engine results: Customers use search engines to obtain contact information/customer service numbers from their bank, insurance company, Aadhaar update center, etc. These contact information on search engines often do not belong to the respective entity, but are used by fraudsters shown as such. Customers may end up contacting unknown/unverified phone numbers of the fraudsters that show up as bank/company contact numbers in the search engine. Once the customers call these contact numbers, the scammers ask the customers to share their card details/data for verification. Assuming the fraudster is a genuine RE representative, customers share their secure data and thus fall prey to fraud. QR Code Scan Scams: Fraudsters often contact customers under various pretexts and trick them into scanning Quick Response (QR) codes using the apps on the customer’s phone. By scanning such QR codes, customers can unknowingly authorize the fraudsters to withdraw funds from their account. Juice jacking: The charging port of a mobile can also be used to transfer files/data. Fraudsters use public charging ports to transfer malware to the phones of customers connected there and to gain control/access/steal data from sensitive data like emails, SMS, saved passwords, etc. from the customer’s mobile phones (Juice Jacking).
This post RBI Online Fraud Trick Alert! Beware, your lakhs of rupees in your bank account will become zero if you are not aware of these hi-fi tricks was original published at “https://www.financialexpress.com/money/rbi-bank-online-fraud-hi-fi-tricks-explained/2466825/”