Cyber frauds News

Investors can now easily check if a UPI ID is genuine by either scanning a QR code or entering the ID manually. 

Digital fraud is increasing very fast in India. A PWC report has come out. In which it has been claimed that 92 percent of the cases in India have come from credit cards and digital wallets. So there 52 percent cases have come in front of social media and e-commerce.

In today's digital era, UPI has become the most preferred mode of transaction. Recently some cases have come to the fore where people stopped recharging their second sim and that sim got into the hands of a cyber thug and he emptied the entire account.

Nowadays, scammers find different and creative ways to scam people and siphon off money. SBI has shared six security TIPS while using or making UPI transactions. Earlier, SBI warned about a new malware SOVA that steals personal information.

Fraudsters busted in Telangana. The police have arrested four accused. About Rs 10 crore has been seized from the accused.

Govt warns SBI users of fraudulent messages. Customers should be aware that SBI or any other bank will never ask you to update or complete your KYC. Fraudsters frequently send a bogus SMS alert on behalf of SBI, claiming that your account has been blocked.

India reported 2,08,456 incidents in 2018; 3,94,499 incidents in 2019. The country saw 11,58,208 cases in 2020. India witnessed 2,12,485 incidents in the first two months of 2022.

After dialling the number, the scammer instructed the woman to download and install the Quick Support programme, which allows a third party to access people's mobile actions. She was then asked to deposit Rs 10 into a specific account as a KYC fee. Then, using the application, she submitted her banking information, which the scammer was able to see.

Cyber criminals impersonated a private bank executive and demanded that Kambli submit his know your customer (KYC) information, or his bank account would be cancelled. Former cricketer was fortunate enough to recover the funds he had lost in cyber fraud.

Unfortunately, as money has gone online, so have fraudsters, who are always attempting to lure customers into traps. Officials in Delhi have initiated a crackdown, which would provide some relief. Users will now be able to make use of newly established cyber crime police stations in each police district.

In light of this, HDFC Bank has issued a warning to its account holders about the increased possibility of cyber fraud. Not only that, but HDFC Bank has also provided recommendations on how to keep safe while banking online. Account holders should be aware that fraudsters have gotten more sophisticated and have learned a variety of methods for stealing money online.

Jharkhand's Jamtara has emerged as the biggest hub of cyber frauds The arrest is expected to help the police in solving as many as 13 cyber fraud cases