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The obvious choke point is the banking system. Digital fraud, by its very nature, has to route the loot through digital transfers between bank accounts. This is what enables this type of crime. If dealt with properly, this is also its weak link. While there is some news about banks proposal to link with MHAs cybercrime system, a lot more needs to be done.
A techie from Bengalore fell prey to scamster who was posing as a buyer on OLX and lost money in a series of transactions.
OTP Frauds: OTP is a one-time password that is valid for only one login session on the computer system or any digital device. In this episode of ET NOW SPOTLIGHT, Snehi Shah will explain the various ways in which scammers can siphon your money and how you can protect yourself from getting scammed.
OTP Frauds: OTP is a one-time password that is valid for only one login session on the computer system or any digital device. In this episode of ET NOW SPOTLIGHT, Snehi Shah will explain the various ways in which scammers can siphon your money and how you can protect yourself from getting scammed.
An FIR was registered against unknown fraudsters under sections 419 (cheating by impersonation) and 420 (cheating) of IPC at Cyber Crime, East Police Station.