Online KYC Fraud: Cases of KYC fraud have been on the rise in recent days, not just in Delhi-NCR but throughout the entire nation. An environment of fear has now been established on the digital platform by cyberthugs. Another new method of cheating has been found by cybercriminals. They now steal bank account information and defraud victims out of lakhs of rupees under the guise of e-KYC. All of the states have recently received an alert about this from the Home Ministry. Let us inform you that the cyber cell in numerous states across the nation receives thousands of complaints every day. In the guise of e-KYC, cybercriminals are defrauding individuals, but not much is being done about it. As per cyber cell officials, the majority of fraud currently occurs under the guise of e-KYC.
Fraudsters are posing as service providers and contacting the bank’s cell phone to obtain all of the information. Cybercriminals claim over the phone that your bank account will be terminated over the next few days because it lacks KYC. Link it to Aadhaar right away if you wish to keep it active. Customers are oblivious during this period and instantly provide the cybercriminal with all of their information. Following this, customers are ensnared and fall prey to this cyber scam.
Withdrawals of funds from persons’ accounts under the e-KYC name
This kind of fraud is known as phishing, and it involves the scammer posing as a bank or company employee in order to obtain information. Customers are advised by these individuals to complete KYC as quickly as possible, failing which their accounts will be canceled. PAN card, Aadhaar, and bank account information are stolen from you. Fraudsters use your Aadhaar card number to empty your account.
Another amazing phishing tactic
In addition, a new phishing technique has emerged in recent years. Phishing involves sending somebody an SMS or letter. Your bank account will be debited and all of your information will be stolen if you click on the dubious link.
How to respond to a call or message
You should file a complaint right once if such calls or texts arrive on your mail or cell phone. Additionally, do not click or respond to such calls or texts; instead, record them. Take a screen grab of the message and email or tweet it to the cyber department or social media platforms. Get the specifics of the bank transaction right away and report the fraud to the relevant police station if you clicked on the link that the scammer supplied you or if money was taken out of your account.
What experts say
Pawan Duggal, a distinguished Supreme Court counsel and cyber specialist, says that India has not yet considered other nations’ experiences. However, the government has developed a complaint system called cybercrime.gov.in in order to stop cyber fraud. This portal allows you to file a complaint regarding online fraud. In addition, the hotline number 155260 is another place to file a complaint regarding cybercrime. Also, it is your fault if you gave the fraudster your OTP after they requested it and you did so afterwards. The bank is not liable for the financial fraud in this situation, but the account holder will not be held accountable if someone has taken money from your account without permission, hacked your ATM card, or used any other fraudulent method in which the customer had no involvement.