Having access to the internet makes us feel liberating and powerful. However, this liberty and power may be glorified, especially when we hear reports like 4 out of 10 people in India were victims of identity theft. What is Identity…
Better understand and prevent 5 common types of Online Frauds
According to the Federal Trade Commission (FTC), 40 percent of adults between the ages of 20-29 have reported frauds where they ended up losing money in a fraud case. Here are a few real life stories to understand the most popular techniques these fraudsters are using to get unauthorized access to our private information and financial data.
How to Identify and Avoid Online Scams
Scams on platforms like Olx, Quikr and others have been taking place for quite some time now. Two recent cases have surfaced where two techies lost Rs 1L to fraudsters while trying to sell mattresses. These scams happen largely due to the lack of understanding of app-based payment services and UPI among the general public. In this article, we will discuss some practical tips to help you stay ahead.
Recent Loan Frauds cases in India
1. Chennai: Loan fraud: Gang that stole lakhs nabbed Source: Indian Express The Anti-Bank Fraud Wing of the Central Crime Branch on 6Feb2020 arrested six persons who were running a call centre in Pazhavanthangal (Chennai) and cheated several persons who…
Loan Frauds in India
Loan frauds as a percentage of total banking frauds jumped to 90% in fiscal 2019 from 55% in fiscal 2018 after regulatory standards were changed for banks reporting non-performing assets (NPAs). How to safeguard yourself from such frauds Fraudsters in…
Beware of Lottery Fraud
In the recent past, there has been a spate of fictitious offers sent out to the general public. People have received phone calls, emails, SMS’s, whatsapp messages, and letters etc. telling them that they have won a lottery. They are…
Business Fraud
Business fraud consists of dishonest and illegal activities perpetrated by individuals or companies in order to provide an advantageous financial outcome to those persons or establishments. Also known as corporate fraud, these schemes often appear under the guise of legitimate…
Identity Theft/Fraud
Identity theft, also known as identity fraud, is a crime in which an imposter obtains key pieces of personally identifiable information, such as Social Security or driver’s license numbers, in order to impersonate someone else. Identity theft occurs when someone…
Cheque Frauds in India
Cheque Fraud refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder’s legal ownership. As per the…
Credit Card Fraud
Credit Card Fraud is a harsh reality of digital age. If you are the owner of a credit or a debit card, there is a non-negligible chance that you may be subject to fraud, like millions of other people around…