Frauds

SIM swapping crimes are on the rise globally, according to a new report. These crimes are primarily committed using eSIM (Embedded Subscriber Identity Modules) users. eSIMs are digitally stored SIM cards which are embedded into a device using a software. Hackers are now reportedly exploiting vulnerabilities within this technology to brute force into the victim's phone account to port the number to their own device. The findings also revealed that the bad actors are mainly interested in victim's online banking accounts and…

Spam calls and fraudulent activities have become a persistent nuisance for people across India, causing discomfort and financial losses. However, relief is at hand as the Indian government has introduced Chakshu, a dedicated platform empowering citizens to report such incidents. Here's an overview of the Chakshu portal, detailing its functionalities and how individuals can effectively use it to combat spam calls and fraud.Understanding Chakshu PortalChakshu is a specialised platform designed for reporting suspected fraud…

The corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against…

With the surge in UPI (Unified Payments Interface) usage, convenience comes hand in hand with potential risks. Despite its user-friendly nature, UPI payments can be susceptible to fraudulent activities if proper precautions aren't taken. According to a report by the Future Crime Research Foundation (FCRF), there were over 95,000 UPI-linked frauds reported in 2023 alone, highlighting the urgent need for enhanced security measures.The Rise of UPI Across BordersThe adoption of UPI systems extends beyond India, with countries…

Image Source : PIXABAY Scam As 2023 comes to an end, the technology landscape has seen significant advancements, but it has also witnessed a surge in scams and online frauds. The integration of artificial intelligence (AI) in various aspects of our lives has not only made things more convenient but has given rise to several sophisticated methods to commit fraud in the…

The government of India is blocking mobile numbers of about 70 lakh people and also banning some IMEI numbers that have been known to target and scam people out of vats sums of money India is grappling with a surge in online…

In order to curb scams that use online transactions, the government of India is thinking of ways to add some friction bewteen first time transactions between two parties, if the amount is over Rs 2,000 The government of…

Image Source : REPRESENTATIONAL IMAGE Pune man duped of Rs 22,000 in another Romance scam People have started relying on dating apps to find their soulmates. However, using Tinder, Hinge, and Bumble to connect with potential partners is not always a great idea as you can fall victim to romance scams. In yet another unfortunate case, a man from Pune lost Rs 22,000 after…

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WhatsApp has launched a new feature called the 'Global Security Centre' to protect users from online fraud and scams. This feature aims to provide helpful information and guidelines to keep users safe from spammers and unwanted contacts. The company has created a webpage that explains different safety measures users can take to protect themselves.The 'Global Security Centre' would be offered to users in English and 10 other Indian languages, including Hindi, Punjabi, Tamil, Telugu, Malayalam, Kannada, Bengali, Marathi,…