The Indian government’s primary cybersecurity agency is advising people against commonly used online scams to steal your money, which include OTP frauds, UPI money request frauds, and bank account deactivation scams. Falling victim to these scams can lead to financial losses, identity theft, and potential security breaches.
CERT-In, the Indian government’s nodal cybersecurity agency, is observing Cyber Jaagrookta Diwas (Cyber Awareness Day) in October 2023 to raise mindfullness and educate internet users on how to protect themselves from cyber fraud and cybercrime. This time, the campaign is particularly concentrated on educating people about fake online scams and how to avoid them, as India has experienced a significant increase in online scams in recent years.
- CERT-In is observing Cyber Jaagrookta Diwas in October 2023.
- During the campaign the government organisation is raising mindfullness about online fraud.
- The agency advises people to avoid sharing sensitive information online and stay vigilant to tricks.
OTP fraud
One- time password( OTP) fraud is a growing cybercrime in which fraudsters trick users into revealing their OTP, used for two- factor authentication. Fraudsters can steal OTPs in colorful ways, similar as posing as authorised parties, transferring malware- infested links, exploiting unmonitored verification forms, impersonating victims at banks, or reaching mobile drivers to gain indistinguishable SIM cards. OTP fraud can lead to financial losses, identity theft, and security breaches.
UPI money request fraud
UPI money request fraud is a kind of online scam where hackers trick people into transferring them money through the Unified Payments Interface( UPI). These scammers employ tricks like transferring fake money requests, pretending to be real organisations, and finding weaknesses in UPI apps’ security. Falling for UPI money request fraud can lead to serious problems, including losing money, having your identity stolen, and facing security issues.
Bank Account Deactivated
A bank account deactivation scam is a phishing scheme where scammers try to get people’s particular and fiscal details by falsely claiming that their bank account has been killed or has suspicious exertion. generally, they initiate this with automated calls or textbook dispatches, prompting them to call a specified number or click a link to verify your identity and reactivate your account.
Update KYC details
KYC fraud involves scammers impersonating bank officers and requesting guests to expose their particular details for supposed KYC updates, frequently accompanied by pitfalls of account deactivation. KYC fraudsters employ a variety of tactics, including unasked KYC verification calls, phishing, smishing, identity theft, and PAN/ Aadhaar card- related scams.
Free iPhone fraud
The Free iPhone fraud involves a deceptive communication, falsely claiming to be from a government organisation, stating that the philanthropist has won an iPhone 5 as a gleeful gift. The communication instructs them to share it with multiple WhatsApp groups or musketeers and provides a link to claim the prize.
