Share your online fraud experience

[arup]

I dont take red flagged calls identofoed by truecaller, but recently received one for checking.
I got called by scammers pretending to bank employee for the famous KYC scam. My account will be blocked, etc...
I asked to send representive to my home for KYC documents collection, I'll not give any details online or even visit branch.
The caller understood that Im not a easy prey, because they used a swear word before hanging up the call.

 

[blr_p]

Not exactly online fraud but fraud that can be done through phone theft

You and Yours - Five Ways They Get You - Bank Card - BBC Sounds

Shari Vahl explores five frauds and explains how to avoid getting caught out yourself.

www.bbc.co.uk

I'm surprised how easy it is to get around 2FA on a stolen phone when installing the banking app on another phone

 

[rsaeon]

I stopped getting calls about personal loans after I mentioned to one of them that they already tried to give me a loan but it got rejected because my CIBIL was 400 or something.

 

[jsmithe]

New ‘jumped deposit’ scam targets UPI users

Chetan Anand, National Cyber Security Scholar and Cybercrime Intervention Officer explains, “Unlike phishing scams that ask for your personal information upfront, this scam relies on the victim’s action to approve the transaction. By simply entering the correct PIN to check the deposit, the...

bangaloremirror.indiatimes.com

 

[blr_p]

I got an sms purporting to be from my bank saying KYC has to be updated or else my account will be locked.

I did not not have to go to the bank. I could just use the attached apk to update the details.

Lol. One month later bank account still works fine

This same scam WhatsApp message has already claimed a victim

Karnataka man loses ₹6.6 lakh to APK malware: How to identify such malwares - Times of India

A Mangaluru resident lost ₹6.6 lakh to a WhatsApp APK scam disguised as a Canara Bank alert. The fraudulent message urged him to update details via a link, leading to a fake interface. Despite not sharing OTPs, unauthorized transactions drained his account. This highlights the rising threat of...

timesofindia.indiatimes.com

I searched for the keyword digital arrest and am surprised this has not been discussed here before.

Its bewildering that educated people are falling for this time and again despite it being in the news so frequently. Latest being a 59 year old senior IT executive losing over 6 crores over a period of several days.

Mumbai IT Executive Loses Rs 6.3 Crore in Shocking Online Fraud by Cybercriminals | Pune News - Times of India

A Mumbai IT executive was duped of Rs 6.3 crore in a major online fraud by cybercriminals impersonating CBI officials, highlighting the increasing risks of digital scams.

timesofindia.indiatimes.com

My experience:
Got a SMS from "DHL" informing that there is some update on my courier. I opened the link as I was expecting something.
Then I got the call from DHL call center informing that my parcel to Oman has been seized by customs. I said OK while laughing and that probably flustered the caller as there was an awkward pause and then call got disconnected.

Have you or someone you know been conned online? What was the modus operandi?

Same scam. This time more money stolen

Bengaluru Digital Arrest: Bengaluru techie loses Rs 11.8 crore in 'digital arrest' | Bengaluru News - Times of India

A Bengaluru software engineer lost ₹11.8 crore to a digital arrest fraud. Posing as TRAI and police officials, scammers claimed his Aadhaar was misuse

timesofindia.indiatimes.com

 

[iyengar]

Thankfully, Airtel identifies Suspected Scam calls and flags it before even i need to pick. Much controls are in place, but common sense can make mask all the red flags

 

[Renegade]

Same scam. This time more money stolen

What amuses me the most is which IT job is paying them so much and why is their money so readily accessible. I mean if its invested it takes days to make it liquid.

 

[blr_p]

What amuses me the most is which IT job is paying them so much and why is their money so readily accessible. I mean if its invested it takes days to make it liquid.

Yeah i had the same thought. Who keeps that much in liquid. Also what I don't get is this crores range. Who agrees to send that much?

 

[rsaeon]

The recurring pattern I've seen is that high earners aren't the best at protecting their wealth/assets. It just sits in their savings or salary account. No investments, no diversifying.

Not just in news stories, I see this with my relatives. People had crores in their accounts before the lockdown and they did nothing with it. Investing in a high risk fund for five years would've netted them huge gains, but they just couldn't be bothered. Especially when you could literally see into the future of how everything would explode after covid/lockdown.

A uncle asked me what I'd do with 1 crore, my answer was simple: invest in a high risk fund and look at it after 20 years. He thought I'd probably pursue higher studies or start a business but there's no beating a long term investment.

Atleast with my rudimentary knowledge.

 

[PunkX 75]

What amuses me the most is which IT job is paying them so much and why is their money so readily accessible. I mean if its invested it takes days to make it liquid.

I don't think the information in that article is correct. I HIGHLY doubt any IT professional working in India will have that much in liquid funds just sitting around. ToI is known for exaggerating its articles.

Also, at times, I feel these people severely lack basic common sense for falling for such obvious crap, especially journalists and IT professionals. I mean, do they not read the news? Even then - COMMON SENSE. Sometimes I don't even feel bad for them for falling prey to these scammers. They should be demoted at their workplaces


I once got a call from a "customs official" who mentioned I was in trouble for illegal activities. I questioned him whether the illegal activity he was referring to was me dating his wife while he was busy scamming people. I promptly got a BKL gaali thrown at me, for good measure. Hung up straight after.