Top Two Frauds Of The Week

IamCheated.com Research Team | July 12, 2018  7:19:pm

Frauds are increasing each day. Fraudsters have come up with a number of innovative tricks to steal hard earned money from innocent people.

1. SBI Credit Card fraud

Having a credit card has become quite common these days and most citizens use credit cards. As the number of people using credit cards are increasing, fraud too is rising. Recently, Cyberabad police arrested thirty people in New Delhi for duping nearly 2,000 SBI credit card holders to the tune of Rs 5 Crores.

The fraud came to light when SBI acted on the complaints, they received from their customers. Complainants said they received calls from unknown persons who introduced themselves as employees of SBI Credit Card Division and collected their card details. After collecting the card details and OTP, fraudsters carried out monetary transactions through online portals. The transactions were carried out in the name of the company, Jay Shree Distributors. But the victims had no clue on this company.

The mastermind behind this fraud is Vijay Kumar Sharma. Sharma develops websites, registers domains and payment gateways, to collect online payments through their websites. To steal card details from SBI customers, Sharma partnered with Sapphire Business Solutions, a Direct Sales Agency (DSA) based out of New Delhi. The agency hired 22 telecallers to collect card details.

The telecallers were paid Rs 800 as an incentive for collecting card details of SBI customers in the name of gifts. The target was Hindi and English speaking credit card holders from major Metros.

See Also: How To Save Yourself From SIM Swap Fraud?

How To Avoid Such Frauds?

Many people fall prey to people who collect their credit card details over the phone. To avoid such frauds, you should always keep in mind, banks never call you seeking personal banking details and OTP. If you receive such a call, report it immediately to a local police station.

2. Fake emails from I-T like addresses

Its tax season and everyone is rushing to file taxes. Online fraudsters are using this situation to cheat taxpayers. Taxpayers are getting emails from addresses, which look exactly like the original government address. These emails ask taxpayers to provide their net banking details to receive their refund amounts as there is an error in calculating the tax.

The fake email address appears as donotreply@incometaxindiafilling.gov.in while the original email address is donotreply@incometaxindiaefiling.gov.in. In the fake address, 'e' is missing from 'efiling' and ‘filing’ is spelt as ‘filling’.

If you click on the link provided in the email, you will be directed to a net banking login page. If you log in, your bank account will be hacked.

How To Avoid Such Frauds?

In case you have to receive refunds, the income tax department will send intimation on refunds payable through a proper notice. Do not respond to suspicious emails and never give your bank details, login name or user ID, card details, PIN number and OTP to anyone.

 Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint.