FRAUDALERT
A few days ago, I came across news reports with alarming headlines. Both reports talked about people who had lost money after receiving several missed calls on mobile phones but no one-time password (OTP).

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Last week I received a message claiming that a person was duped when a fraudster asked him to dial some codes from an Android mobile phone.

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While describing the modus operandi of cybercriminals, we have always said that they exploit people’s 'fear' and 'greed' to dupe them and steal their money.

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While the festival season in India may have ended, globally, the holiday season will continue till the New Year.

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After trying to imitate toll-free or other numbers used by banks for customer care, cyber fraudsters are now impersonating financial institutions on social media.

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Despite all the ups and downs, banking still remains one of the most trustworthy businesses in India. No wonder a 'rare' genius with entrepreneurial instincts not only opened a bank but ran nine branches in Tamil Nadu without obtaining any license from the Reserve Bank of India (RBI).

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Finally, it has happened. Elon Musk has bought Twitter by paying a humongous US$44bn (billion) and immediately decided to review the coveted blue tick verification to make it a paid product.

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This morning, while checking tweets, I came across a post by the police commissioner of the government railway police (GRP) in Mumbai.

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Every time we speak or write about fraud, we tell people not to be greedy or act out of fear created by fraudsters. Unfortunately,

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Many information technology (IT) job aspirants, who dream of having a fat salary in a foreign country like Thailand, are receiving a shock of a lifetime.

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A very sophisticated Trojan, SOVA, which has re-emerged, is now targetting payment and banking apps on Android devices in India.

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While speaking about cyberspace and cybercrimes, the end-users can be easily divided in two categories - digital natives and digital migrants.

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Regulators and security experts repeatedly issue warnings to make people aware of online fraud. Unfortunately, these warnings are usually ignored, and cybercriminals continue to dupe people with impunity, especially with tricks aimed at addressing the greed for quick money.

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With cyber criminals learning new and innovative methods to dupe, everyone, irrespective of age and education, needs to be on alert mode 24x7, and always refrain from sharing any personal and financial information with an unknown person or entity.

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During the COVID pandemic, especially the second wave, we found many people benefited from crowdfunding.

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Since its inception in 2010 as a unique identification (ID) for those (poor) without any identity proof, Aadhaar and its proponents have been working to force its linkage with other ID systems,

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Greed can make people do many things that cause them to lose their hard-earned money. Innumerable warnings not to fall for quick and absurdly high returns on any investment have little impact and people fall for them anyway.

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Given that e-commerce involves a virtual shopping experience, without an opportunity to physically view or examine the product,

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Do not trust online users unless you know them in real life. Also do not share personal information such as address, phone number, date of birth etc. on social media. Cyber fraudsters may misuse your trust and personal information.

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