Phishing Emails & Messages
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What It Is and How It operates :
Protect Yourself from Fraud Involves fraudsters sending deceptive emails or messages pretending to be from legitimate organizations like banks or e-commerce platforms. scammer Scams The goal is to trick recipients into revealing personal information such as passwords, credit card numbers, or other sensitive data by clicking on malicious links or attachments. business Law
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How to Detect:
Unexpected emails or messages requesting personal
information. Poor grammar and spelling mistakes. Suspicious sender email
addresses that don't match the official domain. Links that redirect to
unfamiliar websites.
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Precautions:
Verify the sender's email address carefully. Steer clear of clicking on unfamiliar links or downloading attachments from untrusted sources.4o mini Use spam filters and antivirus software. Enable two-factor authentication (2FA) where possible.
ATM Card Skimming
• What It Is and How It operates :
Scammers install skimming devices on ATMs to capture card
information and PINs. These devices are often hidden or mimic legitimate ATM
components, making them difficult to detect. Once data is stolen, it can be
used to clone cards or make unauthorized transactions.
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How to Detect:
Loose or unusual attachments on the card slot. Keypads that
feel spongy or have additional layers. Flickering screens or warning messages.
Unusual noises when inserting or removing the card.
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Precautions:
Opt for ATMs situated in brightly lit, secure locations, ideally within bank premises. 4o mini Examine the ATM for any signs of tampering prior to use. Shield the keypad while you input your PIN. Consistently review your bank statements for any unauthorized transactions.
KYC Update Fraud
• What It Is and How It operates :
Fraudsters impersonate bank officials, contacting
individuals to update their Know Your Customer (KYC) details. They
may request sensitive information or direct victims to fake
websites designed to steal personal data.
•
How to Detect:
Unsolicited calls or messages requesting personal information.
Pressure to provide information immediately.
Links directing to unfamiliar or suspicious websites.
•
Precautions:
Banks never ask for confidential information via phone or
email.
Visit your bank branch directly for KYC updates.
Do not share OTPs, passwords, or personal details with
anyone.
Online Shopping Frauds
• What It Is and How It operates :
Fraudulent websites or sellers offer products at prices
significantly lower than market rates. After payment, victims
may receive counterfeit goods, inferior products, or no
products at all.
•
How to Detect:
Offers that appear overly attractive or unrealistic.
Subpar website aesthetics, grammatical mistakes, or absence of contact details.
Absence of secure payment methods (missing 'https' in the web address).
•
Precautions:
Shop only on reputable and well-known websites.
Check for secure payment gateways.
Read customer reviews and ratings before making a purchase.
Avoid sharing unnecessary personal information.
Lottery & Prize Scams
• What It Is and How It operates :
Individuals are alerted with messages stating they have won a lottery or a prize. To claim the reward, they are asked to pay fees,
taxes, or provide personal information, which scammers then
exploit.
•
How to Detect:
Unsolicited messages claiming unexpected winnings. Requests
for upfront payments to release funds. Lack of official
documentation or verifiable information.
•
Precautions:
Ignore unsolicited messages about winnings. Do not share
personal or financial information. Verify the legitimacy of
the lottery or prize through official channels. Report
suspicious activities to authorities.
SIM Card Swap Fraud
• What It Is and How It operates :
Scammers obtain a duplicate SIM card for your mobile number
by providing personal information to the mobile
operator. This allows them to receive your calls, messages,
and OTPs, granting access to your bank accounts and
other secure services.
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How to Detect:
Sudden loss of network signal. Unauthorized transactions or
access to accounts. Unusual activity on your mobile
device.
•
Precautions:
Set up a PIN or password with your mobile operator to
prevent unauthorized SIM changes. Monitor your accounts for
suspicious activity. Contact your mobile provider immediately if you lose signal unexpectedly. Avoid sharing personal
Job Offer Scams
• What It Is and How It operates :
Fraudulent job postings or offers from fake companies
promise high salaries or lucrative opportunities. They may
require victims to pay fees for training, uniforms, or
placement, but no job is ever provided.
•
How to Detect:
Job offers without proper interviews or credentials.
Requests for upfront payments or financial information. Vague job
descriptions and unrealistic salary promises.
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Precautions:
Research the company thoroughly before applying. Exercise caution with job offers that ask for payment. Rely on reputable job platforms for your searches.
portals and consult with career professionals. Verify
contact information and visit the company's official website.
Business Email Compromise (BEC)
• What It Is and How It operates :
Scammers hack or spoof business email accounts to send fake
invoices or fund transfer requests to employees or
partners, often resulting in unauthorized financial
transactions.
•
How to Detect:
Urgent requests for wire transfers or changes in payment
details. Emails from unknown or suspicious email addresses.
Unusual language or formatting in official communications.
•
Precautions:
Verify financial requests through a secondary channel, such
as a phone call. Educate employees about phishing and
BEC tactics. Implement two-factor authentication for all
email accounts. Regularly update and secure email systems
QR Code Scams
• What It Is and How It operates :
Scammers send fake QR codes claiming that scanning them will
result in receiving money or special offers. In reality,
scanning the QR code authorizes a payment from your account
to the scammer's account.
•
How to Detect:
Unsolicited requests to scan QR codes
QR codes from unknown or suspicious sources
Unexpected payment requests linked to QR codes
•
Precautions:
Only scan QR codes from trusted sources
Verify the sender before scanning any QR codes
Double-check transaction details before confirming any
payments
Use official apps and platforms for payments
UPI Fraud
• What It Is and How It operates :
With the widespread use of Unified Payments Interface (UPI)
in India, scammers exploit users by sending fraudulent
"collect requests" or posing as customer support
to extract money through phishing.
•
How to Detect:
Unexpected payment requests from unknown contacts. Calls or
messages claiming to be from UPI support asking for
PINs or OTPs. Unusual activities in your UPI app.
•
Precautions:
Never share your UPI PIN or OTP with anyone. Verify payment
requests before approving them. Use official customer
support channels for assistance. Enable transaction alerts
to monitor activities in real-time.
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