What is KYC Fraud ?
For the last few months, a special gang of fraudsters has been active throughout the country. It has invented a new way of deceit. By becoming bank officers, these thugs have defrauded a large number of people.
For this, they provide access to people's mobile phone screens through the app. These fraudulent calls make people ask to verify their KYC. Then offer help to complete this work online. After this, their bank account is hacked. This is termed as KYC fraud.
An example of a true incident is mentioned below -
In Pune, a 38-year-old woman was made a victim of KYC fraud and an amount of Rs 14.49 lakh was stolen from the woman's account. With the help of KYC or (No Your Customer), the details of the customer are linked to the account and in the name of doing so many fraudulent users ask for backing details and OTP.
In the past, many cases related to this type of fraud have been reported and banks advise their account holders to be alert to avoid such fraud.
There was a call from the fraudsters of the woman and it was said that it is necessary to update the KYC in her account.
After this, a large amount of money was cleared from the woman's account as soon as she shared the details.
We are going to tell you how to avoid fraud involving KYC and what you should take care of as a bank account holder. A little carelessness can cause your account to become empty.
Let us tell you the important ways to avoid KYC fraud from your devices such as smartphone, laptop or even desktop.
In most cases, scammers call and say KYC expires. Do not trust any such call. Note, no bank is offering the option to update it when KYC expires with the help of a call.
Do not install any app
Scammers sometimes ask users to install an app in the phone, so that the KYC process can be completed. With the help of such an app, the device can be remotely controlled and fraud can be easily done. Do not download any app.
OTP sharing mistake
No matter how important it is, do not share OTP with anyone on your phone. Doing so can mean messing with the safety of your account. In any process, the bank does not ask for the user's OTP.
Account or mobile wallet details
Be careful not to share information related to your banking details or mobile wallet. Go to the bank directly and confirm if necessary. Sensitive information of users is not asked on the call from the bank.
Do not click on the link
It is better to avoid clicking on the link given in any kind of unknown message. Many links install malware into the device, with the help of which bank details are subsequently stolen
By using these above-mentioned ways you can easily avoid KYC fraud risks but since new methods are used by hackers all the time it is necessary to stay updated and be alert about KYC fraud cases.