Fraud refers to any illegal or unethical deception or misrepresentation that is intended to result in financial or personal gain. Fraud can take many forms, including financial fraud, identity theft, and fraud in the workplace.
There are several new ways that fraud is being committed in India, including:
- Phishing scams: These involve fraudsters sending fake emails or text messages that appear to be from a legitimate source, such as a bank or government agency, in order to trick people into giving away sensitive information like passwords or credit card numbers.
- SIM swap fraud: This involves a fraudster convincing a mobile phone service provider to transfer a victim’s phone number to a SIM card controlled by the fraudster. This allows the fraudster to gain access to the victim’s online accounts and steal sensitive information.
- Online shopping fraud: This involves fraudsters setting up fake online stores and convincing people to make purchases, but never delivering the goods.
- Investment frauds: Fraudsters impersonate as stockbrokers or investment advisors and convince investors to invest in non-existent or fictitious schemes.
To protect yourself from these types of fraud, it’s important to be aware of the latest scams and to be cautious when providing sensitive information online. Here are a few tips to keep in mind:
- Be suspicious of unsolicited emails or text messages, even if they appear to be from a legitimate source.
- Do not click on links or download attachments from unknown sources.
- Be wary of online stores or investment schemes that seem too good to be true.
- Keep your mobile phone’s SIM card secure and be aware of any suspicious activity on your phone.
- Always use anti-virus software and keep it up-to-date.
- Be careful about sharing your personal information online.
- Always use strong and unique passwords for different accounts.
- Always keep an eye on your financial transactions and keep a check on your bank account regularly.
By following these tips, you can reduce your risk of falling victim to fraud and stay aware of new frauds in India.