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    Another KYC scam doing the rounds: Here's how you can protect yourself

    Synopsis

    A new scam has proliferated across the country in the past few months. Here's how it works.

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    In this scam, you are asked to download an app to facilitate step-by-step guidance.
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    A new scam has proliferated across the country in the past few months. Scamsters posing as bank officials have duped people by gaining remote access to their mobile phone screens through an app. They call up the victim and tell him his KYC needs to be validated, offer to help him complete the procedure online and then hack into his bank account.

    In July, Sandeep Choubey of Indore got a call from a man who identified himself as a customer care executive from an online food-ordering company. He lost Rs 2.28 lakh to the fraud. Last month, Mumbai-based Dhananjay Joshi lost Rs 1.6 lakh after a fraudster got him to download an app to complete his KYC details. Police are looking into the case.

    How the scam works:
    1. You get a call that your wallet or bank KYC is invalid.
    2. Caller says it can be validated online so that your account is active again.
    3. You are asked to download an app to facilitate step-by-step guidance.
    4. When you use the app, caller can see your phone screen.
    5. He asks you to transfer a small token amount to your wallet.
    6. When you do so, he can see your password and other details.
    7. He uses them to simultaneously transfer larger amounts from your bank.
    8. Victim gets OTPs for all transfer requests but these can be seen by scamster via the app.
    9. In a matter of minutes, the scamster cleans out the bank account.

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    19 Comments on this Story

    Ravindhra A308 days ago
    WHAT ARE THE COURTS AND GOVT IS DOING ? JUST CST CACHING AND RELEASING THEM ITH MINIMUM PUNISHMENT AND DONT ASK POLICE THEY ARE COMPROMISED WITH BRIBES OFFERRD BY CRIMI ALS MOSTLY. All such criminals when CAUGHT MUST BE JAILED FOR 10YEARS HARDEST PUNISHMENT AND ALL THEIR ACCOUNTS MUST BE DILUTED TO PAY FIRST VICTIMS THEN TO GOVT.
    john tarun311 days ago
    paytm took 3000 in wallet from my bank in January and now wants aadhar for subsidy? also hdfc suddenly after 13 years blocks my account and asks for pan card which I had given them 10 years ago. most banks and mutual funds nuts have blocked accounts and asking for pan card. many other mutual funds suddenly shift from growth to dividend and never show account details from 10 years. liars hypocrites are cursed to hell for their evil deeds.
    kgsj311 days ago
    There are apps that steal photos personal information bank sms OTP etc The more Tec improve more dangerous criminals arise unfortunately our police and judiciary are not equipped to catch tech savvy criminals
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