New Online Fraud Steals Lakhs of Money From Gpay & Phonepe
Online bank frauds have become very common these days. Let us look at how these happen!
A new kind of online bank fraud has started where a fraud person would knowingly send money in your account using his mobile payment application. After sending money in your bank account through the app, they will call you and ask you to send the money back to him as it has been sent to you by mistake. In good faith and being honest, you would repay that ?10 or ?50 amount immediately to the caller's given mobile payment application number. When mobile payment applications Google Pay, PayTM, PhonePe, etc users resend the money, these fraudsters then hack their bank account using software Malware which are meant for cheating. Sometimes people share a screenshot of the repayment to the fraudster, you establish personal communication with him or her.
This enables them to target and misuse your sensitive personal data. There can be lakhs of money in your account and all will get stolen. There could be any private information on your phone which could be leaked out. One such scam, in February 2023, 81 people from Mumbai have lost around 1 crore collectively in just a matter of 16 days. Few of the victims had complained to their respective banks but there was little to no support from the same.
The banks claim that helping out becomes a little difficult when it is their customer's fault. Though, they are trying to do everything they can. So, one should avoid entertaining such unknown people. You can be safe by reporting any suspicious activity in your bank account or your mobile phone payment apps. If there is an unknown transaction of any sort, notify the police immediately. Do not send the money back and do not communicate with unknown people on the phone. They are well prepared to take action and stop your losses.
