The Chhattisgarh

Tag: Online Scam

  • Woman Falls Victim To Investment Scam, Loses Jewelry And Over Rs 24 Lakh |

    New Delhi: In the pursuit of high returns in the stock market, individuals are often lured into investment schemes promising quick wealth. Unfortunately, many fall prey to such schemes, resulting in significant financial losses. A similar incident unfolded in Pune, where a woman found herself duped after getting entangled in a fraudulent investment scheme.

    She ended up selling her jewelry and losing over Rs 24 lakhs. (Also Read: 6 Key Money-Related Changes Coming In April 2024)

    How Scam Unveiled?

    The victim, a woman from Pune, became a target of fraudsters who enticed her with promises of quick returns through a trading app. (Also Read: IPO Calendar: 11 Public Offerings To Hit Market This Week; Details Here)

    According to reports from The Times of India, the scam took place between January 2 and February 4. The woman initiated her trading activities through a mobile app, which was downloaded at the behest of the scamsters.

    Financial Losses

    The fraudsters, masquerading as investment advisors, persuaded the woman to invest in a scheme offering high returns. Believing their claims, the woman poured her savings into the scheme and even sold her jewelry to invest more.

    She received messages through the trading app, luring her with the promise of substantial profits. However, within a month, she lost over Rs 24.12 lakhs, falling victim to the scam.

    The Police Report

    The woman, realizing she had been deceived, lodged a complaint at the Sinhgad Road police station in Pune. As per police inspectors, she was continuously encouraged to invest more money in the fraudulent scheme.

    The fraudsters provided her with four bank account numbers, into which she transferred the funds gradually.

    Investment Fraud

    This incident adds to the growing number of investment fraud cases reported in Pune. Over the past two months, the city has witnessed 117 cases of investment fraud, including another instance where a woman lost Rs 67 lakhs.

    Authorities urge citizens to remain vigilant and cautious while investing and to report any suspicious activities to the cybercrime department.

  • MMDA Scam: Fraudsters Swindle Multinational MD Out Of Rs 4.8 Crore |

    New Delhi: Online scams have the potential to cause significant financial harm, often resulting in the loss of substantial amounts of money. Today’s news story highlights this issue, as a 67-year-old retired managing director of a multinational company in Thane has allegedly lost a staggering Rs 4.80 crore to an online fraud.

    The Thane crime branch uncovered that the scammers, pretending to be officials from central agencies, falsely accused the victim of drug trafficking and warned of police action. This pressure led the victim to share his secret bank details, which the scammers exploited to steal money. The situation was brought to attention when the Thane police’s cyber cell filed a report against three people. (Also Read: Vivo V29e Smartphone Gets Price Cut In India; Check Price, Discount and Specs)

    Fraudsters threatened with arrest warrants

    The victim got a call from the accused, who claimed they intercepted a package with illegal items like MDMA, passports, and credit cards bound for Taiwan, as per the complaint. To make it more convincing, the fraudsters had the victim’s personal details, including his Aadhaar card number. They also mentioned an alleged case against him at the Andheri police station in Mumbai, threatening him with arrest warrants and legal issues linked to money laundering and drug peddling. (Also Read: Former Twitter CEO Parag Agrawal Sues Elon Musk, Billionaire Responds With Emoji)

    Information disclosed by victim

    Disguised as part of an investigation, the fraudsters told the victim to download a video calling app, promising that an officer would handle the issue. Pretending to be from central agencies with fake logos, they pressured the victim into giving out personal information like bank account details, debit card numbers, and CVV codes. Moreover, the victim disclosed information about property deals in Pune and Murbad.

    Victim understood that he has been tricked

    The following day, the scammers accused the victim of making illegal transactions and said that the Reserve Bank of India (RBI) and a private bank were suspicious of his actions. They then told him to transfer Rs 1 crore to his wife’s account, which he did. But after talking to his son who lives in the UK, the victim understood that he had been tricked.

    Case filed under the Indian Penal Code

    The investigation found out that a total of Rs 4.80 crore was taken from the victim’s account. After the victim filed a complaint, the police registered a case against the accused under the Indian Penal Code and the Information Technology Act.

  • Online Scam: Elderly Man Ends Up Losing 3 Lakhs In Fake Electricity Bill Scam |

    New Delhi: In today’s digital age, online scams have become a prevalent threat, targeting individuals of all ages and backgrounds. With the rise of technology and the widespread use of the internet, cybercriminals are continuously devising new ways to exploit unsuspecting victims for financial gain. Today’s story is based on a recent incident involving a doctor in his 70s who faced a harsh lesson.

    According to reports from TOI, the 77-year-old doctor fell prey to an online scam, losing around Rs 3 lakh. The scam was perpetrated by someone pretending to be a representative of the electricity provider, who targeted the elderly doctor by claiming there were unsettled bills. Investigators suspect the involvement of an organized group behind this deceptive scheme. (Also Read: AI-Enabled Advanced Hearing Aids May Help People With Hearing Loss, Say Experts)

    Threatening Message from Strange Number

    The doctor shared his frightening experience, explaining that on February 23, he got a threatening message from a strange number claiming to be from BSES. The message said his power would be cut off right away if he didn’t pay overdue bills that day. Feeling pressured, the doctor called the number given and was pushed into paying Rs 10 for what he thought was an upgrade. Then, he was told to click on a link where he accidentally gave his debit card information. (Also Read: Flipkart Launches Its UPI Handle To Boost India’s Digital Economy Vision)

    Registration of case

    After ending the call, the doctor was surprised to find out that five transactions he didn’t authorize had taken a lot of money from his bank account. What was even more surprising was that he didn’t get any request for OTP verification while this was happening. He quickly told the cyber cell about what happened, and they registered a case under the relevant sections of the Indian Penal Code, like cheating, impersonation, and criminal conspiracy.

    E-wallet hacked

    More digging into the scam showed how much damage it caused. The person behind it set up call forwarding to stop the doctor from getting calls and messed with his WhatsApp account by sending out inappropriate stuff. On top of that, the doctor’s e-wallet got hacked, and even his Aadhaar Card details were changed, showing how tricky the scam was.

    Two more complaints on same number

    The police said they got two more complaints about the same phone number, showing that there’s a group working together. They’re taking serious steps to catch the people involved, like looking at call records and internet details linked to the phone number. Several teams are working hard to find and catch the people behind this plan.

  • Navi Mumbai Woman Cheated Of Rs 1.92 Crore In Online Share Trading Scam |

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  • MNCs’s Employee Loses Rs 80 Lakh To Man She Met On Matrimonial Site |

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  • Indian Websites, Applications Saw Over 5.14 Billion Cyberattacks In 2023: Report |

    New Delhi: Indian websites and applications witnessed over 5.14 billion cyber attacks last year, especially targeting the healthcare sector, a new report revealed on Thursday. With a 10 times increase in attacks, software-as-a-service (SaaS) companies in India emerged as key targets for cybercriminals due to the high-value customer data they store, according to the report by Indusface, a TCGF II (Tata Capital) funded application security company.

    The retail and e-commerce industries were mostly targets of carding attacks. Other industries analysed, include IT services and consulting, manufacturing, telecommunications, marketing, and advertising. (Also Read: From Investment To Income: A Rs 5-7 Lakh Investment In This Business Idea Could Yield Rs 1.5 Lakh Monthly Returns)

    “Along with card cracking or credential stuffing, we also saw bot-driven, low-rate Distributed Denial of Service (DDoS) attacks being used more frequently,” said Ashish Tandon, CEO of Indusface. (Also Read: Japan Loses Its Position As The World’s Third-Largest Economy To Germany)

    Coming to mitigation he added, “We have seen reasonable success where AI models are alerting our managed services team of possible anomalies and the team is able to quickly take mitigation measures.”

    Indusface’s ‘AppTrana’ network blocked 6.8 billion attacks globally, with 5.14 billion of those targeting Indian enterprises, SMEs, and government organisations. Cyberattacks exhibited an average quarterly spike of 63 percent from Q1 to Q4 in 2023, underscoring the urgency for robust cybersecurity measures, said the report.

    The report sheds light on the vulnerability of various industries, particularly the healthcare sector, where 100 percent of websites faced bot attacks, and the banking, finance, and insurance sectors, where 90 percent of entities experienced similar attacks.

    In 2023, eight out of 10 sites faced targeted bot attacks, witnessing a 46 percent increase each quarter, totalling over 467 million bot attacks. Major cyber attack origins, apart from India, included the US, the UK, Russia, Germany, and Singapore, the report mentioned.

  • Online Promises Turn Sour: Navi Mumbai Man Duped Of Rs 10.13 Lakh In High-Return Scam |

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  • Online Investment Fraud: Union Bank Manager Falls Victim To Scam, Loses Rs 21 Lakh |

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  • Online Scam Preys On Mumbai Senior Citizen, Resulting In Rs 4.4 Lakh Loss |

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