Download A Booklet on Modus Operandi of Financial Fraudsters PDF
You can download the A Booklet on Modus Operandi of Financial Fraudsters PDF for free using the direct download link given at the bottom of this article.
A Booklet on Modus Operandi of Financial Fraudsters
There has been a sizable surge in usage of digital modes of payment during the recent years. This has not only led to improved customer convenience, but also contributed to achievement of national objective of financial inclusion to a great extent. As the ease of doing financial transactions improved, the number of frauds in retail financial transactions have gone up. Fraudsters have been using innovative methods to defraud the hard-earned money of common and gullible people, especially new entrants who are not entirely familiar with the techno-financial eco-system.
In compiling this booklet, the sole objective has been to pack between its covers maximum possible extent of practical information of real value, especially for those who are inexperienced in financial transactions. It is not just a collection of incidents, gathered at random from various sources, but a meticulously compiled document from the variety of complaints received at offices of Banking Ombudsman. This booklet is an attempt at creating awareness among public about the modus operandi of the fraudsters, while also providing some inputs about precautions to adopt while carrying out financial transactions. This booklet emphasizes the need to keep one’s personal information safe, beware of unknown calls/emails, practicing due diligence while performing financial transactions and changing the secure credentials/ passwords from time to time. Hence the title BE(A)WARE – Be Aware and Beware!
Modus Operandi
➢ Fraudsters create a third-party website which looks like existing genuine website, such as bank’s website or e-commerce website or search engine, etc.
➢ These links are generally circulated by fraudsters through SMS / social media / email / Instant Messenger, etc.
➢ Most of the time, customers enter secure credentials by just having a glance and clicking at the link but not checking the detailed URL.
➢ The links are masked through authentic looking names of websites, but in reality, the customer gets redirected to phishing website.
➢ When customers enter secure credentials on these websites, the same is captured and used by the fraudsters.
A Booklet on Modus Operandi of Financial Fraudsters PDF Download Link
[download id=”18057″ template=”dlm-buttons-new-button”]
Source: https://rbi.org.in/
Leave a Reply