Getting alerts to update your KYC? Watch out

A total of 140 cases have been registered against SBI KYC fraud so far and an amount of Rs. 67,10,021 has been siphoned off from the accounts of the citizens of Cyberabad this year

By Newsmeter Network  Published on  6 Oct 2021 6:58 AM GMT
Getting alerts to update your KYC? Watch out

Hyderabad: Cyberabad police have registered 140 cases against online fraudsters for cheating gullible people in the name of KYC.

Police said cyber fraudsters have cheated people to the tune of Rs 67,10,021 in the name of the online KYC

Cyberabad Police Commissioner Stephen Raveendra said the fraudsters are contacting SBI account and credit card holders by constantly sending them SMS and calls warning them to update their KYC.

"The customers are then urged to download apps like AnyDesk app, Quick Support app, Team Viewer App, etc. to update their KYC. Once these apps are downloaded, the customer is asked to pay a checking fee of Rs 10 or Rs 100. When the customer transfers this amount by entering his bank account details, his or her account is hacked and money is debited into the fraudster's account in multiple transactions," he said.

Stephen said in most of these cases, an NGROK or Bitly link is sent along with the message asking the user to click on it and update their KYC. "Once the user clicks the link, it redirects him to a fake webpage similar to SBI net banking. When the user enters his bank account details, the fraudster collects these credentials," he said.

Cyberabad Police has requested all citizens to remain vigilant and never reveal their PIN or OTP.

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