November 15, 2024
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Tag: online fraud

Fake trading apps, WhatsApp groups and online training sessions: How a retired engineering college principal lost Rs 8 crore to stock trading scam – Times of India

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In a shocking case of online fraud a 59-year old retired principal from a prestigious engineering college in Hyderabad lost a huge sum of Rs 8.1 crore. Resident of Hyderabad, Chennupati Vijayakumar became a victim of an elaborate investment scheme scam. Vijayakumar began transferring funds through a fraudulent investment app called RK Global in July…

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Who is responsible for rising online frauds: Tension rises between technology companies and banks in the UK – Times of India

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Tensions are escalating in the U.K. as banks and payment companies grapple with social media firms over who should bear the cost of compensating victims of online fraud. Starting October 7, banks will be required to reimburse up to £85,000 to victims of authorized push payment (APP) fraud, a scam where criminals trick people into…

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Reliance Jio has a ‘cyber fraud’ warning for its customers: What it is and how to stay safe – Times of India

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Mukesh Ambani-owned Reliance Jio has issued a warning for its customers. The telecom service provider has issued a warning about scammers’ tactics and how they target unsuspecting users for cyber fraud. “For us at Jio, your security is always of utmost importance. Recently, we have observed cases of cyber fraud where scammers pose as representatives…

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