Cybercrime cases in India: AVOID money loss by knowing these 5 common cyber frauds for internet users | ET NOW SWADESH EXCLUSIVE | #cybercrime | #infosec

Cybercrime cases in India: Financial frauds have escalated in frequency and complexity due to the widespread use of the internet. Presently, a fresh form of fraud has emerged involving courier companies.

Nithin Kamath, the co-founder and CEO of Zerodha, a prominent Indian brokerage firm, recently recounted an incident on social media in which one of his colleagues fell victim to a fraudulent scheme impersonating FedEx.

Sextortion: Fraudulents blackmail mostly the men after they trap the victims through a obscene video call by a girl. The video is recorded after which the victims is blackmkailed through this video.

Cryptocurrency fraud: Cyber frauds seek investments in cryptocurrency through Instagram, facebook, Telegram and other messaging and social media platforms.

Part-time job fraud or YouTube video like fraud: First you get little amount of money for liking the video. After sometime you are given some paid tasks and they seek huge amount of money from victims in the name of tasks which may vary between Rs 50,000 – Rs 200,000 lakh. They even show you the fake dashboard to scam people. As soon as your transfer the big amount they run away with your money.

IVRS calls: Fraudsters call victims impersonating as FedEx employees, CBI Officers, police officers or narcotics personnel to scam people. They call from 9-digit number and tell a fake story that fake passports and drugs were caught by the officials to scare people and demand money and they call the victims through Skype call. There may be a possibility of data leak from FedEx.

Use forged documents: Fraudsters also use fake identity cards and documents of police officials to make people believe their version. People easily fall prey to these tactics.