Beware

Very Important to avoid becoming victims of cybercrime.

CHM

---------- Forwarded message ----------
From: Rangarajan T.N.C.<tncrangarajan@gmail.com>
Date: Tuesday, May 8, 2018
Subject: beware
To: 

The most common tactic is impersonation. Mandal and his like make calls posing as bank managers, getting their victims to share bank account and card details, and then use the information to move the money to their accounts. Typically, targets are told that their ATM card has been blocked and that if it's not renewed soon, it will remain inactive. India has over 1.5 billion savings and current banking accounts and some 29 million credit cards and 820 million debit cards — and the chances of someone believing the call to be a genuine one are high.

The 16-digit card number and its details are next asked for. While on the call, one of them is feeding this information in an e-wallet, including the CVV number, and expiry date of the card. Then, they tell the victim to share an OTP message they would be receiving from the bank, which is essential for the criminals to transfer money from the victim's account to an e-wallet such as Paytm or Oxigen. This e-wallet is already linked with a bank account opened only for this purpose.

"It's mostly a fake bank account opened with fraud KYC documents," adds Kumar, the DSP of Jamtara's cyber crime police station.

Soon, the money is withdrawn and distributed among everyone involved in the heist. Not all involved in the crime have e-wallets; the ones that do become the centrepiece of this entire chain.

https://factordaily.com/india- winning-war-on-cyber-crime- jamtara/