Mumbai, Feb 2, 2024
The Reserve Bank RBI on Friday cautioned the general public against frauds in the name of KYC updation as more incidents are being reported of customers being cheated through this malicious practice.
The modus operandi for such frauds usually involves customers receiving unsolicited communications, including phone calls/SMS/emails, through which they are manipulated into revealing personal information, account/login details, or installing unauthorised or unverified apps through links provided in the messages.
Such communications often employ tactics of creating a false urgency and threatening of account freezing/blocking/closure, if the customer fails to comply.
When customers share essential personal or login details, fraudsters gain unauthoried access to their accounts and engage in fraudulent activities.
The RBI said in case of financial cyber frauds, members of the public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930).(Agency)
