Digital Scams Exposed: Are You Protected?

As per the Indian Cyber Crime Coordination Centre (I4C), Indians lost over ₹11,333 Crores to cyber fraud in just nine months of 2024! With over 6,000 digital scam complaints filed daily, online fraud is more rampant than ever.

In this video, we’ll dive into some of the most common digital scams that can put your money and data at risk. You’ll learn how phishing frauds can trick people into sharing sensitive details and how identity theft allows fraudsters to misuse your personal information.

The video also explores how UPI scams could drain your bank accounts and how unbelievable deals on fake websites might lure in unsuspecting buyers in online shopping scams. By understanding how these scams work, you can stay alert and better protect yourself and your loved ones.

Next, you will learn about tips to avoid falling prey to digital scams. Stay cautious of unknown links and attachments and be careful when sharing private information. Don’t share your UPI PIN with anyone and always verify online sellers before making a purchase. Simple precautions, like checking website authenticity and avoiding suspicious links, can also go a long way in keeping your finances safe.

Stay informed, stay alert, and safeguard your online experience against cybercriminals.

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Key Takeaways

Cybercrime is rising rapidly, with Indians losing over ₹11,333 Crores in the first nine months of 2024

Phishing scams involve fraudsters impersonating trusted entities to steal personal details, passwords and banking information

Identity theft occurs when scammers obtain personal information and use it to make purchases or access bank accounts

UPI frauds exploit the convenience of UPI payments, using malware apps and fake QR codes to steal login details or fake payment requests

In online shopping frauds, victims are lured with fake websites and unrealistic deals on counterfeit or non-existent products

Protecting yourself from cyber fraud requires vigilance, awareness of common scams, and practicing safe online habits

Key preventive measures include being cautious of suspicious links, protecting personal information, and safekeeping your passwords, PINs, etc.

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Phishing scams involve fraudsters impersonating trusted entities to steal personal information through emails or messages. To avoid these scams, avoid clicking on links or attachments from unknown sources. First, verify the sender's email address for legitimacy.

You might notice unauthorized transactions in your bank statements or unexpected loan EMI notifications. Watch out for unfamiliar credit card charges or suspicious login attempts to your banking or other accounts. Regular monitoring of your credit report could help detect unauthorised transactions or accounts that may have been opened in your name.

You could check your actual account balance and transaction history or verified UPI or banking applications. It’s better to avoid relying on any messages or screenshots sent, as they could be fake. Also, remember that receiving money doesn't require entering your PIN. Never share your UPI PIN, even if someone urges you claiming that it's an emergency.

You might want to check for secure website indicators like "https://" and a padlock icon. Research the seller's reputation through independent reviews and ratings. Watch out for unrealistic discounts and pressure tactics. Check the product images and information carefully and verify the website's contact information and return policy before ordering.

You could start by immediately changing all your passwords and enabling two-factor authentication where possible. Contact your bank to freeze potentially compromised accounts. File a complaint with the cybercrime cell and maintain documentation of all unauthorised activities. Regularly update software and devices and stay vigilant about unsolicited emails or messages that request personal information.

Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2027) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)

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