According to the Hyderabad Times report, the Hyderabad Cybercrime Police has helped to get back Rs 39 lakh of a person who was a victim of stock trading fraud. The victim is being described as unemployed, who transferred a total of Rs 78.70 lakh to various bank accounts provided by fraud. The fraudsters had lured the person to earn money easily and the victim deposited money in installments. However, then the person realized that he was frauded when he was not able to withdraw money.
The generation lodged a complaint in the case, on the basis of which the cybercrime police started investigation. The report further stated that notices were sent to the bank officials and action was taken to seize the fraud amount. The complainant was also asked to file a petition in the court for the return of the amount kept in the fraudulent account.
Nowadays such incidents are growing very fast, where fake apps are downloaded to earn money early through jobs or trading or a person is implicated by chatting through Telegram or WhatsApp and millions of rupees are cheated. Similarly, UPI and OTP scam are also increasing, for which the government is constantly making people aware and asking to remain alert.
Let us know that in the last few years, the scope of online payments has increased rapidly. In May this year, the Unified Payments Interface (UPI) transactions set a record, with 14.04 billion UPI transactions, which had a value of about $ 20.45 million. At the same time, India’s National Cyber Security Agency, CERT-in issued a necessary advice for the people due to the growing OTP fraud in the country. In this, people were informed about how to avoid OTP (One-Time Password) fraud. With digital payments being rapidly common, scammers have prepared many attentive maneuvers to cheat people to share OTP with them, causing people to suffer losses of up to millions of rupees.
