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News on Medial
Bengaluru woman made to strip by scammers posing as govt officers
Livemint
·
1y ago
Medial
A woman in Bengaluru fell victim to cyber scammers who not only extorted money from her but also forced her to strip on a web camera. The scammers impersonated Mumbai police officers and claimed that drugs had arrived in her name. They threatened her with serious charges and coerced her into sharing her screen and performing a "narcotic test" on camera. The scammers managed to extort over ₹10.7 lakh from her before she sought police assistance. An investigation has been launched. FedEx has also issued a warning to customers to report any suspicious incidents.
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Cyber scam: Fake CEO profiles dupe companies of Rs 7 crore
Economic Times
·
8m ago
Medial
Cyber criminals are posing as high-ranking officials to defraud companies by tricking employees into transferring money into their accounts. According to the Delhi Police, these scammers have managed to siphon off over Rs 7 crore in three reported cases over the past two weeks. The fraudsters create fake WhatsApp accounts using profile pictures of company heads and contact financial officers to request urgent fund transfers. They provide fake beneficiary account details and use pressure tactics to expedite the transactions. Companies are urged to adopt stringent protocols, verify requests physically, and educate employees about impersonation attempts.
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'Digital Arrest' scam wipes out life savings of 90-year-old in Gujarat
Livemint
·
8m ago
Medial
A 90-year-old man in Surat, Gujarat was scammed out of his life savings of over ₹1 crore by fraudsters posing as CBI officers. The scammers, in collaboration with associates in China, initiated the scam through a WhatsApp call, accusing the victim of being involved in drug trafficking and money laundering. The conmen placed the victim under a 'digital arrest' for 15 days, extracting sensitive information and transferring ₹1.15 crore from his bank accounts. While some suspects have been apprehended, the alleged mastermind remains at large. The victim's lack of familiarity with digital crime was exploited by the fraudsters.
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WhatsApp fraud: 75-year-old man scammed of ₹11.1 cr - here's what happened
Livemint
·
8m ago
Medial
A retired 75-year-old man from Mumbai has fallen victim to a scam, losing a whopping ₹11.1 crore. The scam started with the victim being added to a WhatsApp group posing as a legitimate financial services company. The scammers lured him with promises of profitable investments in the stock market, eventually convincing him to download a fake trading app. Over the course of several weeks, the victim made multiple transactions, transferring funds into different bank accounts provided by the scammers. The fraud serves as a warning to be cautious when dealing with unfamiliar groups or apps offering quick financial gains.
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Fake deals, real danger: Why influencers are falling prey to fraudsters
Livemint
·
6m ago
Medial
Scammers are increasingly targeting influencers by posing as brand representatives and offering fake deals. Influencers, eager for partnerships, often fall prey due to publicly available contact information. Scammers seek personal data and may use blackmail, exploiting influencers' fear of public image damage. Cybersecurity experts recommend vigilance and verification before sharing data. Legal experts emphasize caution and limiting data shared. Recent scams have called for heightened awareness and protective measures in the influencer community.
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Nithin Kamath sounds alarm over digital arrest frauds in India
Economic Times
·
4m ago
Medial
Zerodha co-founder Nithin Kamath warned about the rise of digital arrest frauds in India, where scammers pose as law enforcement officers to extort money. Victims, often senior citizens, are tricked into thinking they face legal trouble unless they pay up. Scammers use fear and sophisticated tactics, including fake identities and extensive personal information, to deceive their targets, leading to significant financial losses. Kamath advises caution against unknown calls and messages.
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Scammers using fake QR codes to steal your information, warns US FTC
Economic Times
·
1y ago
Medial
The US Federal Trade Commission (FTC) has issued a warning about scammers using fake QR codes to steal personal information. Scammers are hiding harmful links in QR codes and may send them through text messages or emails, posing as package delivery notifications or account verification requests. The scammers create a sense of urgency to trick users into scanning the QR codes, leading to a spoofed website where personal information can be stolen or malware can be installed. The FTC advises users to be cautious and only scan QR codes from trusted sources.
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You are under digital arrest! How fake cop scams draining victims’ bank accounts
Economic Times
·
9m ago
Medial
Digital arrest scams are on the rise in India, with scammers posing as officials from law enforcement agencies and coercing victims into paying large sums of money to avoid legal trouble. The scams start with a phone call alerting the victim to a parcel containing illegal substances or accusing them of criminal activity. The scammers then video call the victims, level false charges, and order them to stay at home under 'digital arrest'. The victims are instructed not to contact anyone and are then coerced into making online transfers to the scammers. These scams have led to significant financial losses and highlight the need for stricter regulations and awareness among the public.
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Sachin Bansal's Navi Technologies defrauded of Rs 14.26 crore by scammers
Economic Times
·
6m ago
Medial
Navi Technologies, a fintech venture by Flipkart cofounder Sachin Bansal, suffered a Rs 14.26 crore financial loss due to scammers exploiting a payment bug. The scammers manipulated the payment process by altering the payable amount through a third-party payment gateway, causing the system to erroneously register payments as complete. A police case has been filed in Bengaluru. This incident occurred shortly after the Reserve Bank of India lifted previous restrictions on the company.
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SC Stays Cheating Case Against Shaadi.com's Anupam Mittal
Inc42
·
1m ago
Medial
The Supreme Court has paused a criminal case against Anupam Mittal, founder of Shaadi.com. The case emerged from a complaint by a Hyderabad woman who alleged she was scammed by a man on the platform. Identified as Cherukuri Harsha, he allegedly used a fake profile with a politician’s image, posing as a groom. He deceived her into transferring over INR 10 lakh, citing false emergencies like frozen bank accounts, as reported by The Times of India.
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Piyush Pandey steps down from Ogilvy India, VR Rajesh to be new CEO: Report
Livemint
·
1y ago
Medial
Piyush Pandey has stepped down from his role as chairman global creative and executive chairman at Ogilvy India and will be succeeded by VR Rajesh starting from January 2024. Hephzibah Pathak has been appointed as the executive chairperson, becoming the first woman in the role. Pandey will now serve as chief advisor, while SN Rane will work as the company's business advisor. Three chief creative officers, Harshad Rajadhyaksha, Kainaz Karmakar, and Sukesh Nayak, will join the board of Ogilvy India.
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