Dealing with Frauds and Scams

A Gang of fraudster are selling Bank Details of card like, the CVV number, and phone numbers and email IDs just for Rs.500 on the Dark Web. These card details are used on international website's where OTP is not required. Madhya Pradesh police cyber cell caught two members of this gang among which one is a former Cognizant employee and other one employed with HDFC bank. HIGHLIGHTS MP Police busts international gang behind data theft Former Cognizant and HDFC Bank employees held Debit and credit card details, including the particulars of the bank account a card is linked to, the CVV number, phone numbers and email IDs are said to have been compromised Read Full News Timesofindia

When you search Forex Trading online, you will see a lot of portals that promise you high returns on the basis of Trading Foreign Currency. But are you aware that this is not allowed. RBI recently released a circular that was shared with me by HDFC. I am adding the entire details below with FOREIGN EXCHANGE MANAGEMENT ACT, 1999 PDF file. Read these things below before going on for Forex Trading.  We wish to bring to your notice the following instructions as issued by the Reserve Bank of India vide its circular dated Sep 17, 2013 - HDFC Remittance in any form towards overseas foreign exchange trading (including through electronic/Internet trading portals or by use of credit/debit cards) is strictly prohibited and accordingly, the customers are cautioned not to remit or deposit money or utilize their credit/debit cards for such transactions. Further, a ny person , resident in India collecting and effecting / r emitting payments directly /indirectly outside India in any form

A recent news published in The Times of India, a woman from Mumbai lost Rs.29,000 on a fake call she received from ICICI Credit Card division. The girl who called knows that the woman's credit card is going to expire + a new card is couriered to her. Taking benefit from other basic info about the woman, she made a trap by saying that there are 9000 credit points, and if you want to transfer you have to follow a verification process, the innocent woman unaware, trusted due to the info the girl has and lost Rs.29,000 on it. The woman registered a FIR against the caller, yet seems there are no progress. So take care, there are many fraud calls and these people know your details, they are aware about the bank verification process. Do not share anything at all. Original News I really liked Paytm's way to aware their users about security on using cards and paytm password, you can hear the recording of process below. Paytm's Call Recording:

Credit Card Frauds are common, you get a call from a fake bank representative for upgrades and scheme. Consumer got trusted on the basis of authentication process and duped for money. After getting into trap, while complaining to bank, the Bank says you have to pay everything, they are not liable. Thanks to RBI, now has a fresh directive, you don’t have to pay if you report to bank within the first 3 days. Remember the first 3 days are crucial. RBI introduces “Zero” / “Limited Liability” for fraudulent or unauthorized electronic transactions. RBI released final guidelines,  a customer will bear ‘zero’ liability in case of a fraudulent transaction if there is contributory fraud or negligence on the part of the bank. The case is similar even if there is no involvement of the bank. So, in case of a third party breach, where there is no involvement of the bank, the customer will bear zero liability if the fraud is reported to the bank within three working days of receiving communicatio

IVR Scam is a new tread today where scammers dupe people very easily through phone banking. Banks are not aware neither nor take any action against it. I am providing you some link that will guide you more in case you are receiving fraud calls. One of the biggest loop hole is that, the scammer's have data about your Credit Card. This information is only with the Bank and is not leaked anywhere. If you are doing a lot of online shopping, then they can also be held responsible. But reputed online shopping site take special care when you use your cards on the web. A old scam of Divine Technologies is still active. This time scammers are calling with different company name and offers. One step Banks like HDFC can take is ban companies who is using this accounts and phone IVR. The best thing about this scammers is that they are well versed how to use OTP generation system to doop people. On the other hand, people who are using banks service never knows that this kind of service are

There is a new scam ongoing based on US Visa  allotment.There is one person who has reported this and she had already faced the scam. Avoid such emails and reporting to legal authorities or if you had paid then complaining to your bank will not help. Nobody cares to help. Miss Young Email id - conference conference <conferenceconference2@gmail.com>;      CONFERENCE INVITATION>>>>>>>>>>>>>>>>> Dear Colleagues, It is our great enthusiasm we the members of GLOBAL WELFARE ON CHILD DEVELOPMENT of united state invites Welfare organizations, youths and youth-focused organizations to take an active role in this forth coming International conferences taking place in the USA. This conference will take place from 20th December 2014 to 25th and have its theme as HIV/AIDS Prevention for teenage drug and alcohol users, Child sexual assault, child prostitution, and Youth off the Street’s This conference will commence from 26thr