These scams work by enticing people with small payouts on investments or bets, and building trust. When they start investing more money, it disappears, say police.
Delhi Police have busted pan-India gang, arrested 23 people. Alleged scam worked by procuring people’s net banking credentials. Victims may have lost more than Rs 20 crore.
Banks have been asked to prepare a list of sensitive positions to be covered under ‘mandatory leave’ requirements and also review the list periodically.
The facility empowers both the banks and the police by leveraging new-age technologies for sharing online fraud-related information and taking action in almost real-time.
Lawyers against Covifraud and India pro bono lawyers are among the groups that have organised through social media to offer advice and aid to victims of pandemic-related frauds.
While Delhi Police has launched a helpline for victims, many are taking to social media to share how they paid for oxygen cylinders that never came, or were even sent fire extinguishers instead.
According to Delhi Police, 62% of all cyber complaints were related to financial fraud, 24% involved social media while the rest were cases of extortion, hate speech and others.
Uttar Pradesh tops the list in cyber crime, with a majority of the cases for fraud, while Mahrashtra saw the most number of sexually-motivated cyber crimes.
The conglomerate will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani’s Reliance Industries.
China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.