Cyber ​​frauds are happening in the name of KYC update, keep yourself safe with these methods

How to stay safe from KYC scams: Due to increasing cyber crime in the country, people of the country have to lose crores of rupees every day. Cyber ​​criminals target people in different ways and make away with their hard-earned money in a jiffy. In recent times, many people have been cheated in the name of updating KYC (Know Your Customer). KYC is a process for banks and other institutions to verify the identity of their customers. Taking advantage of its shortcomings, fraudsters are deceiving people.

How is fraud happening in the name of KYC?

Cyber ​​fraudsters are creating accounts on the basis of someone’s personal information or fake documents, applying for loan or doing any illegal transaction. Apart from these, they create fake documents by tampering with someone’s photo or by collecting someone’s personal information and using it for their own benefit. What happens is that people do not even realize that illegal activities are being done in their name or on their account, due to which they may have to suffer the consequences in the future.

How to avoid such fraud?

It has become very important to remain alert amidst increasing cyber crime. If someone is asking you for information related to account details or KYC, then do not give any information without verifying from his organization. No bank or other institution asks for OTP, password and PIN number from its customers. Nowadays, cases of asking for personal information by posing as police officers are increasing. Be patient during any such call and do not share personal information. Do not download any app from unverified sources and do not share Aadhaar and PAN number etc. on public platforms.
If you have become a victim of cyber crime, then immediately contact the cyber crime reporting portal or cyber crime helpline.

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