Pune man loses ₹2.1 crore to online fraud: How to keep yourself safe from cyber criminals?
A Pune man was recently conned of a whopping over ₹2.1 crore by cyber criminals in a well-organised fraud.
The victim went to the extent of borrowing ₹70 lakh, and used the proceeds of his house in order to invest. Although it appears startling to cough up a whopping ₹2.1 crore on the nudging of an obscure investment platform, it is more than what meets the eye.
The investment platform very subtly enabled the investor to transfer ₹3 lakh to his bank account from this platform which made him believe that the platform carries out legitimate investment activity.
It is vital to remember that this was not first-of-its-kind online fraud. A number of such con jobs have taken place across the country in the recent past. Rajesh Kumar, CEO of India Cyber Crime Coordination Centre (I4C) recently was quoted in a media report saying that India has lost RS 10,319 crore to reported cyber heists since April 2021.
Out of this money, ₹1,127 crore belonging to 4.5 lakh victims was blocked on account of prompt government initiatives. However, only 9 to 10 per cent of this money was returned to the victims.
The bad news is that these con artists are tech savvy, but the good news is that the modus operandi that they use is similar in most — if not all — of these cases.
If you want to protect yourself and your money from fraud (s) of any nature, be extra cautious and make sure you follow the steps mentioned below.
Reputation matters: Don’t get carried away with the promise of high returns. Invest only via virtual platforms that are reputable and are often quoted in the media reports.
Also, it helps if you have seen the founder or CEO on business channels, or your friends or family have recommended the platform. In the matters of
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