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Web of deceit: Online job fraud complaints up 84%
The number of online job scam calls and phone fraud complaints in Delhi has increased in 2023 compared to the previous year. Online job fraud complaints have increased by 84% and fake call complaints have increased by nearly 52%. Scammers have changed their tactics, offering data entry and work-from-home jobs instead of employee registration. Fraud calls can be categorized as voice phishing scams, targeting foreign nationals and people within the country. Police have busted gangs involved in cyber scams and advised the public to never share personal information over the phone or internet.
Cyber insurance policies get clicks as victims look to cover their losses
A growing number of individuals and companies in India are buying cyber insurance policies to protect themselves from the rising threat of cyber scams and fraud. Insurance companies are offering coverage for cybercrimes such as phishing, online transaction fraud, and cyber extortion. However, the adoption of these policies is still relatively low due to a lack of awareness. Premiums for cyber insurance policies have almost doubled since the pandemic, reflecting the increased risk and number of cyber frauds. Insurance players are working to streamline the purchase process and make it more digital-friendly.
City resident falls victim to cybercrime, loses 2.25cr
In what is believed to be the largest cybercrime case in Thiruvananthapuram, India, nine unidentified men extorted Rs 2.25 crore from a 72-year-old resident by threatening to implicate him in a drug case. The victim was contacted by the fraudsters, who posed as employees of a courier firm and claimed that a package containing drugs and fake passports had been sent from his address. The fraudsters convinced the victim to cooperate with their investigation and transferred the money from his account to multiple bank accounts. Police are now attempting to freeze the accounts.