The obvious choke point is the banking system. Digital fraud, by its very nature, has to route the loot through digital transfers between bank accounts. This is what enables this type of crime. If dealt with properly, this is also its weak link. While there is some news about banks proposal to link with MHAs cybercrime system, a lot more needs to be done.
Police say a Guelph woman lost $30,000 after a man claiming to be from CIBC's fraud department called her on Saturday and said her credit card had been stolen.
Mumbai Crime Branch says former bank employee who has been arrested thrice in the past used intricate knowledge of the system to forge documents, defraud citize
Cyber cells in Kolkata have seen a rise in complaints of credit card frauds, particularly targeting women. Fraudsters are using the pretext of Durga Puja "packages and offers" to deceive victims. Authorities have issued warnings to the public to be cautious when dealing with unverified websites and not to share banking details with suspicious platforms or trust unsolicited callers.
Viewers often ask the News 8 On Your Side team: "How can people fall for some of these scams you talk about? It's obvious it's a scam." Well, not always.