On January 19, The Indian Express had first reported on how cyber frauds mimicked the website of Kayani Bakery and created a fraudulent Google listing in the bakery’s name to perpetrate a major scam.
The police explained that such 'man-in-the-middle' cyber attacks start with the hacking of email accounts of either of the parties involved in a business transaction
Here is a look at how these latest cyber scams work in which, investigators say, scamsters exploit what is known as the “sunk-cost fallacy”, like in many other cyber scams.