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Bengaluru techie shares new fraud criminals are using to steal your money

  • As online fraud cases surge, Bengaluru-based entrepreneur Aditi shared a cautionary tale on X, warning about a new scam tactic exploiting SMS messages.
  • During an office call, Aditi received a call from someone claiming to transfer money to her father. After receiving SMS alerts mimicking bank notifications, the caller alleged mistakenly sending Rs 30,000 instead of Rs 3,000 and urged Aditi to return the excess. Alert to discrepancies in the SMS alerts, Aditi avoided the scam.
  • This incident underscores the need for vigilance, urging individuals to verify transactions through secure channels, as reliance on SMS notifications alone can be exploited by cybercriminals.

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