Paytm founder Vijay Shekhar Sharma shared a funny encounter with a scammer impersonating him on social media.
The scammer tried to extract sensitive information about Paytm funds by pretending to be Sharma and requested for contact details of company's finance head and to forward a suspicious .exe file.
In response, Sharma posted screenshots of the conversation on social media, highlighting the absurdity of the impersonation attempt.
In a related move, the Telecom Department introduced the ‘Financial Fraud Risk Indicator’ to combat cyber fraud and financial crimes by facilitating enhanced intelligence sharing with banks and financial institutions.