Scammers have recently executed a bank KYC and PAN scam resulting in the theft of ₹1 crore from 81 Mumbaikars in just 16 days.
A new kind of online bank fraud has emerged, where fraudsters send money through mobile payment applications and ask for repayment, leading to potential malware phishing and human engineering scam.
Pavan Duggar, who is advocate at Supreme Court as well, told Mobile payment application users to ask the caller to come to nearest police station and receive its money instead of giving the money back to the sender.