Telangana: Beware! KYC update scams the new bait for cyber frauds

HYDERABAD: Cyber criminals have now shifted their focus on luring victims on the pretext of updating their Know Your Customer (KYC). The offenders, in such cases, impersonate agents from online wallets or credit card service providers.
In one such case, a 45-year-old from Sanathnagar received a call from a supposed credit card service asking him to update his KYC.The caller said the service will be blocked if he did not do so. Falling for this, the victim clicked a link sent by the caller and revealed his account details and within no time ended up losing Rs 1 lakh from his account.
“The moment they say their account or card will be blocked, the victims panic. They take advantage of that and lure victims to install remote access applications like Team Viewer, Quick Support, Any Desk or similar on their phones to gain access,” said ACP S Harinath, cybercrime Rachakonda.
In another case, a 23-year-old teacher from Hafeez Babanagar lost close to a lakh. A person posing as an agent from Google Pay customer care told her that she would lose Rs 9,000 every month if she did not de-activate her account. “He convinced me that he would de-activate the account and save me from losing money. He sent me a link of a Google form and asked me to fill the data,” she said in her complaint. As instructed, she entered her card details and later an OTP. Soon after money was deducted. But she was assured the amount will soon be refunded but later realised she was cheated.