Hyderabad: Man loses Rs 4.2 lakh in KYC fraud case

HYDERABAD: A 70-year-old retired government employee lost Rs 4.2 lakh in a KYC (know your customer) fraud case. An unidentified man, posing as a Paytm employee, lured him into completing his Paytm KYC process, by stating that his account will be blocked if he doesn’t do so.
The victim, who resides in Sainikpuri, received a message stating- “Dear customer your KYC has been suspended.Paytm office Ph: 70xxxxxxxx calls immediately, your account will be blocked within 24 hours. Thank U Paytm team”.
Fearing his account will be blocked, the victim dialled the phone number and spoke to the accused, following which the accused instructed him to install AnyDesk app on his mobile phone and asked him to share the ID of the remote access app.
“He was asked to add Rs 10 to his Paytm wallet. The moment he shared credit and debit card details and OTP in the app, money was deducted,” said a police official from Rachakonda cybercrime cell. A case was registered by Rachakonda cybercrime police.
“Many fraudsters these days are sending such bulk SMSes, and most of the victims are aged above 55. Citizens have to be cautious, KYC frauds have seen a sudden rise during the lockdown,” said ACP S Harinath, cybercrime, Rachakonda.