Fake offers to malicious apps: 5 ways to protect your money and bank account – CNBC TV18

The festive shopping season may be over, but online fraud risks persist. Fake discount offers, cashback messages, impersonation calls and malicious applications continue to be used by fraudsters to trick consumers into sharing sensitive information or transferring money.

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Recent cases highlight how these scams operate.

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In Pune, an 80-year-old man allegedly lost ₹5 lakh after a fraudster posing as an Election Commission official persuaded him to download an application for a voter card update. In Hyderabad, an investigation into a fraud involving a promise of ₹45 lakh for an old ₹1 note reportedly uncovered a network of mule accounts.

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With artificial intelligence (AI) making fraudulent websites, messages and voice calls more convincing, consumers cannot rely solely on obvious signs such as spelling mistakes or poor website design.

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Cybersecurity firm Protectt.ai and the National Payments Corporation of India (NPCI) have highlighted several precautions consumers should follow to protect themselves from digital fraud.

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Verify offers before clicking on links

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Fake shopping websites, duplicate links and unsolicited messages offering discounts, cashback or free vouchers are common ways to lure consumers.

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NPCI advises users to shop only through official websites and applications and avoid links or files received from unknown sources.

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Protectt.ai also cautions…

Original source: https://www.cnbctv18.com/technology/

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