KYC Fraud: SBI said in a tweet, KYC fraud is real. It has spread all over the country. The fraudster sends a text message posing as the representative of the bank/company to get your personal details.
With the increase in online transactions during the Corona period, the cases of fraud have also increased. Nowadays cyber criminals are trapping people in their trap by pretending to KYC update. In view of this, the country’s largest public sector bank State Bank of India (SBI) has warned its customers about KYC fraud. In its tweet, SBI cautioned customers saying, KYC fraud is real, and it has spread across the country. Do not click on any KYC update link.
SBI said in a tweet, KYC fraud is real. It has spread all over the country. The fraudster sends a text message posing as the representative of the bank/company to get your personal details. Report such cyber crimes at http://cybercrime.gov.in.
Tell me safety tips
>> SBI has given safety tips to avoid KYC update fraud with customers. In safety tips, the bank said that think before clicking on any unknown link.
>> Bank never sends any message to any customer for KYC update.
>> Do not share your mobile number and confidential data with anyone.
KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details. Report such cybercrimes here: https://t.co/3Dh42iwLvh#StateBankOfIndia #CyberCrime #StaySafeStayVigilant pic.twitter.com/eVVFAnMgTN
— State Bank of India (@TheOfficialSBI) July 12, 2021
The government also cautioned
The Ministry of Home Affairs has also warned about KYC fraud. The Ministry of Home Affairs has said that beware of KYC / remote access app fraud. Nowadays fraudsters are asking people to get KYC done by calling or SMS. In this way, they are carrying out criminal activities by getting their personal data from people.
KYC means Know Your Customer. This is an important step by the banks to ensure that their customers are genuine. The Reserve Bank of India (RBI) has asked banks and other regulated financial institutions not to impose any penalty on customers who do not update KYC by December 31, 2021.
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