To highlight a new type of fraud doing the rounds, ICICI Bank sent an email to its customer to create awareness on this type of financial fraud. According to bank fraudsters are scamming people off their hard-earned money through Whatsapp and Facebook.
Here is a look at how this fraud works.
Frauds through WhatsApp/Facebook account
Fraudsters access a customer’s Facebook or WhatsApp account and send messages requesting money to the contacts on the customer’s contact list. said, “In these desperate times, we have seen many genuine requests for funds, so a request from a known contact does not feel out of the ordinary.”
The contact sends the requested monies without contacting the requested party to confirm that they actually need them because the request came from a trusted source.
The bank also warned to be careful and always confirm in such cases. If at all your WhatsApp or Facebook accounts get hacked, do bring it to the notice of the authorities.
“Please be aware that banks will never request private information like your transaction and login passwords, one-time passwords, unique reference numbers, etc,” stated the ICICI Bank email.
There are other different types of frauds including Phishing, vishing, smishing…
