New Delhi: In recent times, there has been a huge spike in the use of digital modes of payment. The online mode of transaction, which made its foray amongst the masses following the demonetisation, witnessed a massive surge during the Covid-19-induced lockdowns. There is not an iota of doubt that the online mode of payment has eased our daily lives, however, at the same time, the number of frauds reported in retail financial transactions has also gone up.Also Read – Rupee At Risk Of Further Decline To 82 Per Dollar In Near Term: Experts
Fraudsters have been using innovative methods to defraud the common and gullible people of their hard-earned money, especially the new entrants in the use of digital platforms who are not entirely familiar with the techno financial eco-system. Also Read – India On Course To Become Fastest-Growing Economy In World: RBI
Cases of Vishing have become common in recent times. Also Read – India’s WPI Inflation Rate Eases To 15.18 Per Cent, Marginally Lower Than May Numbers | Deets Here
What is Vishing?
Vishing is type of cyber crime in which the scamster uses the phone to steal personal confidential information from victims. Often referred to as voice phishing, cyber criminals use savvy social engineering tactics to convince victims to act, giving up private information and access to bank accounts.
Vishers use fraudulent phone numbers, voice-altering software, text messages, and social engineering to trick users into divulging…
