SBI issues warnings for customers: beware new CBI, IT Department extortion scam - Know how to save yourself
SBI sounded alarm on dangerous new scam it saw targeting its customers. People impersonating as officials of the CBI or the Income Tax Department (IT Dept) were threatening some gullible citizens to deliver certain sums of money in certain banks before some 'false cases' would be framed against them and put them behind the bars. These rogue elements will make people panic and compel the victim to remit a specific amount to some other multiple accounts of different banks.
How the Scam Works:
The fraudsters usually contact victims through voice or video calls, generally using messenger apps. First, they will ask for personal information from the victim, like their KYC, address, or any other kind of sensitive information that might have been leaked in a data breach or even from property websites.
The scammer then convinces the victim that they owe some back taxes or have breached legal procedures, often warning of arrest or legal persecution. This fear of prison or financial penalties leads many of the victims to panic. Even the scammers stage fake evidence and manipulate their targets further by asking for sensitive details like Aadhaar numbers or bank account details.
The Final Trap:
Once the victim believes they are in deep legal trouble, the scammer offers a "solution" — a bribe to resolve the case. The victim is assured that money paid into different accounts will ensure their innocence, which will supposedly be confirmed after an investigation. This is all an elaborate scam to steal money from unsuspecting victims.
Expert Tips to Avoid Falling for This Scam:
IPS officer Shiksha Goel said that law enforcement agencies never call anyone through video call or social media to solve any legal matter. In case of receiving such threats, one should not panic but ask the caller to meet him/her at any government office or police station.
Moreover, experts at ACFCS have raised alarm that these phishing or social engineering scams have become a global issue. Be cautious, verify the identity of the caller, and never provide any personal information through calls, SMS, or video calls.
How to Keep Yourself Safe:
Verify the identity of the caller before taking any action.
Do not share your personal information through unverified channels of communication.
If somebody threatens you with legal consequences, do not let them scare you. True authorities will contact you through the proper channels.
Report all suspicious messages to your bank or local law enforcement.
Use two-factor authentication and have strong passwords for all online accounts.
By following these easy and practical steps, you can shield yourself from these dangerous scams. Be vigilant and never allow fear to cloud your judgment. If in doubt, verify before acting.
