‘80% cases of cyber crimes are bank frauds’

  • | Saturday | 8th February, 2020

By Express News ServiceCHENNAI: Almost 80 per cent of cases in cybercrime division are related to revealing ATM passwords, OTPs and details of bank account, Chennai police commissioner AK Viswanathan said on Friday. “Fraudsters take advantage of our fear or desire to con us into falling prey. We are either scared that our bank account will be blocked or we want a loan approval without any verification,” he said. “In spite of several warnings from bank and police, still hundreds of people come to cybercrime wing to lodge complaint. He was speaking at a function where city police along with Axis Bank released a short film emphasising the need for safe banking practices.

By Express News Service CHENNAI: Almost 80 per cent of cases in cybercrime division are related to revealing ATM passwords, OTPs and details of bank account, Chennai police commissioner AK Viswanathan said on Friday. “Fraudsters take advantage of our fear or desire to con us into falling prey. We are either scared that our bank account will be blocked or we want a loan approval without any verification,” he said. The department is in need of a technology to identify and block fraudsters from conning people. “In spite of several warnings from bank and police, still hundreds of people come to cybercrime wing to lodge complaint. While we might think people with no proper information are falling prey to banking frauds, it is actually well-educated and people who know about the situation who fall victims to such fraudsters,” he said. He was speaking at a function where city police along with Axis Bank released a short film emphasising the need for safe banking practices.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Chennai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles