Zerodha CEO Nithin Kamath warns in opposition to these new on-line frauds in India

Online frauds in India: Zerodha CEO Nithin Kamath has cautioned about some new forms of on-line frauds in India the place the fraudsters are utilizing the model worth of a courier firms of effectively reputation like FedEx, Blue Dart, and so forth. Detailing about this new kind of on-line fraud in India, Zerodha co-founder stated that fraudsters name the sufferer posing themselves as courier firm worker saying {that a} parcel has been confiscated by police as a result of medication have been present in it. Once the sufferer will get frightened, fraudsters share financial institution particulars and ask for cash switch to launch the parcel.

Zerodha CEO and Co-founder knowledgeable about such on-line frauds in India from his official twitter deal with citing, “There’s a new scam in the name of FedEx, Blue Dart, and other courier companies that you need to be aware of. A colleague got a call from a person claiming to be from FedEx saying that a parcel had been confiscated by the police because drugs were found in it.”

See Nithin Kamath’s tweet beneath:

There’s a brand new rip-off within the identify of FedEx, Blue Dart, and different courier firms that you just want to concentrate on 👇

A colleague received a name from an individual claiming to be from FedEx saying {that a} parcel had been confiscated by the police as a result of medication have been present in it. 1/4

— Nithin Kamath (@Nithin0dha) June 23, 2023

Nithin Kamath went on so as to add, “Since he was expecting a courier from an e-commerce platform, he panicked. He then got a video call from someone claiming to be the police and issued this official-looking letter. They shared the bank details to transfer funds to release the package.”

“Since the fake police had his AADHAR number, this made the entire ordeal more convincing. This person panicked & transferred the money immediately. If this can happen to a person working in a company that constantly sensitizes everyone to cyber fraud, it can happen to anyone,” Kamath stated in one other tweet.

On deal with such calls, Nithin Kamath stated, “In a situation like this, the best thing is to say, I will get my lawyer to speak to you; it doesn’t matter even if you don’t have a lawyer. Most fraudsters prey on people who panic and react instinctively. Slowing down before reacting is the key.”

Nodding to Zerodha CEO Nithin Kamath’s new on-line fraud in India, a twitter consumer posing as Anjali Live Trading replied, “Yes… Bengaluru Techie lost almost 2L…”

“This type of scam is going on since months. One of my friends got such call around four months ago and the another friend got the same kind of call two months ago. Everyone needs to be very careful because scamsters build up new stories every time,” stated one other twitter consumer Chander Bhatia.

Several different twitter customers replied to Nithin Kamath’s tweet sharing their ordeal in regard to such new kind of on-line frauds in India.

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Updated: 24 Jun 2023, 09:13 AM IST

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