In the year 2024, know which common financial fraud methods have tricked the public and defrauded them of money.

In the year 2024, know which common financial fraud methods have tricked the public and defrauded them of money.

During the year 2024, the business of fraudsters in India has been at its peak, this year many dangerous cases and examples of financial fraud have come to light. Most of the public has been cheated in the form of cyber fraud or online fraud. Those who cheat the public by fooling them have now gone digital. This way

Recently, deep fakes were used in the names of cricket legends Sachin Tendulkar, Virat Kohli and Bollywood actress Rashmika Mandhana. Similarly, nowadays scammers are also frauding anyone by using their voice or video.

Cases of fake investment plans and cyber blackmailing have also caused huge financial loss to the people. Apart from this, a 75-year-old man was defrauded of crores of rupees through a fake trading app. According to a report, 14 lakh cybercrime cases have been registered from January 1 to November 11. Let us tell you in this article about some such financial scams that have happened during 2024.

Online Banking and Payment Fraud

• Phishing: Cyber ​​criminals will try to steal your banking information by using fake emails, messages, and websites. In this you are asked for account information, PIN, password etc.
• Wallet Scam: Fraudsters on online wallets or digital payment platforms may send you fake links or offers to defraud you.

Loan and credit card scams

• Fake Loan Scheme: Fraudsters can lure you with attractive loan offers and take money, while in reality you never get the loan. Under this, customers are made to fill fake documents.
• Credit Card Cloning: Thieves can misuse your credit card information by stealing or cloning it.

Investment Fraud

• Ponzi Scheme: Criminals take money from new investors and pay back old investors, making investors think their money is growing, but in reality no actual investment is taking place.
• Fake shares and mutual funds: Some people collect money from people through false investment offers and then abscond with their money.

Advance Fee Scam

• In this scam, fraudsters demand an advance fee from you for a loan, visa, job, or any other service. They then run away with the money without providing you the service.

Custom duty and tax scam

• In such scams, fraudsters tell you that custom duty or tax has to be paid on your goods and ask you to send money. After this, they grab your money.

Job and work-from-home scams

• In this type of fraud, you are promised a high-paying job, but instead you are charged an admission fee or other charges, and then you do not get a job.

Cryptocurrency and NFT Fraud

• Due to the increasing prevalence of cryptocurrency, many fake investment schemes and scams are now coming to the fore, in which people are tempted to invest, but later their money disappears.
• Fake NFT Sale: In the name of NFT, fraudsters can take your money and sell fake or invalid NFTs.

Lottery and inheritance scams

• You are told that you have won a lottery or some other prize, but for this you have to pay some fees or taxes first. In this type of fraud, there is no reward later.

Fraud in smartphone apps and games

• Fraudsters can create fake apps to lure users into stealing their personal information or banking details.

fake trading app

Many of these frauds take place through the internet, so it is very important to adopt security measures and remain alert. Never share your personal data with unknown persons and do thorough investigation before any unusual transaction.