If you feel that your bank account details are safe then this breach may break that safe feeling as Delhi Police found out something really odd and threatening while working on a fraudulent case of an 80-year-old woman in Greater Kailash who lost 1.46 Lakh rupees from the credit card.
The police later found out about a gang who used to withdraw money from people’s cards through a fraudulent manner.
The DCP (southeast) Romil Baaniya confirmed that a group of individuals used to sell the stolen bank account details of people, usually senior citizens, and sell them at a much cheaper rate of around 20 paise or 10 paise.
The data then used to reach such frauds as in this case who then used to assure the card holders to give them CVV and OTP’s showing them that they are bank representatives and are doing this for security purposes or that their card is being hacked and they need this to block that transaction.
Such assurance was enough for the oldies to believe the frauds and through these practices, they became successful in doing so.
According to the report as of now, around 10 million or 1 crore Indians’ bank data has been sold out to such fraud service agents who withdraws money through fraudulent practices.
There have been a couple of arrests in this case but the police are still in search of the Mumbai-based mastermind.[News Source: IndiaTimes]