Crime Hyderabad

Hyderabad man loses over Rs. 1 lakh to credit card fraud

Hyderabad Credit Card Fraud

Hyderabad: A 30-year-old private employee in Hyderabad became the victim of cyber fraud, resulting in a loss of Rs. 1,14,259.

According to the Cybercrime police, the victim applied for a Flipkart Axis Bank Credit Card online. The card was delivered to his residence and subsequently activated. However, he later discovered unauthorized transactions totaling Rs. 1,14,259 on his credit card, which occurred in three separate instances.

The victim stressed that he had never used his credit card before, received no OTPs (One-Time Passwords) during the transactions, and got no alerts regarding the debits on his phone. He also firmly stated that he never shared his PIN with anyone.

Upon noticing the suspicious transactions, the victim contacted Axis Bank and requested that his credit card be blocked. The bank obliged and deactivated the card as he requested.

Further investigation by the victim revealed a message on his phone stating, “Thank you for the confirmation. We have unblocked your Axis Bank Credit Card no. XX7397. Experience a safe banking journey with us.” The victim did not respond to this message and has requested that the authorities take necessary action against the perpetrators of the fraud.

Public Advisory:

The Cybercrime police issued a public advisory to warn citizens about fraudsters’ tactics. These criminals often use fraudulent phone numbers, text messages, voice-altering software, and social engineering techniques to manipulate users into revealing sensitive information.

A common tactic involves scammers attempting to obtain personal and financial details during phishing calls. They may try to create a sense of urgency by claiming that your account has been compromised or that KYC (Know Your Customer) verification is pending.

It is crucial to remember that legitimate representatives from banks, financial institutions, the RBI (Reserve Bank of India), or any other genuine entity will never ask customers to share confidential information such as usernames, passwords, credit card details (CVV codes), or OTPs.

If you suspect you are a victim of cyber financial fraud, act immediately. Here’s how to report the crime:

• Dial the National Cyber Crime Helpline number: 1930

• Visit the official cybercrime portal:

https://cybercrime.gov.in/