Alert: Cyber Criminals Using Credit Cards to Launder Money – Stay Vigilant
Mumbai:
A recent cyber fraud case uncovered in Mumbai has shed light on a dangerous new tactic adopted by cyber criminals to launder illicit funds. Fraudsters are increasingly targeting individuals by exploiting their credit cards—specifically those with high outstanding dues—to route money obtained through criminal activities.
How the Scam Works:
Criminals often approach unsuspecting individuals with enticing offers of “easy money” or commissions in exchange for letting them use their credit cards for financial transactions. Once a victim agrees, their credit card becomes a tool for money laundering, unknowingly involving them in a serious criminal chain.
Important Safety Guidelines:
- Never allow anyone to use your credit card for any financial transaction, regardless of the promise of a commission.
- Avoid any suspicious offers that promise “easy money” or quick commissions; these are often traps.
- Do not install APK files or applications from unverified sources, as these are frequently used to gain control over your financial data.
What to do if you are a victim?
If you suspect you have been targeted or have fallen victim to such financial fraud, report it immediately:
- Dial: 1930 (National Cyber Crime Helpline)
- Visit: cybercrime.gov.in
Stay alert, protect your financial credentials, and do not fall prey to fraudulent schemes.
