The fraud began on February 13 when he received a call from a woman posing as a bank executive, who lured him with the promise of ‘reward points.’ She directed him to download a fake app, icici.apk, and enter his card details, following which unauthorised purchases worth over ₹2.8 lakh were made on high-end mobiles and quick delivery services.
Furthermore, when the victim questioned the deductions, the caller falsely assured him that the amount deducted was temporary and would be refunded along with the reward points. No such refund came, and the driver eventually realised he had been cheated.
This case underlines how scammers use phishing calls, fake applications, and the lure of cashbacks or reward points to trap individuals, exploiting their trust to carry out massive financial scams.
How to stay safe from credit card fraud
Given the way scamsters are coming up with unique ways to con individual credit card users. Here are five ways you must take to protect yourself:
Therefore, prudent credit card users should acknowledge the fact that, when it comes to fraud, vigilance, proper verification, and rapid response are their strongest allies.
For all personal finance updates, visit here.
Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards, and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks, such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
