In reality, all of these offers were methods to gain trust and trick victims into downloading a fake application through a phone link. Furthermore, once the application was installed, it harvested sensitive information such as CVVs, OTPs, along other confidential information.
This enabled the criminals to siphon funds from the victims’ credit card accounts. The illicit gains were then cunningly converted to cash by purchasing petrol cards, which were then sold to taxi drivers.
Therefore, staying vigilant, cross-checking every request, and taking seamless action in case of a fraud attempt remain the best tools for credit card users to combat fraud and equip themselves to protect their financial health and integrity.
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