Fraudsters Succeed Increasingly Nowadays As We Seem To Have Forgotten What Our Elders Taught Us To Never Trust Strangers – S Ravi
Sethurathnam Ravi BSE Former Chairman, asks customers to remember mantra “Never Trust A Stranger” to avoid getting defrauded. According to the expert, the fraudsters succeed on account of customer’s need for rewards or better returns, increased spending limits, saving while spending and most importantly, carelessness. As S Ravi says, “The advancement of technology, increased usage of digital platforms and mobile becoming a one stop device for various financial transactions, has eased the way of receiving and paying money and saving time in paying bills, making investments and also getting reward points. However, like each coin has two sides, this advantage comes with disadvantage of certain cyber threats, phishing, accounts getting hacked, bogus loan/ discount/ cash back offer's Sethurathnam Ravi Apart from these there are various scams that are run by fraudsters such as credit limit updation, multi-level marketing, work from home, online shopping, social welfare schemes, fin...