KYC Fraud Alert: How Scammers Are Targeting Bank Customers
Have you received a message warning that your bank account will be blocked if you do not update your KYC immediately? This could be a KYC fraud attempt.
Cybercriminals are increasingly posing as bank officials, sending urgent messages or making calls to trick people into sharing sensitive information. Their ultimate goal is to steal personal and financial data under the guise of a KYC update.
How KYC Fraud Works
First, scammers send fake SMS messages or make phone calls pretending to be from your bank. These messages often claim that your account will be suspended unless you update your KYC details urgently.
Next, they direct you to click on a link or download an app (usually an APK file) to "update" your KYC. Once you click the link or install the app, they gain access to your private information.
APK-Based KYC Fraud
A growing tactic among fraudsters involves sending APK files. These are fake apps that, once installed on your phone, request unnecessary permissions such as access to your camera, microphone, and SMS. They can also bypass standard security warnings and allow scammers to remotely control your device to steal critical data.
How to Stay Safe
- Do not click on suspicious links or download apps from text messages or emails.
- Banks never send APK files or ask customers to update KYC through unofficial links.
- Never share sensitive personal information like OTPs, PINs, or account numbers over the phone or through messages.
- Always verify KYC update requests by visiting your bank’s official website or using the official mobile banking app.
How to Report KYC Fraud
If you receive a suspicious call or message regarding KYC updates, disconnect immediately.
Report the incident to the National Cybercrime Helpline at 1930 or log on to www.cybercrime.gov.in to file a complaint.
