Man nearly duped of Rs 44,000 in credit card scam: How it unfolded

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Man nearly duped of Rs 44,000 in credit card scam: How it unfolded - Business Standard

Quick Summary:

Platforms also send out regular warnings about scams and notify users of transactions via SMS or email, helping them quickly spot unauthorised charges.

Agrawal pointed out that digital platforms are already working to combat fraud.“Many platforms use two-factor authentication (2FA), real-time fraud detection powered by AI, and strict KYC procedures.

Even people who are aware of online security can fall victim because scammers exploit these vulnerabilities, making people believe their money is at risk or that they’ll receive fake rewards.