Financial Fraud Archives - Vizag One https://www.vizagone.com/tag/financial-fraud/ Visakhapatnam - City of Destiny Tue, 27 Aug 2024 01:42:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Financial Fraud Archives - Vizag One https://www.vizagone.com/tag/financial-fraud/ 32 32 Central Government’s Bold Move to Combat Spam Calls and Fraudulent Activities in India https://www.vizagone.com/business/central-governments-bold-move-to-combat-spam-calls-and-fraudulent-activities-in-india/ https://www.vizagone.com/business/central-governments-bold-move-to-combat-spam-calls-and-fraudulent-activities-in-india/#respond Tue, 27 Aug 2024 01:42:10 +0000 https://www.vizagone.com/?p=25236 The Central government, in collaboration with TRAI, is set to revolutionize the mobile network landscape in India by cracking down on spam calls and fraudulent activities. Learn more about the new regulations and how they aim to safeguard users from unwanted communications.

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The Central government is taking a strong stance against the nuisance of spam calls and fraudulent activities plaguing mobile networks in India. The Telecom Regulatory Authority of India (TRAI) has introduced stringent regulations that will come into effect nationwide starting September 1, 2024. These measures aim to provide relief to the general public from unwanted calls and messages.

TRAI has issued directives to telecom companies to ensure compliance with these new regulations. Individuals engaged in telemarketing from their mobile numbers face the risk of being blacklisted for two years under the new guidelines. The Ministry of Telecommunications has introduced a dedicated 160 number series for telemarketers to curb financial fraud.

The Department of Telecom and Communication’s initiative to allocate the 160 number series enables sectors like banking and insurance to conduct promotional activities using these specific numbers. This strategic move is expected to address the issue of unwanted calls and messages, particularly those generated automatically, such as robotic calls and messages. The government has declared a ban on such communications starting September 1.

Recent data from the Department of Telecommunication highlights the prevalence of fraudulent messages, with thousands of users receiving unauthorized communications through misused SIM cards. In response, individuals are encouraged to report any suspicious messages or calls to the designated platforms, including the Sanchar Sati portal and helpline 1909.

To lodge a complaint, users can visit the sancharsathi.gov.in website and navigate to the Citizen Centric Service section to initiate the reporting process. By selecting the fraud category and providing essential details such as screenshots of the fraudulent calls, affected mobile numbers, and timestamps of the incidents, individuals can contribute to combating fraudulent activities effectively. Verification through an OTP received on the reported mobile number enhances the accuracy and credibility of the complaints filed.

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Cyber Crime Crackdown: Telangana Police Busts Major Criminal Network from Gujarat https://www.vizagone.com/news/cyber-crime-crackdown-telangana-police-busts-major-criminal-network-from-gujarat/ https://www.vizagone.com/news/cyber-crime-crackdown-telangana-police-busts-major-criminal-network-from-gujarat/#respond Sun, 25 Aug 2024 00:35:50 +0000 https://www.vizagone.com/?p=24949 The Telangana Cyber Crime Police's successful crackdown on a major criminal network operating across Gujarat and Telangana exposes the intricate web of cyber crime activities plaguing the region. As authorities apprehend key players orchestrating a multitude of fraudulent schemes, the battle against cyber criminals intensifies, underscoring the imperative of enhanced cybersecurity measures and public awareness to mitigate digital risks.

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In a major operation targeting cyber criminals operating between Gujarat and Telangana, the Telangana Cyber Crime Police successfully apprehended 36 most wanted accused, including a charted accountant, in a strategic mission in Gujarat City. The crackdown led by Hyderabad CP Kothakota Srinivas Reddy unveiled a network of cyber crime kingpins responsible for a staggering 983 cases nationwide, encompassing investment scams, trading fraud, and deceptive practices involving FedEx and courier services.

The recent surge in cyber crimes, facilitated by advanced technology, has seen criminals exploit platforms like WhatsApp to lure victims into fraudulent schemes under the guise of investments and trading opportunities. Particularly alarming is the rise of sophisticated tactics such as sending fake FIRs, RBI letters, and CBI notices to extort large sums of money from unsuspecting individuals. With the prevalence of scams involving OTPs and malicious links, CP Srinivas Reddy emphasized the importance of vigilance and caution to prevent falling prey to such schemes.

The collaborative efforts of the Telangana police have not only led to the apprehension of notorious criminals but also resulted in the recovery of funds linked to 131 cases in Telangana alone. With cyber criminals becoming increasingly adept at exploiting technological advancements for illicit gains, law enforcement agencies remain vigilant in combating cyber threats and safeguarding the public against financial fraud and digital deception.

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