Kyc Scam

Hackers and scammers are now using artificial intelligence (AI) deepfake technology in order to breach the security of crypto exchanges and Web3 related firms. If scammers succeed in creating deepfakes of crypto investors, their chances of bypassing facial recognition or voice recognition security layers of crypto platforms and stealing user funds ...

A 72-year-old retired railway employee has lost Rs 7.38 lakh to cyber fraudsters who tricked him to share confidential details by claiming that his bank account was blocked for want of KYC update, a Thane district police official said on Wednesday.

At least 40 customers of a private bank in Mumbai were cheated of lakhs of rupees within three days after they clicked on a link sent via fake text messages to update their KYC and PAN details.

As per a report by CertiK, scammers have been purchasing cheap identities of real people from the black market to put names and faces on fishy projects to make them look legitimate. The main aim for the fraudsters is to dodge regulatory requirements to begin projects that expose people to financial risks.

The percentage of funds passing through crypto mixers from the custody of cyber criminals touched its highest value of $51.8 million (roughly Rs. 413 crore) in April 2022. As per a Chainalysis study, nearly 10 percent of all funds sent from illicit addresses are sent to mixers in order to make the transactions between two wallets anonymous.

Hackers and scammers are now using artificial intelligence (AI) deepfake technology in order to breach the security of crypto exchanges and Web3 related firms. If scammers succeed in creating deepfakes of crypto investors, their chances of bypassing facial recognition or voice recognition security layers of crypto platforms and stealing user funds ...

A 72-year-old retired railway employee has lost Rs 7.38 lakh to cyber fraudsters who tricked him to share confidential details by claiming that his bank account was blocked for want of KYC update, a Thane district police official said on Wednesday.

At least 40 customers of a private bank in Mumbai were cheated of lakhs of rupees within three days after they clicked on a link sent via fake text messages to update their KYC and PAN details.

As per a report by CertiK, scammers have been purchasing cheap identities of real people from the black market to put names and faces on fishy projects to make them look legitimate. The main aim for the fraudsters is to dodge regulatory requirements to begin projects that expose people to financial risks.

The percentage of funds passing through crypto mixers from the custody of cyber criminals touched its highest value of $51.8 million (roughly Rs. 413 crore) in April 2022. As per a Chainalysis study, nearly 10 percent of all funds sent from illicit addresses are sent to mixers in order to make the transactions between two wallets anonymous.