Phone banking fraud hits thousands; tricksters deal Rs 12,000-cr blowAuthor: Mahua Venkatesh - Published 2015-10-24 11:34
Welcome to the world of vishing, or voice phishing, a technique used to trick gullible customers to part with confidential personal banking details. Vishing uses voice calls to steal identities and financial information. Such “vishing attacks” are designed to secure financial information in a short span by instilling fear in individuals. These calls are difficult to trace because they primarily ride through the internet.
For many Indians like Kardam, financial inclusion has also been an unpleasant introduction to the dark underbelly of hi-tech banking frauds.