No Your Customer (KYC) is a process that is needed. Actually, banks and other financial institutions provide their services to customers only after KYC. The purpose of KYC is to ensure the identity of the customer. However, the markets have made it a means of making it a victim of fraud. There are reports of people being cheated in the name of KYC. Those who do not know about this fodder easily become a victim of it.
People are made such a victim of fraud
The person is contacted by phone calls or messages. The contact person describes himself as a representative of a bank, insurance company, phone company or digital wallet operator. He tells the person that your KYC has done laps or is incomplete. He says that if it is not updated, the company will stop service. A link or contact number is then sent to the person’s phone.
Personal information is sought
Clicking on this link or calling the phone number is sought from the person his personal information. In these, information related to Aadhaar number, PAN, date of birth, month and year and bank account is sought. Many times a person is asked to give remote access through Anydesk or TeamViewer. On doing this, the fraudsters withdraw money from a person’s bank account.
These precautions will not be victims of fraud
If some precautions are taken, you can be avoided by becoming a victim of fraudsters. First, keep in mind that fraudsters often show hurry. They say that if you do not get KYC updated, then your bank account will be closed today. Or your mobile phone services will stop. Second, his personal information is often sought from a person. They ask for OTP, CVV number and password of the card. You have to keep in mind that the bank or any other financial institution never asks for the CVV number of OTP or card from the customer. So when someone asks for such information from you, you should be careful.
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If you are afraid of reading a message on phone coal or WhatsApp, then you can easily become a victim of fraud. If any information is sought from a phone call, then you should ask which company the calling person is speaking and what is his name. Those who fraudulently get nervous with such questions. Many times they disconnect the phone.