The document outlines various recent online scams and fraud cases in India, highlighting incidents involving significant financial losses, including a ₹1.48 crore fraud on an industrialist and a housing scam affecting 26 software engineers. It discusses common types of online scams, including fake advertisements, phishing emails, and romance scams, emphasizing the anonymity and low cost of operating online scams. The document also provides tips on how to protect oneself from online fraud, including safeguarding personal information and monitoring financial accounts.

1. Online Scams
& Frauds
Quick HealTechnologies Private Limited

2. InThe News – Last 10 Days
A Hyderabad-based industrialist has been
tricked into parting with Rs. 1.48 crore after
some online fraudsters lured him with fictitious
prize money of million pound sterling's.
http://www.thehindu.com/news/national/andhra-pradesh/online-fraud-industrialist-
duped-of-rs-148-cr/article7055501.ece
Pune Police arrested three men for allegedly
duping 26 software engineers of over Rs 1.05
crore in an online scam that claimed to offer
cheap flats.
• http://timesofindia.indiatimes.com/city/pune/3-held-for-duping-26-techies-in-
online-housing-scam/articleshow/46801654.cms
Cyber cell of Lucknow police arrested two
members of an online job fraud gang to which
at least 15 persons have fallen prey.
http://timesofindia.indiatimes.com/city/lucknow/Two-arrested-for-duping-on-fake-
job-site/articleshow/46751280.cms

3. A Brief Background – Online Fraud
 The use of Internet services or software with
Internet access to defraud victims or to otherwise
take advantage of them; for example, by stealing
personal information, which can even lead to
identity theft.
 Indian Government reported a 40% increase in
online fraud cases in December 2014.
Don Hankins / Foter / CC BY
https://www.flickr.com/photos/23905174@N00/2524306151/

4. Always Remember...
Scammers & Fraudsters will often try to rush
you into a decision, offering you a limited
'very attractive' opportunity.
If a scam exists in the real world but it’s not
yet on the Internet, just wait for two hours;
it’ll be there.

5. Why is Internet A
Lucrative Business for
Scammers & Fraudsters?
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6. • Rapid growth & daily influx of new &
unaware users
 There are around 3 billion Internet Users
WorldWide. (40% of theWorld Population)
 Studies suggest, 8 new Internet users are
added every second worldwide.
 These are the ‘potential victims’.
Internet - A Lucrative Business For
Scammers

7. • Hidden Identity
 It is easy to maintain anonymity on the
Internet.
 Fake user accounts, photographs &
incorrect location details can be easily
furnished in the online world.
1 out of every 10 profiles across the Internet
is fake.
Internet - A Lucrative Business For
Scammers

8. • Virtual Actions
 Every action that needs to be taken, can be
done from the comforts of home behind the
computer screen.
 Knives and pistols are replaced by keyboards
and mouse.
jurvetson / Foter / CC BY
https://www.flickr.com/photos/jurvetson/8523574500/
Internet - A Lucrative Business For
Scammers

9. • Cost’s Involved
Internet connection – Easily affordable
E-mail – Free most of the times
Social profiles – Free
MaintainingWebsites – Easily affordable
Internet - A Lucrative Business For
Scammers

10. Some Popular
Online Scams
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11. Popular Online Scams
 Fake ads on online classifieds or auction websites
WhatsApp Calling Invitation Scam
LinkedIn Phishing Email Scam
Work From Home Scam
Nigerian Fraud
Online Romance Scams

12.  Scammers list high value goods such as
luxury car at very low prices
 They demand some form of processing
payment in a rather smooth way to the
inquiries
 Once the initial ‘registration’ money has
been paid, the fake sellers and scammers
stop responding to all emails and calls
Fake ads on online classifieds or auction
websites

13. WhatsApp Calling Invitation Scam
A message is circulating in theWhatsApp
community that goes “Hey, I am inviting
you to tryWhatsapp calling click here to
activate now -
http://WhatsappCalling.com"

14.  The link takes the user to a page where you
have to invite 10 friends before they can
start using the feature
WhatsApp Calling Invitation Scam

15. Once users are done inviting 10 users, the
‘Continue’ button is enabled. Clicking on it,
takes the users to a page where they are
asked to complete a survey
WhatsApp Calling Invitation Scam

16.  Clicking on the 'Take Survey' button
redirects the users to another page that
asks you to download an app
 If you proceed further and download the
app as asked, you won’t be getting the
WhatsApp calling feature. By following all
the steps mentioned above, you will have
only helped the scammer earn money
WhatsApp Calling Invitation Scam

17. LinkedIn Phishing Email Scam
 LinkedIn users reported about receiving
emails that seem to be from LinkedIn
support
 The recipient is informed about “irregular
activities” in their account, because of which
a compulsory security update is required
 The user is advised to download an HTML
file (attached in the email)

18. LinkedIn Phishing Email Scam
If you click the HTML file, it will redirect
you to a fake website that looks like the
actual LinkedIn login page
Any login information you give on this
page will be transmitted directly to the
attacker, who will then hijack your
account

19. Work From Home Scam
Work from home scams are mostly linked to
people who are unemployed and look for
jobs
Job postings are placed on social networks,
emails and other websites
On clicking the job posting, the visitor is
directed to a page demanding some
amount as a registration fee
What happens next ? -We all Know !A
Scam!

20. Nigerian Fraud
Nigerian Fraud is an organized crime mainly
executed via e-mail.
Nigeria Fraud mails comprise about 7% of the
spam mails world wide
Victims have lost 12.7 billion dollars to Nigerian
Scams Globally
Indians top in the victims list losing $870 million
to Nigerian FraudYearly
Gtasahomo2 / Foter / CC BY
https://www.flickr.com/photos/trixieroxxx/5582739056/

21. Victims are assured to get an unbelievably large sum of money
Nigerian Fraud

22. And then, they try to gain trust & send feelers to the victim.
Nigerian Fraud

23. Nigerian Fraud
Victims on reply are asked to pay a sum
upfront to facilitate the transfer
Once the sum is paid, scammers are out of
contact & out of reach
Scam successful!

24. Online Romance Scams
Dating and romance scams try to lower
your defenses by appealing to your
romantic or compassionate side
They play on emotional triggers to get the
victim shell out money, gifts or personal
details
Scammers target victims by creating fake
profiles on Internet dating / social media
sites
To gain the victim’s trust, scammers go to
great extents such as sharing personal
information & giving gifts
Scammers often take months or even years
to build what seems to be an authentic
online relationship

25. Online Romance Scams
Once trust is established, scammers
ask victims for money for various
reasons such as :
• An family member
• Repaying debts/loan
• Setting up a business

26. Online Romance Scams
Needless to say, scammers vanish once
they get what they seek
In addition to financial losses, victims may
suffer from depression & other mental
issues

27. Some Actions & Reactions
Against Online Scams
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28. Some Actions & Reactions
Never Give Out
Your name
Your address
Your phone number
Your birthday
Your school name
Any other personal/contact information
Every time you give away such information,
you end up compromising your privacy.

29. Some Actions & Reactions
Never Give OutYour Passwords to Anyone
Passwords are:
• Valuable pieces of information
• Can allow someone to access your email
• Can allow access to your bank accounts, credit
cards etc.
No legitimate website or person would ever ask
you for passwords.

30. Some Actions & Reactions
Always check your credit card statements for any discrepancy.
Block or immediately change your banking passwords/pins if you observe any doubtful
transaction.
Report the discrepancy to your bank immediately.
Contact the Cyber Crime cell or your local law enforcement authority.

31. How Can Quick Heal Help

32. Quick Heal Khareedo Gaadi Jeeto Contest

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34. ThankYou!

35. References
 http://www.thehindu.com/news/national/andhra-pradesh/online-fraud-industrialist-duped-of-rs-148-cr/article7055501.ece
 http://timesofindia.indiatimes.com/city/pune/3-held-for-duping-26-techies-in-online-housing-scam/articleshow/46801654.cms
 http://timesofindia.indiatimes.com/city/lucknow/Two-arrested-for-duping-on-fake-job-site/articleshow/46751280.cms
 http://blogs.quickheal.com/wp/scam-alert-fake-sellers-quikr-olx/
 http://blogs.quickheal.com/wp/beware-of-the-whatsapp-calling-invitation-scam/
 http://blogs.quickheal.com/wp/linkedin-phishing-email-scam-alert/