Thanks to the internet, it’s never been easier for scammers to target people. There are numerous types of scams, making any of us potential victims. Therefore, it is important to remain vigilant at all times.

The most common scam today involves fake accounts on X (Twitter), such as WhatsApp, Telegram, Instagram, Facebook, etc., impersonating financial brands.

With the easy availability of blue ticks, these scams have become more dangerous. Scammers create fake social media accounts, posing as brands, and interact with people to solicit fund transfers under the pretense of offering support or financial advice.

Scammers also misuse brand names to send SMS messages and provide stock recommendations, or make calls claiming to offer financial advice. They then ask people to transfer money, promising big returns to unsuspecting individuals.

We have also come across cases where people use clone apps to create fake P&L screenshots. We keep reporting such apps to the cybercrime authorities, but new ones keep popping up. If you come across any such apps in the app stores or anywhere else, please help us by reporting them.

Another common scam involves phishing emails and SMS. Scammers send messages that mimic legitimate organizations, typically asking you to:

• Share your bank account details to receive rewards or refunds.
• Complete KYC, claiming there are issues with your account.