As several cases of Know Your Customer (KYC) fraud have been reported across India. The country's largest lender State Bank of India (SBI) has cautioned its customers against an increase in online fraud.
SBI tweeted a warning of instances where fraudsters have duped people with KYC verification.
To obtain the personal details of the customer, the fraudster sends a text message pretending to be a bank or company representative, the tweet read.
SBI wrote, "KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details".KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details. Report such cybercrimes here: https://t.co/3Dh42iwLvh#StateBankOfIndia#CyberCrime#StaySafeStayVigilantpic.twitter.com/eVVFAnMgTN
— State Bank of India (@TheOfficialSBI) July 12, 2021
All cases of online fraud should be reported to the cybercrime department at https://www.cybercrime.gov.in/, SBI asked its customers.
Here are three safety tips SBI has shared for its customers that will help secure their accounts
Think before you click any link
The bank never sends links to update the KYC
Do not share your mobile number and confidential data with anyone