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RBI Circular – Raju and 40 Thieves

15 August 2022

Dear All,

You may be aware that the Reserve Bank of India (RBI) has been taking numerous initiatives to increase customer awareness. In this regard, the Office of RBI Ombudsman has published a booklet on the Modus Operandi of Financial Fraudsters.

The famous Raju is back with a new comical story in Raju and 40 Thieves.

With this, RBI aims to educate and warn people about how fraudsters are coming up with innovative ways to scam a consumer.

It is quite crucial for all our clients to read this booklet and be educated on the following ways of Financial Fraud.

1. Fraud Through Phishing Links
2. Vishing Calls
3. Fraud Using Online Marketplaces
4. Credit Card Annual Fee Waiver – Fake Offer
5. ATM Card Skimming Fraud
6. Fraud Using Screen Sharing App/Remote Access
7. SIM Swap / SIM Cloning
8. Frauds By Compromising Credentials Through Search Engines
9. Scam Through QR Code Scan
10. Impersonation Through Social Media
11. Juice Jacking-Stealing Of Data Through Charging Cable
12. Lottery Fraud
13. Online Job Fraud
14. Fake Account Number
15. Fraud Through Email
16. Message App Banking Fraud
17. Fraudulent Loans With Stolen Documents
18. Betting Scam
19. Fake Vaccination Call
20. Covid Testing – Fake Online Site
21. Fraudsters In The Pretext Of Recovery Agents
22. Social Welfare Scheme Fraud
23. Multi-Level Marketing (MLM) Scams
24. Work-From-Home Scam
25. Online Shopping Fraud
26. Fraud Using Public Wi-Fi
27. Fake Advertisements/Offers
28. Fake Loan Offer
29. Credit Card Activation Fraud
30. Credit Card Limit Upgradation Fraud
31. Safe Guarding Your Aadhaar Card
32. Online Fraud Using Cashback Offers
33. Discount Fraud
34. Charity Frauds
35. Overdraft Against FD
36. Frauds Using Malicious Applications
37. Illegal Loan Financing Apps With Exorbitant Interest Rates And Harassment
38. Tactics Card Cloning At Merchant Outlets
39. Fraud Through Details Shared With Known Person/Family/Relatives
40. Payment Spoofing Applications

Download the Raju and 40 Thieves PDF for future reference.

Be Aware, Be Informed, and Be Prepared!

Team Alice Blue