Online fraud in the city is on the rise again after a brief lull. Fraudsters are taking advantage of the lockdown, which necessitates online banking transactions. New techniques are now used by fraudsters, like sending messages to people claiming their SIM cards have been blocked or that the time for redeeming rewards is coming to an end.
It is interesting to note that those who get trapped in their web are well educated and are technically savvy. Approximately 30 cases of online fraud have been reported in the capital so far this year, according to data from the Cyber Crime police station. Over the course of the past year, there have been around 40 cases of online fraud out of 90 cybercrimes. According to CDC data, this year there have been approximately 30% more cases reported per month. There are also more complaints coming in at the station.
Kinds of fraud you need to be aware of.
QR code scam
QR codes can lead you to phishing websites, where scammers ask you for personal information. Sometimes, con artists employ QR codes to launch malicious applications or follow a malicious social media account.
Phishing scam
You are tricked into giving your personal information if you receive an email or text message from a scammer. You might be asked to provide your passwords, account numbers, or Social Security numbers. Your bank account, email address, or other accounts could be accessed if they get that information.
COD scam
This scam consists of the delivery executive handing over a random parcel and demanding money, even if you did not order the item. In addition, you may receive fake messages from courier companies asking you to pay cash for online orders. People tend to forget what they have bought online when online shopping in India is booming, which gives scammers the chance to scams.
Non-delivery fraud
Auction fraud is simplest when goods do not arrive or are not shipped. An item is listed for sale, an item is purchased, a seller collects funds, and that seller doesn't deliver the item. The intention is simply to take the money from the buyer without following through properly with the deal.
Here's how Vouch is the safest way to transact online
No more information sharing
Information no longer has to be shared with strangers over the internet. You can initiate a transaction with customers even if they are not registered on Vouch. Once Vouched, you don't have to double-check the details of customers. Once a transaction is funded, you can begin working.
You can even ask for advance payments without putting your customer at risk. They can always opt to get a refund if the product is not delivered. And if the customer is just playing around and returning the product even though it is exactly was what they wanted then the seller gets the payment.
A store on Vouch
You can add your products on Vouch and create an online store for FREE. Once you've added your products, you can share your store link on Instagram and Facebook for your customers to browse through your products and buy directly. This not only eliminates the chat factor but also proves to be good for your reputation.
Reviews
Once Vouched, you can check for a seller or a buyer's reviews and their history with other people they've transacted with. Based on their reviews, you can decide if you want to go further or not.
There is no doubt that Vouch is the best platform for businesses and freelancers.
Digital Escrow Service In India.
Digital escrow services are offered by many companies in India. Among the most trusted is Vouch.
Vouch’s Digital Escrow service is a transparent way for buyers and sellers to build trust and secure a clean transfer of product and payment. Sellers can feel assured that they will be fairly compensated promptly, and buyers will feel confident that their order will be delivered as expected and on schedule. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply say no and ask him/her to proceed with the transaction through Vouch.
There is no scope for deceit or fraud since the payments, shipping, delivery, and execution are carried out under the honest and watchful eyes of the Vouch’s professionals. With Vouch, any business transaction becomes transparent, uncomplicated, and hassle-free. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply refuse and ask him/her to proceed with the transaction through Vouch.
Check back here to learn more about Escrow and how to protect yourself from fraud.
Now that we have you up to date on online safety, let's get your transactions secure on Vouch. It's just a click away.
