Karkala man loses Rs 5.63 lakh in online cyber fraud scam
Karkala man loses Rs 5.63 lakh in online scam

A man from Karkala in Karnataka has fallen victim to an online scam, losing Rs 5.63 lakh from his bank account. The incident came to light after the victim filed a complaint with the local police, alleging that unidentified fraudsters had illegally transferred the money through cyber means.

Details of the incident

The complainant, a resident of Karkala, reported that the fraudulent transaction occurred without his knowledge or consent. He noticed the unauthorized deduction when checking his account balance and immediately approached the authorities. The police have registered a case under relevant sections of the Information Technology Act and are investigating the matter.

How the scam likely worked

While the exact modus operandi is yet to be ascertained, preliminary investigations suggest that the fraudsters may have used phishing techniques or malware to gain access to the victim's banking credentials. Such scams often involve deceptive emails, fake customer care calls, or malicious links that trick users into sharing sensitive information.

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Precautions to prevent such frauds

  • Never share your banking details, OTPs, or PIN with anyone over the phone or online.
  • Avoid clicking on suspicious links or downloading attachments from unknown sources.
  • Regularly monitor your bank statements and enable transaction alerts.
  • Install and update antivirus software on your devices.
  • Report any suspicious activity to your bank and the cyber crime helpline immediately.

The incident serves as a stark reminder of the growing threat of cyber fraud. Authorities urge citizens to remain vigilant and adopt safe online practices to protect their finances.

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