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Digital fraud refers to deceptive activities conducted online or through digital means with the intention of unlawfully acquiring personal information, financial assets, or other valuable resources from individuals or organizations. This can include various tactics such as phishing, identity theft, hacking, or spreading malicious software to exploit vulnerabilities and perpetrate fraudulent schemes.

VARIOUS FORMS OF DIGITAL FRAUD

Digital fraud encompasses various forms of deceptive practices carried out using digital technologies. Here are some common types of digital fraud:

  1. Phishing: Phishing involves sending fraudulent emails, messages, or websites that appear to be from reputable sources to trick individuals into providing sensitive information such as passwords, credit card numbers, or personal details.
  2. Identity Theft: This occurs when someone steals another person's personal information, such as Social Security numbers, credit card numbers, or bank account details, to impersonate them or commit fraudulent activities.
  3. Payment Card Fraud: Payment card fraud involves unauthorized use of credit, debit, or prepaid cards to make purchases or withdraw funds without the cardholder's consent. This can occur through various methods like card skimming, carding, or card-not-present transactions.
  4. Account Takeover: In an account takeover, fraudsters gain unauthorized access to individuals' online accounts (e.g., social media, email, banking) by stealing their login credentials through phishing, malware, or other methods. Once inside, they may exploit the account for financial gain or other malicious purposes.
  5. Fake Websites/Apps: Fraudsters create counterfeit websites or mobile applications that mimic legitimate ones to deceive users into providing personal or financial information. These fake platforms are often used to collect sensitive data or distribute malware.
  6. Investment Scams:Digital platforms are increasingly used to promote fraudulent investment opportunities, such as Ponzi schemes, cryptocurrency scams, or fake initial coin offerings (ICOs), where individuals are tricked into investing money into nonexistent or worthless ventures.
  7. Ransomware: Ransomware is a type of malware that encrypts a victim's files or locks them out of their system, demanding payment (usually in cryptocurrency) for the decryption key or to restore access. It can infect computers and networks through malicious email attachments, compromised websites, or software vulnerabilities.
  8. E-commerce Fraud: Fraudulent activities related to online shopping, such as fake product listings, non-delivery of goods after payment, or using stolen credit card information to make purchases, fall under e-commerce fraud.
  9. Data Breaches:Data breaches involve unauthorized access to sensitive information stored by organizations, resulting in the exposure of personal or financial data of individuals. This information can be used for various fraudulent purposes, including identity theft and phishing attacks.
  10. Social Engineering:Social engineering techniques manipulate individuals into divulging confidential information or performing actions that compromise security. This can include tactics like pretexting, where fraudsters create a fabricated scenario to trick victims into disclosing information, or baiting, where they lure victims into clicking on malicious links or downloading malware.

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SHIVAM MALVIYA

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SHITAL GOKHE

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ROHIT MEWADA

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DINESH VERMA

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Frontend Developer
AMAN DEHARIYA