New Trick Of Cyber Thugs In Noida, They Are Exploiting The Fraud Through Geo Fencing; Playing With Credit Card Details Also
Cyber fraudsters buy goods online by stealing money from victims' bank accounts and then use geo-fencing to change the delivery address and spend them. They also misuse credit card details. Gautam Budh Nagar Police is planning a strategy to stop such crimes in collaboration with e-commerce companies. DCP Cyber Security has emphasized on stopping suspicious transactions and strengthening security protocols.
Cyber thugs are adopting new tactics. Photo- AI generated
Munish Sharma, Noida. Cyber thugs are not just stealing money from the victims' bank accounts. Apart from withdrawing the money from ATM, converting it into USDT i.e. crypto currency, he is also spending it on purchasing goods online.
While getting the goods delivered with the fraudulent amount, they are committing crime by changing the delivery address at the last moment (geo fencing). In recent times, such evidence has been found in many cyber frauds.
Gautam Buddha Nagar Commissionerate Police has become alert about the activities of cyber thugs. The e-commerce company is emphasizing on making strategies with the management.
Apart from embezzling money, fraudsters also use credit card details.
Apart from siphoning off money, cyber fraudsters are also using stolen or misused credit card details of victims. They are purchasing expensive items like gold coins, gift cards and premium smartphones on online platforms using credit cards. In this way also the amount of fraud is being spent.
Recently, in the case of cyber fraud related to Kanpur, it was revealed that out of the fraud, Rs 54 lakh had come into the account of a Noida firm. Gold was purchased with this amount. Kanpur Police is investigating the matter.
Cyber police's emphasis is on these topics
DCP Cyber Security Shaivya Goyal said that ways were considered to prevent misuse of online marketplaces and payment gateways, strengthening the preventive mechanism to stop suspicious transactions at the initial level, making security protocols and fraud detection systems more effective on e-commerce platforms, sharing information about suspicious transactions with law enforcement agencies in time, efforts were made to implement systems like geo-fencing, advanced KYC verification and business authentication to prevent misuse of online services. Are going.
What is geo fencing?
According to cyber expert Santosh Tiwari, after ordering from any online site, the delivery address is changed at the last moment and the goods are taken away. This is called geo fencing. Cyber thugs also commit crimes in this way. Especially the members of Jamtara and Mewati gangs do this.
Brainstorming with e-commerce company management
Gautam Budh Nagar Commissionerate Police is making efforts towards stopping geo-fencing. Recently, Police Commissioner Lakshmi Singh has also brainstormed with the management and representatives of e-commerce and payment gateway companies in the office located in Sector 108.
In the meeting, he also brainstormed about geo-fencing along with various aspects of cyber fraud. He had stressed on taking concrete steps in this direction and stopping geo-fencing so that the activities of cyber criminals can be curbed.
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