Online frauds: The precaution we should take to protect ourselves

The Reserve Bank of India in its annual report said that Covid-19 pandemic fuelled the proliferation of digital modes of payments. As money grew on virtual platforms, so did the tech-savvy fraudsters. According to the National Crime Records Bureau, the cyber-crimes saw a surge of 12 per cent last year. And just like the real world, the law enforcement agencies are on toes to curb frauds in the virtual world too.

And if you thought that just the elderly and technically-challenged people fall prey to cyber frauds, then you are mistaken. Seasoned fraudsters who work full-time to cheat people have spared none. Let us see what methods these fraudsters adopt to swindle money.