A credit card KYC verification call can become a gateway to financial fraud when criminals persuade customers to share sensitive banking information and mobile screens. A recent investigation by Delhi Police has revealed how fraudsters allegedly impersonated bank officials, obtained credit card details and intercepted one-time passwords (OTPs) to make unauthorised purchases. More than 50 people were reportedly targeted through the scheme.
How the Fake Credit Card KYC Scam Begins
According to investigators, the fraudsters circulated advertisements on social media platforms, including Facebook, offering assistance with credit card KYC updates.
Interested individuals were directed to online forms seeking their personal information and contact details.
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How Screen Sharing Gives Fraudsters Access to OTPs
The callers impersonated bank representatives and informed customers that their credit card KYC verification was pending.
During subsequent video calls, victims were allegedly persuaded to display their credit card numbers and CVV details while sharing their mobile screens.
This allowed the fraudsters to view incoming OTPs and carry out unauthorised credit card transactions.
The technique relied on convincing customers that they were completing a legitimate banking procedure.
How Stolen Credit Cards Were Used for Shopping
Investigators found that compromised credit card details were allegedly used to purchase expensive smartphones through e-commerce platforms.
In one instance, a smartphone worth ₹1.39 lakh was purchased through a credit card transaction and delivered to the Dhanbad area of Jharkhand.
Police said the phones were delivered to locations in Jharkhand and West Bengal before being sold at discounted prices.
Two Accused Identified in Jharkhand
Police identified the suspects as Aftab Ansari, 24, a BTech graduate, and Abdul Majid, 23, both residents of Borwa village in Jharkhand’s Jamtara district.
The arrests followed an investigation by the Shahdara district cyber police station into unauthorised credit card transactions.
The420 Insight: KYC Fraud Exploits Screen Sharing
The investigation highlights how fraudsters allegedly combined bank impersonation, fake KYC advertisements and screen-sharing technology to access sensitive financial information.
The case also demonstrates how compromised credit cards were allegedly used to purchase expensive goods for resale.
Police are examining the seized devices for further evidence, while the reported involvement of more than 50 victims indicates the scale of the suspected operation.
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