Senior Citizen On Cyber Criminal’s Radar, Retired Cop Loses Rs 6.24 Lakh To Bank Fraud

Elderly people are more likely to be victims of online financial fraud, and they lose more money than the average person. In a recent case, a retired police officer registered an FIR that Rs 6.24 lakh was withdrawn from his bank account after his son exchanged the OTP with a caller who posed as a State Bank of India official.

According to the complaint filed with the Cyber Crime Police, on March 4, a person claiming to be an official from the SBI called the retired official on his cell phone. The call was answered by his son. The individual claimed that a total of Rs 2 lakh had been deducted from his account and that he (the official) required the OTP to reverse the amount.

Believing the caller, the victim’s son shared the OTP. Soon they got an SMS informing Rs 6.24 has been withdrawn from the account. The money was transferred to different accounts in New Delhi.

Cyber experts claim, cyber criminals are working in nexus with some corrupt bank officials and they know who has got how much money in the bank. Retired people are their favourite target as most of them are not much tech-savvy and they deposit their hard-earned money in the bank.  

Earlier, Delhi Police arrested six people for defrauding senior citizens by offering them a big bonus on their insurance policies. Similarly, two people were for stealing money from elderly people’s bank accounts.