blank victims are made to join a group on telegram through which all the fraud [Music] takes have you ever experienced this situation before if not because there's a high chance you might in the future 42% of Indians have experienced financial fraud in the last 3 years according to a survey get this an average victim losers around 15 , 334 rupes and of these people 74% of them are unable to get their money back so how do you protect yourself from all of these scams just listen to your man Finance with Sharon but beyond that I
want to talk about the biggest Financial scam which are happening in India today number one loan app fraud it's 3:00 p.m. on a Sunday afternoon you just stuffed yourself with mea Biryani and scrolling through reals you later come across an ad which redirects you to download an app that is ready to give you a loan and the interest rate which is unbelievably low this seems like a dream come true to finally get yourself a new phone and a Macbook and new pair of sneakers and you continue using the app it asks you for access to
your gallery contacts and obviously you click on agree 20 times without even reading the terms and conditions I mean who does that the loan gets approved and the money is in your account everything seems good but suddenly your relatives are sending you screenshots of videos of you on Bon Hub now you might think first why are my relatives on Bon Hub and second when did I star in such movies but then you got a phone call it's a blackmailer demanding you to pay back the loan amount with 100% interest or you won't remove those videos
from that site this scam is widely prevalent and many people have lost thousands to it the moment you give access to your gallery the frers get access to your images and create nude mofed versions of it they blackmail you saying they'll forward these pictures to your contacts which in the first place you yourself give them access to in some cases these apps make profits as high as 2,100 per as well so how to save yourself from this scam first subscribe to this Channel and second when it comes to loan app frauds avoid any loan app
that isn't affiliated with an RBI registered bank or nbfc these details can easily be found with a simple Google search don't download any app that isn't verified by your phone's app store if the app offers 0% interest or very low interest it's most definitely a scam check for reviews of the app online if you can't find any it's probably new or you're going to be the first victim most importantly if the app promises to approve your loan without any background verification such as credit score check or documentation check it's a scam number two gift card
scam and email scam the next scam involves your boss in other words your pseudo boss it's 9:00 a.m. on Monday morning you just entered the office and received an email from your boss the email says that your boss is in an important meeting and needs you to immediately purchase a few Amazon gifts cards for his wife's birthday he claims he cannot do this because of the meeting and that he'll reimburse you later it's obviously a little sus but you give into to his reasoning and purchase those cards anyway promotion you meet your boss in the
evening and ask him if he received those gift cards and he asks what gift cards you find out that your boss never asked for a gift card this type of scam is on the rise guys people receive an email from someone imitating to be their boss and asking for money apart from gift cards they sometimes will instead ask you to pay a vendor on their behalf and they'll reimburse you for it what these scammers do is that they use an email address which is exactly the same as your bosses except it differs by one or
two letters the idea behind the scam is that gift cards are Anonymous and untraceable a gift card is basically digital cash with no account number linked to it for example here's something that actually happened where someone faked pranal cra's email tips to avoid such scam make sure to fully read the email address of the sender in most cases it may have one or two letters which are different it may also have an additional letter in between another thing that you can do is always call them up and confirm once if they actually wanted you to
purchase a gift card for them you'll mostly realize they did not ask for one scam three Ox scams now when you want to buy or sell something online there are many frauders out there trying to loot your money ox and quicker are some of the most widely known websites to sell your used Goods but if you aren't careful you could definitely get scammed let's say you're trying to sell your old phone you post an ad on these platforms to sell it you're likely to get an immediate response by someone posing as a buyer you're like
damn everything is sorted in most cases they don't even negotiate the price and are willing to pay you whatever you ask for let's assume that he posted the phone for a sale at 12,000 rupees the scammer will tell you that he'll pay you the amount online through UPI such as PTM or through Google pay then they tell you that they are in the Army stationed in a far off place and hence it's not possible to get physical delivery with the phone nor can he pay in cash he'll try to gain your confidence by stating he'll
pay in advance then he'll proceed to send you a fake screenshot which shows he's paid you through UPI in reality you haven't received jack you tell the scammer you haven't received any money he then proceeds to send you another QR code claiming that to receive the money you need to scan this so you proceed to scan this QR code and enter your UPI pin but bada bing bada boom instead of Money Getting to your your account money gets debited now you're losing it I mean obviously he's from the Army right so he won't scam you
but he isn't from the Indian army he's probably from the BTS army man now he proceeds to send you another QR code claiming to send you double that amount which will cancel out the 12,000 rupes which was already debited seems like a nice guy right now I don't think I need you to tell what happens from here on out these scams happen both ways guys while buying and selling a product a similar scam happens when you're trying to buy something the scammer will claim he's from the Army and hence you won't be able to take
a physical look of the product they'll ask you to pay in advance to ship the product as well some of these dudes will even send you fake identification as an army officer plus a corer receipt stating that they've shipped the product now how to avoid this one pretty simple if you ask me firstly verify the identity of the seller or buyer most fake ads can be easily detected they usually just copy paste images from another seller but with an extremely low price next if the other party seems to be in a hurry or urgently tries
to close a deal then it is most likely a frauder avoid accepting or making an advanced payment try your best to get a view of the product in person if possible and be wary about the location you meet as well always meet in a public place and don't disclose personal addresses finally if the other party claims to be someone they're not then that's basically identity theft identity theft is not a joke Jim millions of families suffer every year scam four social media hacking now let's come to the most widespread scam happening today which many of
us are most likely to go through has any of your social media accounts ever been hacked now you might say Sharon we are not some influencer like you with millions of followers why would a hacker hack my account you're right you don't have millions of followers like me but the hacker still wants to hack your account I'm going to tell you what they can and will do with your account as well but firstly how on or do they even hack your account in most cases they have already hacked your friend's account you will later get
a cautionary message from that hacked account stating that an inappropriate photo of you has been posted online he'll send a link where you can view this out of panic you rush to open that site it asks you for your login credentials and you sign in now the hacker gets access to your account because you entered details on that site but you you don't know that it's all done on the back end once you sign in you find nothing there and assume it to be a prank by your friend you think your friend is a dumbass
doing such a useless prank but you're the real dumbass who just gave away credentials to your account to someone else next thing you know the hacker starts sending messages to all your friends asking for money saying it's an emergency if you have broke friends just like yourself emotion no damage then it's all cool because no one can give any money but there's a good chance that the hacker can t a family member or relative for example a man in Mumbai lost a total of 60,000 Rupees by making four transactions of 15,000 rupees each before he
got suspicious and called up his needy cousin who was requesting the money only to find out that his account was hacked but Sharon this scam is hard to figure out because we don't know what to trust and what not to trust so for that I tell you avoid opening unknown and suspicious links through your account do not log in using your credentials on any unknown website and lastly because Common Sense isn't so common don't share details like your AAR card pan card Etc online and mainly for the guys in my audience did some hot chick
you don't know slide into your DMs and want to be more than just friends it's probably a fake account bro next thing you know they're going to start asking you for money saying it's an emergency and your ass will probably feel sad and give it to them only to find out you got played by some dude from Jamara con look scam five fake influencer scam talking about social media scams there's another one going around quite a bit if you ever commented on my YouTube shs you'll probably receive a comment from this account at this point
it's obvious that it isn't me I do not provide any type of consultation on WhatsApp either we don't do that here today there are many accounts which are fake and use the identities of many other Finance influencers as well the worst part is them trying to provide consultation and charging for it if you fall for it and pay them you aren't going to get any consultation call back either I have many DM where people fall for these scams and ask me why I haven't given them consultation call yet that's not me currently both my Instagram
and YouTube channels are verified hence don't believe any communication you receive through other channels here's another example where someone faked akad shav's profile and offered Services tips to avoid such scams checking for a blue tick mark is kind of useless because most Finance influencers don't have a blue tick mark yet I didn't have one either until I hit the 1 million mark on Instagram hence a better way to differentiate against fake accounts is the follower to likes ratio next check if other influencers follow this account here's an example the second account here is the real
account of Tas ji so finally guys the five Financial scams I just covered are just the tip of the iceberg and it's impossible to fit all of them into one video so tell me in the comment section below if you want a second part and I'll make one just for you guys the best way to handle scenarios where you're mostly going to get scammed is to stay calm and analyze the situation Panic will make you overlook the situation and cause more more collateral damage New Age banking has made a lot of things convenient for us
but there are downsides as well hence follow my tips share this video with someone who's most likely in your family to fall for such scams and stay safe guys it's usually our parents and older people fall for such scams so please share this video with them and I'll see you in the next one
