Auto-Reset Fraud: Scammers have launched a new auto-reset scam to defraud people. In this scam, scammers reset phones and steal money from accounts.

Auto-Reset Fraud: Scammers have found a new way to cheat

Auto-Reset Fraud: Cybercriminals are constantly looking for different ways to scam people. Now, a new fraud has come to light in Mumbai, where scammers stole thousands of rupees from a person's account by resetting their phone. By the time the victim discovered the fraud, the money had disappeared from their account. Let's explore how this fraud was carried out and what precautions you can take to avoid it.

How was Auto-Reset Fraud carried out?

This type of scam begins with a message. Scammers attempt to target people by sending links via WhatsApp, SMS, email, or social media. If someone clicks on the link, malware is installed on their phone. Once the malware is installed, the scammer gains complete control of the phone, allowing them to view all your messages and OTPs. In this case, the scammer reset the victim's phone, causing all apps and data to disappear. When the victim turned on their phone, they found their hard-earned money stolen.

What are the preventive measures?

• To protect against cyber fraud and scams, it's crucial for users to be vigilant. Even a slight negligence can ruin the whole situation.
• Do not click on any link received from any unknown person on social media, WhatsApp or message.
• Do not fall prey to tempting offers on social media or WhatsApp etc.
• Always download apps from the Google Play Store and Apple App Store. Don't make the mistake of downloading APK files from untrusted sources.
• Review the permissions granted to apps installed on your phone. If any app has obtained unnecessary permissions, deny it.
• Always keep mobile apps and phone software updated.

A new feature is coming to protect you from scams.

Google is rolling out a new feature to protect Android users from scams. This feature, which identifies fake and scam calls, can save users from losing money. It will identify and alert you when a scammer calls you pretending to be someone you know. Upon receiving the warning, you will be able to disconnect the call. It's rolling out first to Pixel devices.