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Showing posts with the label cyber fraud india

Account Rent Scam in India: How People Are Earning and Losing Money Online

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 A new online trend called “account renting” is rapidly spreading across India, where people are being offered money in exchange for giving access to their bank accounts or social media profiles. While it may look like an easy way to earn money, experts warn that it is extremely risky and often linked to cyber fraud. In this trend, individuals are approached through social media platforms or messaging apps and are promised daily or monthly income if they allow others to use their accounts. These accounts are then used for illegal activities such as money laundering, scams, or fake transactions.Experts in Cybersecurity say that once you give access to your account, you lose control over how it is used. If any illegal activity happens, the original account owner can face serious legal consequences. Authorities in India have already issued warnings about such scams. Many people havereported losing their bank accounts permanently or getting involved in fraud cases unknowingly. Cybercri...