Cyber fraud can happen anywhere anytime

We have reached a juncture where the smartest ones are being outsmarted by the easy money makers who are always in the want of more money and who keep searching the very easily available online data of easy targets and extract more and more money from the innocents.

It was brought to notice in news by Hindustan times that a person from Chennai made an innocent techie from Pune face abstinence from enjoying his own profits on share investments by a deceitful foul play with his demat accounts by a person from Chennai.

Deceiter Varshan’s acquiring the information about demat account  of Gitesh Shilke, a techie from Pune,  led to hacking induced robbery from his investments. It is learnt that by interchanging the personal details, Varshan, made changes in Shilke’s demat login.

Varshan sold off shares worth 70 lakhs from Shilke’s demat account and transferred the proceeds to his personal account