Netflix Fraud: An Elderly Man From Mumbai Tried To Renew A Subscription For Rs. 1.22 Lakh
Netflix, one of the most used OTT platforms, was recently used to trick an old man in Maharashtra. A Mumbai resident recently lost Rs. 1.22 lakh in a fraud incident while trying to renew his Netflix subscription. The incident was reported by the 73-year-old victim to the Mumbai police station in Juhu. According to police records, the man received an email, apparently generated automatically by Netflix, reminding the user to renew the streaming subscription at a monthly rate of Rs. 499. This prompted him to click on the link attached to the post.
The link required the unnamed victim to fill in his credit card information to facilitate the transaction and renew his Netflix account which he promptly provided.
“One Time Password (OTP) was generated on his mobile phone to pay Rs 1.22 lakh. He entered the OTP without paying attention to the amount and soon after, the amount was deducted from his account,” said Indian Express. reports quoted a police officer familiar with the matter.
Time and again, cyber security experts, banks, and law enforcement agencies have warned people against sharing their OTPs related to phone accounts with strangers.
In this case, the victim did not realize that he had been defrauded until the bank’s automated call asked him to confirm and confirm that the transaction was made by him.
India’s National Cybercrime Reporting Portal reported a 15.3 percent increase in reported complaints in the second quarter of 2022 compared to the first quarter of 2022. published by the Ministry of Home Affairs in October this year.
Considering the rise in cyber crime, the Indian authorities have been taking strict measures to curb these incidents.
Back in October, the Enforcement Directorate launched a money laundering investigation into a mobile app called Keepsharer, which was run by some Chinese people.
After raiding several establishments, the ED seized money worth Rs 5.85 crore.
To protect Indians from financial risks linked to the crypto sector, the ED has also been tightening the reins on the operation of crypto exchanges, which operate in the nation.