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SBI Credit Cards-Caveat Emptor


wealthymattersThe following is Dhriti Mitra’s story in her own words:

I got a SBI credit card issued for the first time (due to the promotional calls done by SBI for getting a credit card issued at no charge).

I had applied for a SBI credit Card in the month of March 2018 and received the SBI credit card in the month of April 2018. I happen to receive messages from VK-SBICRD that they are unable to issue a credit card due to internal policy. Eventually I got the same message even after receiving the credit
card (last message received on 30th June 2018, 8:14am)wealthymatters Read more of this post

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E-Mail Frauds Targeting Exporters


wealthymatters

According to the Federation of Indian Export Organisations (FIEO),cybercrime involving overseas gangs is turning into a fast-growing menace  for small exporters who have seen a five fold jump in fraudulent transactions in their accounts over the past three years or so. Cyber frauds have increased 25-30% in the past one year alone.About 100 such cases occur every month.To make things worse,small-time exporters and start-up companies who fall prey to these gangs do not report the incident because the exporters are too busy managing their main business and prefer to avoid litigation while preventing their clients from knowing any such thing that may demonstrate inefficiency.

International fraudsters, which run syndicates across the world, normally follow two ways to swindle exporters using electronic methods of funds transfer: Read more of this post

Red Alert!


wealthymattersToday I received an alarming e-mail.I have copied it below:

It could mean that there is a concerted attempt to cyber squat on the domain name wealthymatters.com. As my blog deals with financial matters,I fear financial crime.So readers please beware of phishing attacks and business proposals supposedly originating from me or my site.Write to me to confirm that any financial advice,recommendations etc. actually originate from me before committing money.

Here’s the e-mail: Read more of this post

Beware The New E-mail Frauds


wealthymattersWealthy Nigerian businessmen and lonely Kenyan women flush with funds, soliciting your bank account details over an email, to transfer millions of dollars are passé. As Indians migrate to the internet en masse, so are the not-so-friendly neighbourhood scamsters. These fraudsters now land up in your inbox as advocates, police officials and friends through emails personally addressed to you and laced with links to malicious software that can steal your personal information including those related to credit cards and bank accounts.

The rise in email scams is directly proportional to the increase in internet penetration in the country, especially with the number of first-time internet users going up each day.A recent Cisco study found that India is the world’s largest source of internet spam, followed by the United States, South Korea and China. With over 130 million users, India’s internet population is one of the fastest growing in the world. Most of these scam emails are targeted at average, technically less sophisticated email users.  Read more of this post

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