Cybercriminals have found new ways to dupe people. They are now luring OTT consumers by offering subscriptions at cheap rates. While all major OTT players normally charge around Rs 1,500 for a subscription, fraudsters are offering the same for just Rs 500. Their modus operandi is to contact OTT consumers through WhatsApp with these minimal subscription offers. Once consumers fall prey, their bank accounts are emptied within minutes.
According to a report published by Telangana Today, the fraudsters approach consumers with APK files and remote access apps sent through links, a probe revealed.
DCP Cybercrime said that once the malware is installed on a victim’s device, it secretly fetches banking details, PAN, Aadhaar, and other sensitive information.
Cyber officials further warned that even Google searches for OTT subscriptions may put consumers at risk. Scammers target people through such ads, and once clicked, the ads redirect individuals to WhatsApp chats with fraudsters.
Delhi Police arrests former advocate in Rs 100 crore ponzi scheme
In a separate incident, the Economic Offences Wing (EOW) of Delhi Police has arrested a former advocate for allegedly masterminding a massive Ponzi scheme that duped investors of approximately Rs 100 crore by promising exorbitant returns through stock market investments.
According to the police, the accused, identified as Sanjay (36), a resident of Geeta Colony in Delhi, was running the scheme through a network of companies, including Trade Cops Pvt. Ltd. and Tradecop Financial Services. The accused had earlier been lodged in Karnal jail in connection with a similar case.
Sanjay and his associates, including alleged mastermind and fellow advocate Deepak Thakur, solicited funds from the public by guaranteeing a fixed monthly return of 8%. They claimed this profit was generated through sophisticated “in-house algorithms” capable of yielding over 20% monthly in the financial markets.
