Loan Waiver Scam Alert: Cybercriminals Target Farmers on WhatsApp

By IND Today News Desk Last updated Jul 19, 2024

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Loan Waiver | Hyderabad, July 19: As the Telangana state government rolls out its loan waiver program for farmers, cybercriminals are attempting to exploit the situation. Authorities have issued a warning regarding fraudulent messages circulating on WhatsApp that target unsuspecting recipients.

The scam involves messages sent from unknown WhatsApp numbers, often disguised with bank logos as profile pictures. These messages contain suspicious links that, if clicked, can lead to disastrous consequences. Clicking such links can compromise your phone’s security in two ways:

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Hacking: The link might be a malware trap designed to hack your phone and steal personal information.
Remote Access App Download: The link could trick you into downloading remote access apps like AnyDesk. Once downloaded, these apps allow the scammer to take complete control of your phone, potentially leading to:
Direct Bank Account Theft: Criminals can access your banking apps and steal money directly from your accounts.
Expanded Fraud: Using your contact list, the scammer can send messages to your friends and family requesting money, further expanding their reach and potential victims.

Staying Safe:

Farmers and all citizens are advised to remain vigilant and follow these safety measures:

Do Not Engage: Be wary of messages from unknown numbers, especially those with bank logos.
Suspicious Links? Ignore Them: Never click on suspicious links within WhatsApp messages, even if the message mentions loan waivers.
Verify Official Channels: Always confirm loan waiver details directly through official government channels or your bank. Authorized sources will never ask for personal information through WhatsApp.
Report Fraud: If you receive a suspicious message, report it immediately to the cybercrime department’s toll-free number 1930.
By staying informed and practicing caution, you can protect yourself and your loved ones from falling victim to these malicious scams. Remember, if something seems too good to be true, it probably is.