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A hack into India’s top internet scams
In an effort to educate people on the most notorious scams, Telenor Group released the results of an Internet Scams study showing the top three scams in India.
As internet accessibility in India continues to expand throughout the country and seamlessly across technology devices and daily life, so too do internet scams’ inventive ways in infiltrating consumers’ personal information
In an effort to educate people on the most notorious scams, Telenor Group released the results of an Internet Scams study showing the top three scams in India. The multi-market survey assessed the impact of scams on 400 internet users aged 18 – 65+ in India Singapore, Thailand and Malaysia and was conducted to provide better understanding of the common methods in which people are “scammed” online.
The results additionally glean the best internet scam prevention methods from experienced users, in order for netizens in India to gain more insight and education on the subject. As internet accessibility in India continues to expand throughout the country and seamlessly across technology devices and daily life, so too do internet scams’ inventive ways in infiltrating consumers’ personal information.
The study revealed that 85 per cent of India’s internet users are familiar with the term ‘Internet Scam’ and feel open to online threats, with 63 per cent saying they’re ‘very concerned’ about online scams a third more than those who say they’re concerned with muggings.
Further, for those surveyed who indeed have been subject to an online scam in India, 90 per cent have lost money and compared to neighbors, the amount of money stolen is the highest. Regionally the average financial loss per person is Rs 6,81,070 ($9900 USD), but alarmingly in India the average loss was Rs 8,19,000 ($12,000 USD).
Top three scams
The top three scams are the ‘work from home’ fraud, lottery scams and fake bank email scam. The ‘Work from home’ is a scam whereby users are either fooled into paying someone online to help them start a business, only for nothing to materialize, or users are tricked into completing work on their computer but never receive payment.
One quarter of the participants have been a victim of lottery scam emails, where the user is prompted to pay a processing fee in order to win a large sum of money, and a further 17 per cent had been victim to fraud from scammers pretending to be their bank to acquire personal information and funds.
“As Indian netizens, we all know that scams exist but to see that the highest amount of money stolen via scams is in India shows this is an area we communally need to address. As a leader in telecommunications, Telenor India is dedicated to enhancing internet safety,” said Sharad Mehrotra, CEO Telenor India, “We hope that the findings from this digital consumer study will encourage all of us to take preventative measures to stay safe online.”
Revealed
• About 90% lose money online
• Average Indian loses over Rs 8 lakh through online scams
• Over 57% know a person scammed online
Most Notorious Online Scams Of all the internet scams, the top three scams most frequently encountered in India
1. Work from home fraud 39%
2. Lottery scams 25%
3. Fake bank email scam 17%
