From Vishwa-Guru to Scam-Guru? https://youtu.be/UpdI0pzfgTk?t=108 , India is witnessing a rise in financial crimes of several kinds. On one hand we have great examples of the rich who have defrauded banks of thousands of crores. And on the other hand, we have whole illegal businesses sprouting in small cities that are defrauding people of their hard earned money. In the first 9 months of 2024, Rs.11333 crore has been stolen via cyber frauds! India recorded a 986% surge in financial fraud cases in the last 5 years!
By now, we should have improved the system. Some changes can be made in the banking process so that people do not suffer much loss. Why do our Aadhaar numbers, KYC details, bank account numbers, phone numbers get leaked easily and reach scammers? The government is running so many campaigns, doing KYC again and again, but is the system sound proof? ...Digital India is working for scammers, but the money of the common man is being looted. Utter Jim Browning, who exposes professional scam centers, is an ethical hacker who can see scammers from a distance through CCTV. most scammers are hackers. People with scams have no choice. Another important thing he said is that law enforcement is also very weak here. Even when they reported scam centres, instead of raids, scammers erased the evidence and picked up their bags and walked away. Not only online but offline frauds too.