Digital Arrest Scams: How to Protect Yourself from Online Fraud

A concerning wave of digital arrest scams is targeting bank customers across the country, leading to significant financial losses. These sophisticated scams prey on unsuspecting individuals, often resulting in devastating consequences.

NCDRC Holds Banks Accountable for Service Deficiencies

The National Consumer Disputes Redressal Commission (NCDRC) has taken notice of the rising tide of these scams and has flagged serious service deficiencies within banks. These deficiencies, the NCDRC suggests, may be contributing to the vulnerability of bank customers to these fraudulent schemes. The commission is considering seeking support from central agencies to bolster consumer protection.

Understanding the Threat: How Digital Arrest Scams Work

These scams typically involve fraudsters impersonating law enforcement officials and contacting victims via phone or email. They claim that the victim is facing imminent arrest for a fabricated offense, such as money laundering or tax evasion. The scammers then pressure the victim into transferring funds to avoid arrest, often exploiting fear and urgency to achieve their goals.