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Source: Economic Times

Economic Times
Source
Banking Sector
Category
1 min
Read time
27 Aug
Published
Banking Sector
1 min read· Economic Times Trending

HDFC Bank staff avert Rs 1.12 crore ‘digital arrest’ scam

HDFC Bank employees helped stop a suspected ‘digital arrest’ fraud involving Rs 1.12 crore. A staff member spotted an anxious elderly couple attempting a large transfer during a video call with an unknown person.

The attempted fraud came to light when the couple’s behaviour caught an employee’s attention. They appeared worried and were trying to transfer a substantial sum while remaining on the call. That combination prompted the bank team to take a closer look at what was happening.

The employees recognised the activity as suspicious and acted quickly to prevent the potential loss. The report identifies the case as a ‘digital arrest’ scam, but the supplied account does not describe what the caller told the couple or how they were persuaded to attempt the payment.

The reported amount at risk was Rs 1.12 crore. However, the account does not name the branch, give the date of the incident or explain the precise steps used to stop the transaction. It also does not provide details of any subsequent police action, so the outcome beyond the bank’s intervention has not been stated.

#Fraud#HDFC
Source: Economic Times