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ICICI Bank Issues Warning on New Cyber Threat: Beware of Emails, Calls, and Messages

ICICI Bank Alerts Customers About New Cyber Extortion Scam

ICICI Bank has issued a crucial warning to its customers regarding a significant new threat: cyber extortion scams. According to reports, cyber criminals are targeting individuals and organizations by sending threatening messages that demand money in exchange for not leaking sensitive and confidential information. Here’s what you need to know to protect yourself.

Understanding the Extortion Scam

The scam typically begins with an email where cyber criminals claim to have access to private photos and personal data of the targeted user. These fraudsters then threaten to leak this information to friends, family, and public platforms unless they are paid. Often, the criminals do not actually possess any such data, but the fear instilled in the victims prompts them to comply with the demands.

Recognizing the Extortion Scam

ICICI Bank has outlined several ways to identify these scams in its email to customers:

  1. Communication Methods: Scammers may reach out through calls, messages, or emails, posing as representatives from government departments or collection agencies.
  2. Threats of Legal Action: Victims are often threatened with legal action or arrest, and are given the option to settle the matter with a payment.
  3. Requests for Personal Information: Fraudsters may ask for passport details, date of birth, and bank details.
  4. False Claims: Scammers might falsely claim that police are on their way to the victim’s home to create urgency.

How to Protect Yourself

To stay safe from these scams, follow these guidelines:

  1. Stay Calm: Do not be alarmed by unknown callers demanding money. Do not respond to such calls.
  2. Avoid Unusual Payments: Never make payments through gifts, hampers, vouchers, or wire transfers.
  3. Verify Caller Identity: Use official contact details to verify the caller’s identity. Do not use contact information provided by the caller.
  4. Guard Personal Information: Do not share credit card details, online account information, driver’s license, or passport details over email or phone with unknown persons.
  5. Be Cautious with Emails: Avoid clicking on links or downloading attachments from unknown emails. Doing so may introduce viruses to your computer.
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