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  • Cyber Security by CB 2 Chethan Bhat

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    Shreya Kini
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    The document discusses various types of cyber security fraud such as electronic banking fraud, SOVA malware, UPI fraud, phishing hacks, impersonation on social media, and ATM card skimming. Electronic banking fraud involves illegally removing money from a bank account or transferring money to another account. SOVA malware spreads via fraudulent SMS messages prompting victims to share details, then sends downloaded app lists to the attacker's server. UPI fraud starts with random verification calls followed by asking victims to download apps like AnyDesk or ScreenShare to get OTPs and allow phone permissions for fund transfers. Phishing hacks create fake legitimate websites to distribute links that steal user data. Impersonation on social media uses fake accounts and friend requests

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    The document discusses various types of cyber security fraud such as electronic banking fraud, SOVA malware, UPI fraud, phishing hacks, impersonation on social media, and ATM card skimming. Electronic banking fraud involves illegally removing money from a bank account or transferring money to another account. SOVA malware spreads via fraudulent SMS messages prompting victims to share details, then sends downloaded app lists to the attacker's server. UPI fraud starts with random verification calls followed by asking victims to download apps like AnyDesk or ScreenShare to get OTPs and allow phone permissions for fund transfers. Phishing hacks create fake legitimate websites to distribute links that steal user data. Impersonation on social media uses fake accounts and friend requests

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views20 pages

    Cyber Security by CB 2 Chethan Bhat

    Uploaded by

    Shreya Kini
    The document discusses various types of cyber security fraud such as electronic banking fraud, SOVA malware, UPI fraud, phishing hacks, impersonation on social media, and ATM card skimming. Electronic banking fraud involves illegally removing money from a bank account or transferring money to another account. SOVA malware spreads via fraudulent SMS messages prompting victims to share details, then sends downloaded app lists to the attacker's server. UPI fraud starts with random verification calls followed by asking victims to download apps like AnyDesk or ScreenShare to get OTPs and allow phone permissions for fund transfers. Phishing hacks create fake legitimate websites to distribute links that steal user data. Impersonation on social media uses fake accounts and friend requests

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 20

    Cyber Security

    By Chethan Bhat
    11/02/2022 1
    What is
    Electronic
    Banking fraud?

    Internet Banking Fraud is a fraud or


    theft committed using online
    technology to  illegally remove
    money from a bank account and/or
    transfer money to an account in a
    different bank.
    11/02/2022 3
    11/02/2022 4
    11/02/2022 5
    11/02/2022 6
    How does SOVA work?

    The malware spreads through smishing. Smishing is a process where


    fraudulent SMS are sent to individuals prompting them to share their
    details, including passwords. Once the app is downloaded on the mobile
    phone, the malware sends the list of all the downloaded apps to the
    server that the attacker controls.

    11/02/2022 7
    11/02/2022 8
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    11/02/2022 10
    11/02/2022 11
    How do hackers execute UPI fraud?

    It’s been observed that fraudsters follow a pattern whilst executing these

    elaborate plans. As a result, we’ve managed to weave a stepwise timeline

    of how these plans are generally performed. Let’s take a look at how UPI

    fraud occurs:

    11/02/2022 12
    01
    all starts with a random call.
    verification questions like your date
    of birth, name, or mobile number.

    02
    proceed to ask the latter to download an
    application on their phone. Some apps are
    UPI AnyDesk and ScreenShare, available on the
    Google Play Store.

    frauds 03
    The fraudster will then ask the victim for OTP
    As soon as the victim reveals the code, the
    hacker will also ask to grant permission from
    the phone.
    04
    Fraudsters also send a ‘collect request ‘or
    a refund request to your Virtual Payment
    Address (for ex: name@bankname) on
    11/02/2022 apps like Google Pay, PhonePe, etc. 13
    Let us listen to this audio

    11/02/2022 14
    How does Phishing hacks work

    Fraudsters create a phishing website that


    appears to be a legitimate website, such as a
    bank's website, an e-commerce website, a
    search engine, and so on. Fraudsters distribute
    links to these websites by SMS, social media,
    email, and Instant Messenger, among other
    methods.

    11/02/2022 15
    11/02/2022 16
    Impersonation on social media

    With lots of people spending time on social media and


    updating their details has made fraudsters easy to get
    details to dupe the people. As per the RBI booklet,
    “Fraudsters create fake accounts using details of the users
    of social media platforms such as Facebook, Instagram,
    Twitter, etc. Fraudsters then send a request to the users’
    friends asking for money for urgent medical purposes,
    payments, etc. Fraudsters, using fake details, also cont ..

    11/02/2022 17
    ATM card skimming

    Skimming devices are installed in ATM machines by fraudsters who take data
    from the customer's card. According to the RBI release, “Fraudsters may also
    install a dummy keypad or a small / pinhole camera, well-hidden from plain
    sight to capture ATM PIN. ? Sometimes, fraudsters pretending to be other
    customer standing near-by gain access to the PIN when the customer enters it
    in an ATM machine. This data is then used to create a duplicate card and
    withdraw ..

    11/02/2022
    18
    11/02/2022 19
    THANK YOU

    11/02/2022 20

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