VISHING FRAUD

♤ Voice phishing is the criminal practice of phone calling to gain access to private personal and financial information from the public for the purpose of financial gain, identity theft.

♤ Voice phishing is typically used to steal bank details such as credit card numbers, passwords, pins, expiry date, Date of birth.

♤ Some fraudsters use features facilitated by Voice over IP (VoIP). Features such as caller ID spoofing (to display a number of their choosing on the recipient’s phone line) and automated systems (IVR).

♤ It is difficult for legal authorities to monitor or trace.

♤ Eg. According to police sources in Chennai, the gang which targeted many people in Chennai, suspected to be operating from Delhi, has access to bank accounts and card details of numerous customers mainly of private sector banks which they use to prove that they are calling from bank.