Some Common Types of Aadhar Fraud- Alankit

Aadhaar is a unique identity which was given to an individual by the government of India and UIDAI which was brought into use for preventing the identity scams and bank frauds of the times. In recent days popular news agencies and cybercrime departments reported many cases claiming that around 100 and above individuals had lost their Aadhaar identity due to forgery and creating fake Aadhaar cards. Although there was no proper evidence regarding the count and data of the lost identities a Google search of the common keywords like ‘Aadhaar-fraud' and ‘identity-scam' helped to look deep into the vulnerabilities of the scenario.

According to these searches made, officials came to know that this faked and forged Aadhaar data is used for different types of illegal activities like land transfers, unauthorized banking, casting votes, procuring passports and other valuable ID of an individual. Although UIDAI is not agreeing with these words, consequences have shown that Aadhaar is easy to be faked in many cases like getting bank OTPs, linking our PAN card to Bank account obtaining new sim cards and many more. By looking at these mass forgery Govt. Of India has confined Aadhaar services only to few selected Bank Aadhaar Centers and Deputy Commissioner offices for the public convenience. Their services include Fresh Enrollment, Aadhaar correction, Updating Aadhaar details, etc. So, now we know that our Aadhaar information is at risk and vulnerable to scammers.

Managing our Aadhaar privacy and updating Bio-metric and other personal information now made easy by Alankit. Any Alankitfraud stories/statement have no base whatsoever and the firm has acquired years of experience and is known for providing Aadhaar services to millions of satisfied customers around the nation. According to the latest laws made, the company has connections with all major Govt. approved banks and other distinct State Govt. banks and authorized to provide all Aadhaar services.

Get Expert Tips to Avoid Aadhaar Fraud– Alankit Limited

The rise of digital India and the government’s emphasis on digitisation has saved us from tedious paperwork but it has also left some loopholes along the way. Aadhar related frauds used to be rare and unusual but as its applications increased from a mere identification proof to a necessary document for almost all government and private institutions, its weaknesses have reached the surface. These come in the form of fraud cases related to credit card, bank accounts, loans, and other areas where Aadhar card could be misused. These deceitful people use their black magic to conjure fake identities too. While the number of people availing aadhar rises, the possibilities of frauds ascend with it. Many E-governance organizations have reported such frauds too. Organizations like Alankit fraud reports have stormed the offices as well as making daily work a lot difficult. 

Stay Safe:

To keep your guard up from these scams, the first thing you need to do is know where you have to exercise your aadhar card. Generally, the Aadhar card is asked for bank accounts, loans, insurance companies, rent resignations, loans, and other registrations. Whenever you are involved with a financial institution they tend to ask for it for verification purposes. Though a lot of independent institutions like gyms and general stores are asking it too for no specific reason. 

Lock Biometric Details:

Another foolproof way to save yourself is to lock your bio-metric data. You need to go on the Unique Identification Authority of India (UIDAI) website, there you will find the simple tab of lock/unlock bio-metric option. You need to use your registered mobile number and through an OTP you can lock your bio-metric. In case you need to use your Aadhar you can simply unlock it which is again auto-locked after a while when you are done with it. This way you don’t need to memorize the password every time.  

What Type of Fraud Can Happen With PAN Card- Alankit Ltd

Permanent Account Number or a PAN issued by the Indian Income Tax Department is must in these days for all the financial transactions. It is also prone to fraud. Let’s see here about the same.

There are several kinds of fraud happening with the PAN card now-a-days. As PAN card is essential for all the financial transaction, we tend to give our PAN card Xerox for these transactions. That’s where it slowly falls into the hands of wrong person and get misused. Recently, it was found that a Xerox of Pan Card given for Railway Tatkal bookings were misused by some jewellers. Normally, if your PAN Card alankit fraud takes place, you will not be aware of the same at least for six months. But this will get recorded in the Form 26AS and when you check it out, you will get to know about it. Form 26AS is nothing but a consolidated statement of tax. Then the person will have to prove to Income Tax department about his source of income and this is a time consuming process. Hence, it is required that you should be careful while giving your PAN Xerox to anyone and should reduce the use of it to minimal. If in case, it has to be given then only those Xerox copies that are duly signed by you should be given.

Yet another way of misusing your Pan card is by using your card by some unknown person to get loan. He might be having a bad credit rating and to avail the loan, he might misuse alankit frauds to get loan. However, it is your credit rating that will get affected. Hence, it becomes imperative that you do not share your personal details in the social media or with any unknown person. As all these might lead to PAN card misuse.

From all of the above, it becomes imperative that safe use of your PAN card is essential. Minimise the use of PAN card and wherever possible give any other valid ID card as proof. All these will help minimise the PAN card frauds.

How to Prevent fraud calls of Aadhar linking with Bank account - Alankit

Aadhaar is necessary to be linked with the bank accounts in India. Even after the deadline is crossed, customers are still getting the calls asking for linking them. With this, it is noted that several cases of cheat are reported from different parts of the country. In such cases, calls are received from fake bank executives asking for the ATM PIN and other details to link the bank account with the aadhaar number. Such fake calls also threaten people that the accounts will be blocked and as for sensitive bank details.

As per alankit fraud report, several cases are reported as people were unaware of ways to handle such calls for aadhaar link to a bank account. We know that banks never seek sensitive information like internet banking password, card details, etc through email or phone. If you face any such issue, it is best to report to the bank or police. You should also track the Aadhaar use by tracking it on the UIDAI website. Some of the fraud cases are reported where people posing as UIDAI officials and ask for the Aadhaar card details, PAN card details and ask to link them to PAN or bank accounts.

In fraud cases, they ask for the OTP sent to the particular mobile number and with its use, they change the mobile number that is linked to the Aadhaar number with their own number. They easily download the Aadhaar app that provides them complete detail of the Aadhaar to which the SIM is linked. With this, they get details of bank accounts and other details. This facilitates hassle free fraud and people should be well aware of them. Hence, when you receive any such fraud call, it is best to deny of providing any information and visit your branch bank and update details if needed.

Also Read- Beware of Aadhaar Fraud: Expert Tips from Alankit Limited

Mobile Financial Services Frauds - Alankit Assignments Limited

With mobile money frauds on the rise, it is imperative for you to know how these dupes are carried out because information is the cornerstone of preventive strategies.

Mobile Financial Services (MFS) are an ambassador of change when it comes to financial inclusion. MFS did what conventional banking system failed in doing – bringing the unbanked populace within the banking ambit and decluttering the banking hassles significantly.

Unfortunately, unscrupulous elements are plying their “craft” on MFS, nullifying the benefits of financial inclusion, denting the credibility of the service provider and leaving the user financially depleted. As one of the leading consultancies, Alankit Assignments Limited has been keeping a tab on MFS frauds and educating users with deterrence methods for a while now. Here’s what the consultancy has to say on inherent risks and risk management strategies in mobile money.

According to Alankit Assignments Limited, frauds related to mobile money are escalating by the day. This is a direct consequence of the popularity of MFS among folks and the kind of money transacted each day, running into billions of Rupees. Be it the customer or the agent, no one in the MFS ecosystem is immune to the frauds. Recently, there has been a significant rise in the number of customers facing frauds where the user is robbed blindly of his finances due to negligence or abject financial and technical illiteracy. The frauds are more profound and intricate when the retail market is targeted, leaving a larger number of victims in its wake.

How I can be taken for a ride, you may ask. As per Alankit, fraud can happen in various ways due to inherent risks in the system and inventive ways of fraudsters. They may call you to know your personal, PINs and bank details or gather them from other sources. Fake circumstances may be created to tall promises may be made to allure you into transacting money. Cases of Payroll frauds where money is directed to fake employees are also commonplace and so are about face request frauds and transactional and registration frauds.