- 19 Dec 2022
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Soon after PM Narendra Modi’s announcement on October 1, 2022, on the launch of 5G services, telecom giants like Reliance Jio and Bharti Airtel started rolling out the 5G network across India. While telecom service providers and smartphone makers work jointly to promote 5G in the country, scammers are leaving no stone unturned to defraud people online.
Scammers are turning to cyber scams by posing as customer care executives representing renowned network providers and sharing compromised links that require them to fill up personal details or sensitive information like bank passwords or OTPs under the guise of upgrading their 4G SIMs to 5G. The swift rise in the number of cyber scams reported from across the country has resulted in authorities in different cities issuing 5G SIM scam alerts and cautioning citizens to stay alert.
Common Tactics Used by Scammers
These are some of the techniques used by scanners to extract the most valuable data. So, it is important to stay vigilant.
Tips to Safeguard Yourself from the 4G to 5G SIM Upgrade Scam
There are several precautionary measures you need to take to protect yourself from the 5G SIM upgrade scam and ensure that your hard-earned money stays safe.
Here are some ways to stay safe from cyber scams:
At present, Airtel and Reliance Jio are the only two telecom companies that have committed to launching 5G services in India. However, these operators intend to offer the facility only in select regions, to begin with. While Jio 5G is available in Mumbai, Delhi, Kolkata, and Varanasi, Airtel True 5G is available in eight cities, including Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Nagpur, Siliguri, and Varanasi.
As a company with a reputation of being one of the best NBFCs in India, DMI Finance strives to bring the latest information and safety measures for its customers regarding the finance industry, cyber scams, cyber security, and a lot more.
Read the DMI Finance Blog and stay connected with us via Facebook, LinkedIn, Twitter, and YouTube for such relevant information. Stay aware, and stay protected!