Sim Swap Scam

Sushubh

Administrator
Messages
426,207
Location
Gurugram
yup. they seem to have designed it this way intentionally to keep the friction low. most people carry their debit cards with them so they can get on upi pretty easily. online banking on the other hand requires a lot of effort. using a mobile app has same issues as most mobile apps suck and password requirements are batshit crazy for most banks.
 

Sushubh

Administrator
Messages
426,207
Location
Gurugram
god knows. i mean the money should have gone to a bank. and they could have taken out the money in cash. could have opened a temporary account using a fake aadhaar card?
the thing here is... how would icici decide that the transaction was fraudulent? the transaction was between customer to customer.
no business was involved so it's not like credit card companies that they can reverse the transaction just like that.
 


Smh

Well-Known Member
Messages
1,447
opening bank acc process should be more stringent and bank where fraud acc was opened should be liable
 

Sushubh

Administrator
Messages
426,207
Location
Gurugram
that's the thing. from the looks of it, aadhaar has made it easier to open a fraudulent bank account. earlier banks were responsible for kyc. now they can just blame aadhaar and since aadhaar can't do anything wrong, government would keep on keep on pretending that all is well.
 
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