Netflix: Attempting to renew subscription, man loses 1 lakh in cyber fraud

Netflix: A 74-year-old man lost 1 lakh in a new example of cyber fraud while attempting to renew his Netflix subscription. So far, we’ve heard of scammers sending malware links in messages, but this time, the cyber crooks attempted to dupe an elderly guy by asking him to renew his Netflix subscription. When you receive an email or a communication claiming to be from a trusted source, you should always verify the source.
According to reports, a Mumbai-based guy lost over a lakh after allegedly sharing his bank account information with scammers posing as Netflix. Scammers impersonating Netflix duped the user into revealing his bank account information in order to renew his Netflix subscription. He was notified that his subscription had been suspended due to non-payment of Rs 499.

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Incident in detail

The 74-year-old man, who imports plastic printing, mistook the email he received from the cyber crooks for one from Netflix. He fell for the trap since it was so similar to the emails sent by the OTT platform to its users. After realising he had been robbed, the man filed a FIR at the Juhu police station on November 29.

According to a police officer, “The fraudulent email also provided a link to make a payment of Rs 499. Without thinking twice, the septuagenarian clicked on the link and filled in all his credit card details. A One Time Password (OTP) was generated on his mobile phone for payment of Rs 1.22 lakh.”
The individual shared the OTP on the email without checking the amount for which he was providing the OTP, according to the authorities.

Despite the fact that the email said that he was only expected to pay Rs 499, the OTP was sent for Rs 1 Lakh. The man only discovered he had been deceived when he received a call from the bank instructing him to press 8 if he had not completed the Rs 1.22 lakh payment.

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Takeaway from the incident

The most important message from this situation is that you should never reveal your OTP with anyone, even if Netflix or another firm requests it. To begin with, no legitimate company will require you to send your OTP through email. If you receive such communications, ignore them and contact the companies via their legitimate social media accounts. Scammers frequently go for vulnerable targets, those who are not tech-savvy, but they make the communications so convincing that even the most knowledgeable person can fall for the trap. To protect your hard-earned money, always double-check the sources and never send personal information such as your bank account number or Aadhar through email.

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