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In today’s time, banking has become very easy but by taking advantage of this technology, criminals are now very cleverly making people their victims. By using Artificial Intelligence (AI), criminals are now very cleverly robbing people and putting our hard-earned money in danger. Indian banks are now very worried about this threat and are constantly warning people. Banks say that with the speed with which technology is changing, new and dangerous methods of fraud are also emerging due to which the money of common people has become unsafe.

Biocatch has conducted a big survey regarding banks in which very scary things have come to light. According to the survey, senior officials of 90 percent of Indian banks have admitted that fraud attempts have increased rapidly in their banks. If we talk about other countries of the world, this figure is 81 percent there, which means the situation is even more serious in India. The most worrying thing is that 84 percent of banking experts say that ‘AI agents’ will be the biggest threat in the future. Apart from this, 93 percent of the officers also believe that because of AI it has become very difficult to catch the thugs.

How are today’s fraudsters working?

Now, apart from the old methods, fraudsters are using ‘voice cloning’. In this technique, fraudsters steal a few seconds of your voice recording and create a voice exactly like yours. Then they call you posing as your family members or bank officials and ask for money. This voice seems so real that the person in front gets easily deceived.

In India, we all use UPI a lot, and now it has become the biggest target of fraudsters. 95 percent of the banking officers surveyed say that fraud is happening so fast that it is a big challenge to stop it immediately. About 66 percent of the officers believe that fraud through UPI remains the biggest problem for them at present.

Banks are facing huge losses

This is not only the loss of customers but banks are also having to pay a heavy price for it. Almost half of the banks have reported that they are losing more than 10 million dollars i.e. about Rs 83 crore every year due to fraud. Banks are trying to improve their security and investigation methods but every time fraudsters find some new way due to which banks are always in trouble.

How to avoid fraud?

In this digital age, do not rely only on the security of the bank, but also be careful yourself. Do not click on any unknown link and never share your OTP with anyone. If someone calls from an unknown number and asks for money, then first find out the truth by calling the real number of the bank. You should decide on a ‘family code’ with your family so that if someone calls using your voice, the family members can catch him immediately. If you ever get cheated like this then immediately call the cyber crime helpline number 1930 or complain on their website www.cybercrime.gov.in.