Latest news with #NafisaAli
Mint
22-07-2025
- Mint
₹1 crore gone in credit card fraud run by bank insiders—don't be the next target
A sophisticated credit card scam has rocked Kolkata and this time, the fraud didn't come from some shadowy cybercriminal overseas. It came from inside the bank. Police have busted a racket led by Nafisa Ali, a former bank employee, who, along with a few accomplices, is suspected of siphoning off nearly ₹ 1 crore from unsuspecting customers, reported TOI. Their strategy? Brutally simple and disturbingly effective. The group has been making phone calls to bank clients while posing as legitimate representatives for the last six months. They sounded completely credible because they had real client information, and the insider knowledge of bank processes to sound very genuine. Victims were convinced to provide credit card information. That was all it took, and sometimes within minutes, the gang used this information to hit the credit limit, and make illegitimate transactions. After the fraud was detected, the bank started looking through call logs and transaction patterns, which eventually helped connect them to the person who committed the fraud. As it turns out, this was not some random phishing scam. This was a well planned effort by someone who knew the system. So what does this mean for the rest of us? 1. No real bank asks for OTP, CVV, or PIN over the phone: If someone does, even if they sound polite and convincing—hang up. Then call your bank using the official number on your credit card or their website. 2. Fraudsters rely on urgency: Common red flags might include 'Your card will be blocked' or somewhere else, "Congrats, you've won some cashback, just confirm your OTP". Banks don't pressure or intimidate you into giving them information. 3. Check your SMS and email alerts religiously: Do you have a transaction alert that you don't recognize? Don't ignore it and report it immediately. An insignificant, unrecognizable alert could be the start of something significant. 4. Use credit cards with low limits for online purchases: Many banks allow you to create a new virtual or secondary card with a set limit, and in doing so, any unauthorized access would have limited upset. 5. Keep your mobile device locked and secure: Do not store card information on public computers, use antivirus software, and avoid potentially shady apps. A lot of scams start with hacked phones. 6. Report scams fast—speed matters: After you contact the bank's fraud helpline, report the scam through the Cybercrime portal. The longer you wait increases your chances of losing money. This scam hit people who never imagined they'd fall for one because it didn't look like a scam. It looked like their bank calling. Trust is what made the fraud work. And awareness is what will stop the next one. Stay alert. Stay sceptical. And remember when it comes to money, caution isn't paranoia. It's protection. For all personal finance updates, visit here. Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Time of India
21-07-2025
- Time of India
Cops lens on bank ex-employee, gang for 1 cr credit card fraud
Kolkata: Cops have lodged a case against a former bank employee, Nafisa Ali , who worked as a personal service assistant at the company for allegedly orchestrating a credit card fraud scheme that resulted in an unauthorized transaction of Rs 4.7 lakh, officials said on Monday. The total amount defrauded by her and her gang is estimated to reach around a crore, claimed investigators. The Park Street Police Station registered a case against Ali and her accomplices, under multiple sections of the BNS Act, following complaints filed by senior bank officials. According to police, Ali, allegedly collaborated with others to target the bank's credit card customers through a phone scam. Ali and her gang contacted numerous cardholders, posing as bank representatives, and fraudulently obtained sensitive credit card information. The fraud came to light when several cardholders reported suspicious transactions to the bank. An internal investigation revealed a pattern of unauthorized transactions linked to customers who recently received calls claiming to be from the bank's service department. Police are working to recover the misappropriated funds. The bank has assured affected customers that their losses will be covered under its fraud protection policy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My 4-year-old kidneys are failing, only you can help Donate For Health Donate Now Undo You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Deputy Commissioner of Police (South Division) Akash Magharia said that preliminary investigations suggest the scam was operating for at least six months. "We obtained CCTV footage and electronic evidence that indicates a wider network of fraudsters working in conjunction with the accused," he stated. The bank has since strengthened its security protocols and implemented additional verification measures for customer service calls. The police have formed a special team to track down Ali's associates and issued alerts to other banks about similar fraud patterns.
