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OLX and Quikr Users Get Cheated By Fraudsters

How fraudsters attempt to cheat OLX, Quikr users

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OLX
People often tend to forget that if someone sends them money, they do not get OTP. Pixabay

If you are planning to sell your old refrigerator or air conditioner on OLX or Quikr, first make sure that you understand all the nitty-gritties of digital transactions as fraudsters often target users of these platforms to cheat them of money.

If you lack some basic understanding of how the Unified Payments Interface (UPI)-based transactions work on apps, you may actually end up losing money while attempting to sell stuff on OLX or Quikr.

As soon as you post your ad on these platforms, you may get calls from fraudsters posing as customers. They often appear ready to pay the price that you quote for the item. Sometimes they may even be willing to pay much more than what you originally quoted. Once the deal is fixed, the caller could say that he/she would send the money through PhonePe, Google Pe or other UPI apps.

Where people tend to get tricked is instead of sending the seller money, the fraudsters “Request Money”. If someone does not read the SMS properly, they may fall prey to the tricks of the fraudsters, share the OTP and transfer their own money to them. People often tend to forget that if someone sends them money, they do not get OTP.

“In the last six months, we have identified hundreds of cellphone numbers, which we suspect are of fraudsters and have blocked them. Of the total listings OLX receives each day, nearly 25% of ads are rejected and over 100,000 suspicious accounts are banned every month,” said Lavanya Chandan, General Counsel, OLX India.

To promote cybersafety in India, OLX has also partnered with Cyber Peace Foundation, a civil society organization and think tank of cyber security.

Under this partnership, Cyber Peace Foundation will conduct workshops with users on how to stay safe on the Internet, including on C2C platforms so that they can get the most from their Internet experience. In the first phase of the initiative, OLX and Cyber Peace have rolled out workshops across the states of Karnataka and Haryana.

OLX app.
In the first phase of the initiative, OLX and Cyber Peace have rolled out workshops across the states of Karnataka and Haryana. Pixabay

“With our partnership with Cyber Peace Foundation, we aim to intensify our efforts in promoting the safe use of the Internet. This partnership augments and aids our initiatives in this area, focused on creating a better Internet for everyone,” Chandan said.

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“Our interventions are holistic and include introducing newer safety features on our app/platform, working with law enforcement, a 24X7 helpline for customer safety issues, increased technology-based fraud detection and prevention.

“With Cyber Peace Foundation we are now also going directly to users to help equip them with the knowledge and confidence to use the Internet and digital platforms to their advantage,” Chandan said. (IANS)

Next Story

The Ways Girls And Boys Get Into Hacking is Quite Different

While kids with low self-control, are more likely to hack, the ways girls and boys get into hacking could be quite different

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hacking, girls, boys, cyber crime, cyber security
For boys, we found that time spent watching TV or playing computer games were associated with hacking. Pixabay

While kids with low self-control, or not having the ability to hold back when opportunity presents itself, are more likely to hack, the ways girls and boys get into hacking could be quite different, says a new study.

“For girls, peer associations mattered more. If she has friends who shoplift or engage in petty forms of crime, she’s more likely to be influenced to hack as well,” said lead study author and cybercrime expert Thomas Holt from Michigan State University in the US.

“For boys, we found that time spent watching TV or playing computer games were associated with hacking,” Holt said.

Holt assessed responses from 50,000 teenagers from around the world to determine predictors of hacking.

He said that some of the findings show how kids are raised within gender roles, such as letting boys play video games and giving girls different activities.

For boys and girls, simply having opportunities to hack were significant in starting such behaviour.

This could include having their own bedroom, their own computer or the freedom of doing what they want on the internet without parental supervision.

hacking, girls, boys, cyber crime, cyber security
For boys and girls, simply having opportunities to hack were significant in starting such behaviour.
Pixabay

While most schools have computer and Internet access, Holt explained that there are still some geographic barriers for kids to enter cybercrime.

The researchers found that kids who had mobile phone access early on were more likely to hack — especially if they lived in larger cities.

Spending time with peers was more likely to influence delinquent behaviour for those living in smaller cities, said the study published in the journal Crime & Delinquency.

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The researchers also found a connection between pirating movies and music and hacking.

It’s important for parents to understand their kids’ tech-savviness and habits to help guide them on a path that uses their skills in a more positive way.

“Parents shouldn’t assume that having a kid with sophisticated technological competency is always totally fine,” Holt said. (IANS)