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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

Chinese Video-Making App TikTok Faces Security Threats

Available in over 150 markets, used in 75 languages globally, and with over 1 billion users, TikTok is one of the most-downloaded apps

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TikTok
The researchers leveraged this vulnerability in TikTok to retrieve personal information saved on user accounts including private email addresses and birthdates. VOA

 Researchers at Israeli cybersecurity firm Check Point Research on Wednesday exposed multiple vulnerabilities in Chinese short-video making app TikTok, which has over a billion users globally and nearly 300 million in India, saying that personal information such as private and email addresses and sensitive videos of its users are vulnerable to hackers.

The Chinese video making platform is used mainly by teenagers and kids to share, save and keep private (and sometimes very sensitive) videos of themselves and their loved ones.

“Data is pervasive but data breaches are becoming an epidemic, and our latest research shows that the most popular apps are still at risk,” Oded Vanunu, Head of Product Vulnerability Research, Check Point, said in a statement.

The researchers at Check Point Research — the threat intelligence arm of Check Point Software Technologies Ltd — have discovered that an attacker could send a spoofed SMS message to a user containing a malicious link.

When the user clicked on the malicious link, the attacker was able to get a hold of the TikTok account and manipulate its content by deleting videos, uploading unauthorised videos, and making private or “hidden” videos public.

“Social media applications are highly targeted for vulnerabilities as they provide a good source for private data and offer a good attack surface gate.

“Malicious actors are spending large amounts of money and putting in great effort to penetrate into such huge applications. Yet most users are under the assumption that they are protected by the app they are using,” Vanunu added.

The research also found that Tiktok’s subdomain — https://ads.tiktok.com was vulnerable to XSS attacks, which is a type of attack in which malicious scripts are injected into otherwise benign and trusted websites.

The researchers leveraged this vulnerability to retrieve personal information saved on user accounts including private email addresses and birthdates. The Israeli cyber security firm informed TikTok developers of the vulnerabilities exposed in this research and a fix was deployed to ensure its users can safely continue using the TikTok app.

TikTok
Researchers at Israeli cybersecurity firm Check Point Research on Wednesday exposed multiple vulnerabilities in Chinese short-video making app TikTok, which has over a billion users globally and nearly 300 million in India. VOA

“TikTok is committed to protecting user data. Like many organisations, we encourage responsible security researchers to privately disclose zero day vulnerabilities to us.

“Before public disclosure, CheckPoint agreed that all reported issues were patched in the latest version of our app. We hope that this successful resolution will encourage future collaboration with security researchers,” said Luke Deshotels, PhD, TikTok Security Team.

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Available in over 150 markets, used in 75 languages globally, and with over 1 billion users, TikTok is one of the most-downloaded apps. As of October 2019, TikTok is the most-downloaded app in the US, making it the first Chinese app to have achieved such a record. (IANS)