New Delhi, June 16 -- As digital banking gains popularity in the country, a parallel rise in cyber crimes and financial scams, especially KYC fraud has authorities and banks on high alert. KYC simply means Know Your Customer.

The fraud related to KYC basically involves tricking individuals into revealing critical personal or banking information such as OTPs, CVV details, often under the false pretext of account suspension or deactivation.

Scammers generally impersonate bank officials and use urgent messages to induce panic. A popular tactic includes SMS alerts such as:"Dear customer, your account will be blocked by 5:30 PM. Update your KYC here: [malicious link]."

Now these messages often include suspicious links or force the user to i...