Senior citizen loses ₹9.96 lakh in KYC scam
A 71-year-old man in Bengaluru lost nearly ₹10 lakh after falling victim to a KYC-related cyber scam. The fraudster tricked him into installing a malicious APK file, which allowed them to access his banking credentials and drain his account.
Why it matters
This incident highlights the growing threat of sophisticated mobile-based financial fraud targeting senior citizens in India.
A 71-year-old man from K.R. Puram has lost ₹9.96 lakh after allegedly falling victim to a fake KYC update scam targeting his nationalised bank account.
According to the complaint filed with the East CEN Crime Police, D. Sivaprakasam said he received a WhatsApp message from an unknown number on August 15 around 5 p.m., while he was at his residence in Jayanthi Nagar, Horamavu. It asked him to complete KYC formalities for his IOB bank account.
The complainant said he opened the message and was prompted to install an “Aadhaar update.apk” application on his mobile phone. Believing it to be a legitimate bank application, he installed it and entered his 16-digit debit card number, CVV and expiry details.
Soon after entering the details, he began receiving bank alerts about money being debited from his account. The police records show that six transactions totalling ₹9.96 lakh were made from the account.
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