The Indian Cyber Crime Coordination Centre (I4C) on Monday warned of a rise in financial fraud involving deceptive Facebook and Instagram advertisements that use manipulated videos of Prime Minister Narendra Modi, the finance minister and chief ministers to promote fake government welfare schemes.
In an advisory, the National Cybercrime Threat Analytics Unit (NCTAU) said fraudsters lured victims with promises of financial assistance and fake cashback rewards, then extracted money through purported taxes, processing fees and registration charges.
