Hardik Bavishi’s Post

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Co-Founder @ Saleschat.pro | Building SaaS for India

In 2023, India faced a staggering 79 million phishing attacks 🎣 , as reported by Zscaler. To combat this threat, Taboo 🙅♀️ and ICICI Bank embarked on an impressive campaign to educate users about identifying and avoiding phishing scams. Their ads covered various scenarios, from Fake App Frauds to SMShing and UPI Pin Fraud, emphasizing the importance of not divulging personal information to fraudsters. However, genuine agents of banks and NBFCs 🏦 pose another risk. In the same year, personal loans totaling ₹64,778.27 crores were disbursed, surpassing other loan categories. Many of these loans are sourced through Direct Selling Agents (DSAs) who often use personal email and WhatsApp to collect customer documents like PAN cards and Aadhar details. Unfortunately, if these documents remain on personal devices, they are vulnerable to misuse for fraudulent activities via a sophisticated social engineering attack. While the BFSI industry strives to protect consumers, this risk can be mitigated by equipping agents with enterprise-grade WhatsApp solutions. By adopting secure communication channels, such as enterprise-grade WhatsApp, agents can safeguard sensitive customer data and protect against potential scams and illegal activities.

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