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India’s first Online Fraud Protection app

Be truly safe with our AI-powered security against online frauds

India’s first Online Fraud Protection app

Be truly safe with our AI-powered security against online frauds

How prevalent are online frauds?

6 minutes

Every 6 minutes a cyber crime is reported in India.

*RBI data Dec 2019

18,000 Websites

Phishing sites launched every day.

*Q2/Q3 2020 Bolster Phishing and Online Fraud Report

98,000 Apps

No. of malicious apps detected on Google Play Store that have infected 43 million android devices.

*2019 Upstream Mobile Ad Fraud

100 Million

No. of phishing emails that Google blocks everyday.

*Google

Protect yourself in 5 easy steps

Download & Sign Up

1

Download FinLock from Google Play Store and sign up in a few minutes.

Detect & Alert

2

We are constantly looking out for you 24/7 to send you the alerts through mobile app notifications and email.

Monitor Transactions

3

We offer a summarized view of your finances and enable you to quickly identify any suspicious transactions.

Report Fraud

4

We provide easy-to-follow workflows so you can report any fraud to your bank and cyber cell in a timely manner.

Easy Recovery

5

We provide dedicated support and stolen funds reimbursement of up to ₹5 lakh1 in the event of an online fraud.

1

Download & Sign Up

Download FinLock from Google Play Store and sign up in a few minutes.

2

Detect & Alert

We are constantly looking out for you 24/7 to send you the alerts through mobile app notifications and email.

3

Monitor Transactions

We offer a summarized view of your finances and enable you to quickly identify any suspicious transactions.

4

Report Fraud

We provide easy-to-follow workflows so you can report any fraud to your bank and cyber cell in a timely manner.

5

Easy Recovery

We provide dedicated support and stolen funds reimbursement of up to ₹5 lakh1 in the event of an online fraud.

1 Stolen Funds Reimbursement with a limit of up to ₹5 lakh is available for Premium members only. Refer Terms & Conditions

Best-In-Class Cyber Security in a Single App

Risk
Score

Real-Time
Alerts

Transaction
Summary

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Reporting

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Choose a plan that works for you

Free

0

 
  • SIM Swap Alert
  • Privacy Scan (Apps)
  • Transaction Monitoring
  • UPI Fraud Alert
  • Risk Score
  • Includes 30-day trial of Premium*
Recommended

Premium

8316/mo

₹ 999 billed total
  • SIM Swap Alert
  • Privacy Scan (Apps)
  • Transaction Monitoring
  • UPI Fraud Alert
  • Risk Score
  • Cyber Insurance cover up to
    ₹5 Lakh**
  • SMS Fraud Detection (AI-powered)
  • Phishing Protection
  • 24/7 Customer Support

Free

0

  • SIM Swap Alert
  • Privacy Scan (Apps)
  • Transaction Monitoring
  • UPI Fraud Alert
  • Risk Score
  • Includes 30-day trial of Premium*
Recommended

Premium

99/mo

  • SIM Swap Alert
  • Privacy Scan (Apps)
  • Transaction Monitoring
  • UPI Fraud Alert
  • Risk Score
  • Cyber Insurance cover up to
    ₹1 Lakh**
  • SMS Fraud Detection (AI-powered)
  • Phishing Protection
  • 24/7 Customer Support

Our Blogs

Stay up-to-date on current cyberthreats and get expert security

How to Identify Job Fraud SMS Sent by Fake Employers
May 5, 2022

One of the most expansive scammer markets has always been the job fraud SMS that once began with the traditional approach of physical make-shift and transformed into the cutting-edge digital landscape. Scammers find the feature of job fraud SMS very luring and useful that can enable them to chat with the target the instant they click on the link.

It is no denying that the vast population of youth in India do not always achieve the employment opportunities they seek. With resources limited and job vacancies running the challenge of high competition, stress accelerates the people to get driven towards messages claiming to offer high-paying jobs instantly. The scammers prey on these vulnerable groups by sending part-time or full-time jobs, tempting them into clicking on the suspicious link.

This fraudulent practice expanded its roots even more after the Covid-19 pandemic, when people lost their jobs and were looking for employment, side hustles to keep their expenses up and running. What happened more during this phase was scammers tuning into the desperate job seekers and sending fake jobs, interviews, recruitment SMS and charging money in exchange.

However, understanding how to differentiate legitimate work opportunities and fake ones, while searching for both full-time and part-time employment is a tricky road. Often, in times of stress, we tend to overlook the obvious signs that can refrain us from getting victimized by such scammers.

 

List of common job fraud scams that one must be aware of

  • Gaining Access to Personal Financial Information

Scammers use the instant messaging service to send fake job interview links to job interviewers and job seekers. With a set-up that will land you in a fraudulent job offer, the illegitimate company would ask for your banking information and ID proof. The moment you send in these details, the scammers would be nowhere to be located, while you compromise your personal information.

  • Lacking Verifiable Information

While, with those job SMS you would feel you finally landed your dream job, but as you inspect further, you realize that there is absolutely no data available about the company. To your dismay, you cannot even verify their website address, employee or phone number. It now hits you that you have been scammed. We live in an age of digital disruption, where every legitimate company whether big or small has an online presence, testimonials, decent following and social media engagement. So, not having any of these is a clear indication of fraud in the process.

  • Phishing

The most common and the most popular that have encroached on your phone calls, SMS, emails, texts. You name a platform, and phishing scams will find their presence, defrauding people. Moreover, when it comes to job fraud SMS, phishing scams already have a vulnerable lot to target. Phishing job fraud SMS appear to have come from a trusted source or a well-known business. This is why when you receive a job SMS, it is vital to connect directly to the company, look for their online presence, and employee feedback, rather than trusting the SMS and beginning text communication.

  • Data Entry Scams

The one job that has made headlines for scamming job seekers is the data entry job fraud SMS that comes with the promise of a handsome earning, with almost negligible skills. Well, the scam is in its details itself!

Moreover, the tempting SMS masquerade a small training fee that needs to be paid upfront, which will commence your employment journey. However, the data entry jobs rarely pay the amounts as advertised, and most are just scams waiting for vulnerable people to take the bait and become a victim, never to the very existence of the company and its fake employees. 

  • Pyramid Marketing

Pyramid marketing is not only illegal but holds no real basis in commerce. While there is no physical product involved in a pyramid scheme, its marketing incorporates the exchange of capital. People get job fraud SMS on pyramid schemes, which ask them to invest in the scheme and get benefits from investments made by those people who follow them into the marketing program. However, in the equation of pyramid marketing, if someone has to make money, some other person has to lose funds.

  • Wire Transfers

More often than not, people receive job fraud SMS in the form of offer letter confirmation, or promising a confirmed job overseas, but with a catch. The SMS usually asks the target to send small funds to an account through a wire transfer. These people who send SMS, claim to be either an employment agency or the company’s executive.

While sometimes the claim for a money transfer might seem legitimate, no genuine company would ask wire transfer to confirm a job vacancy. Wire transfer would move the money so quickly from one account to another, that it becomes difficult to reverse and the victim loses the money forever.

 

Once the target receives these messages from random numbers that carry a suspicious link or a promise of a job offer, the temptation to refrain from it is the true test of your security. These scammers who leverage people’s interest in full-time and work from home opportunities are usually meant to steal your credentials and data to access business networks.

So, how do you save yourself from the inevitable job SMS fraud? If you ever receive such text messages, below are a few tips.

 

Tips that can stop you from getting scammed

Ignorance is bliss

Take it literally! If verifying the source of the job SMS is not possible, then simply ignore the message, no matter how tempting it sounds. Take a step forward and block the number from which you receive such SMS.

Sender is a mobile number

Usually, companies that need to send bulk SMS are required to do a proper Distributed Ledger Technology (DLT) registration with the telecom provider. Companies create a unique sender code for the SMS that identifies the company. If the SMS you received doesn’t have any sender code (usually alphabetic) and is sent from a mobile number, it is most certainly a fraud SMS.

Identify bad grammar or sentences

Some of the job fraud SMS use improper grammar or have spelling mistakes that can be identified easily. Any legitimate company never fails to cross-check the messages they send, and grammar is one such aspect that cannot go wrong with them. Therefore, look for these red flags that can eventually save you from getting scammed.

Finally, report the incident and block the suspicious number. Always remember that it is advisable to keep your safety on priority even in the most tempting of situations and never click on suspicious links, no matter the curiosity.

Installing a fraud SMS detection solution

You can also use a mobile app that can detect fraud SMS received on your phone.

To assist in a safe and secured digital journey, Finlock offers an AI-powered online fraud protection solution. Finlock detects and alerts you 24/7, of any suspicious fraud SMS. This best-in-class app not only provides real-time fraud alerts but also provides stolen funds reimbursement of up to ₹5 lakh in the event of online fraud.

 

In a Nutshell!

The job ad postings that are almost too good to be true are often the ones that will swindle your time and money with fake promises. With their sense of urgency and monetary exchange, even if small, you would be driven to a fraudulent agency or individual’s trap, never to see the joining letter in your email account. However, what can save you all this trouble is a sense of vigilance and assistance from online fraud protection sources.

Sharing Your Data for Offers? Be Careful
Apr 27, 2022

How serious are you about your privacy? Theoretically, a lot! Practically in the digital world? This question seems to be running the rounds of scepticism and ambivalence. 

According to a report by Merkle, the leading technology-enabled, data-driven customer experience management company, 86% of customers are more likely to trade their personal data to enjoy personalized offers, that are based on their interests and browsing or purchase history.

Merkle’s Q1-2022 Customer engagement report (CER) historically reported the marketing leader’s perception, only this time it focussed on customers. It lay bare the sentiments of consumers around data collection and privacy concerns while exploring their viewpoint on updates and regulations. 

The customer experience management company surveyed 2000 consumers to get insights into the amount and bandwidth of data the consumers are willing to share at the expense of their privacy. What they found was a staggering figure on the customer’s true insistence and inclination on the evolving data privacy policies and how they perceive it. With 86% of people ready to trade their personal data, the survey, clearly one-sided revealed the willingness of consumers' sentiments to align with contextual and connected experiences, benefiting big business giants. 

Adding to the dramatic survey results, the global CEO at Merkle, Michael Komansinski said that their studies reflect on the increasing customer awareness about what personal information they are trading with brands in exchange for personalized information. Customers today have a heightened sense of awareness and brands need to amp their strategies on customer experience so they add more value to the customer journey in exchange for their personal data.

 

Have consumer privacy concerns changed over the last decade?

Data security and personal data privacy consistently drive the uncertainty ride of consumer behaviour on different brand web pages. This argumentative concern is still ripe with a multitude of popular and revered businesses, inclining towards consenting consumer information in exchange for personalized data. 

However, statistics of the likes of IdentifyForce which highlighted in their report that the credentials of 500,000 Zoom teleconferencing accounts were found on sale on the dark web on 14th April 2020, cripple the customer’s trust in jerk a setback on the reliability of consumer data handing by businesses.

This privacy encroachment by brands and the absolute complacent behaviour of consumers tends to take a steep uphill with the advancement in technology. As more and more products become the common and higher state of privacy reality uncovers, consumers’ concerns and expectations over their data privacy rises further. This concern can also be contributed to the emerging cybersecurity risks that occupy headlines such as Amazon scam emails, cryptocurrency scams, etc. Everyday news of sophisticated hackers penetrating the most cutting-edge systems take headlines and raises the question of how safe is a consumer's personal data with the brand. 

Despite the questioning and raising eyebrows on security concerns, the consumer would somehow agree to the terms and conditions that underlines the trade of data for an enhanced consumer experience. However, what goes in the web-hole of a brand’s compliance to consumer data safety is neither addressed by the brand nor raised by the consumer.

In fact, for most people, the level of concern for privacy while browsing might decrease instead of only going upwards, hence offering brands an opportunity to build consumer trust.

However, there is a thin line between collecting in the name of personalized experience and claiming to maintain its security, where actual security measures sometimes take a backseat.

 

What can companies do to reassure consumers?

People talking in their friend circle, at office parties, at table discussions or at family get-togethers, will highlight how important data security is to them, lecturing others to maintain their distance from brands that are infamous for stealing personal data, and that goes to the high-profile social media giants too. However, the same majority of people, if not all will consistently rave on the same infamous social media giants, willing to provide their personal information without must questioning. 

This might happen due to less awareness, understandable of how big brands keep the consumers busy by personalizing their experience, while they collect massive amounts of data. Most populations even side-line themselves into knowing what goes in, after the data is collected, choosing to keep themselves in oblivion.

While the brands take entire personal data from forms, browsing history, chats, phone calls to customer care, navigation information etc, it also becomes their responsibility to maintain secrecy with the data to reassure customers. Here is how they can do it: 

  • Must remain transparent about how the brands intend to use the consumer data.
  • They must allow consumers to have a choice and easily opt out of data sharing.
  • They should provide a brief and easily understandable privacy policy and agreement for customers to access.
  • They can make it simple and easy for customers to choose what they wish to share or do not share.
  • Brands must offer value-adding benefits to those customers who are willing to share their data.
  • They should customize the company’s data-gathering strategy into different age-group segments.

 

Bottom Line!

While the statistics are inclined towards the drift of younger generations at the vulnerability of sharing personal data and not worrying too much about data privacy, the mature consumer base still maintains some distance and awareness on how the data would be used or in some cases misused. 

In both cases, data privacy must not become less of a security concern for organizations, and should not be touted as an evolving market for the younger generation, easy to be swayed. On the contrary, brands need to address the concern more than ever with more stringent rules and policies that cannot be circumvented, especially for critical operations such as financial data, transactions etc. This will cement a robust relationship between brand and customer and lead to a harmonious journey.

One of the best ways brands can build consumer trust is by devising a proactive data security measure where customer engagement is transparent and resonates with the consumer’s expectations.

Cyber Security Tips for Frequent Travellers
Apr 24, 2022

Hackers are criminal opportunists and travellers are their soft targets carrying security vulnerabilities on their backs.

You take on your travel journey to find solace, get away from the hustles or finalize your business meeting. What if amidst all the fun and adventure, you realize your mobile, email id or social media account has been hacked. You wouldn’t want to be stressed with a compromise on your confidential data, in some cases undergoing monetary loss and for some a reputation loss as well.

If you travel frequently to different parts of the world, then the data protection is an essential element whose importance supersedes everything else. While being away from home and your trusted network, you get access to unfamiliar WiFi in your hotel, in restaurants or in resorts. These free spots available at different places you head are the primary source of security threats for your devices and being extra careful is what your primacy must be.

This draws the vitality of considering data security measures before you take off on your next vacation, and we have curated come tips that can come in handy to add a safety shield to your cybersecurity:

  1. A strong password is the first layer of a security blanket

Your smartphone is only as smart for security as its password, so make sure to give it one that cannot be easily cracked. Moreover, if your device with a weak or no password gets stolen, you would be at risk of a cybersecurity breach, compromising your account details, and personal & sensitive information.

Therefore, a strong password with a combination of numeric, phrases and upper case-lower case letters. It will ensure that the phone or other device is difficult to break into, thus saving your personal details and saving you from monetary loss.

  1. Keep your vigilance high when using public WiFi hotspots

Often on your holidays, you read the sign at hotel reception ‘Free WiFi’. The mere mention of free WiFi raises your spirits and you start updating your social media account with holiday pictures. But, do you ever wonder if this free WiFi comes with a catch? Well, of course, it does! The moment you connect your device to a public WiFi hotspot, your device sends data over an unsecured network. This way you are compromising the security of your device and yourself while using public WiFi at the hands of hackers.  

So, what do you do to avoid this issue?

Simple, be careful while connecting your device over an unsecured network and avoid it as much as possible.

  1. Turn on the two-factor authentication

Two-factor authentication grants you or anyone access to your device only after you present a second piece of evidence. While the first factor is the password, the second piece of authentication is the code sent to your mobile or email to confirm your identity.

This security shield creates an extra protection layer in case hackers try to gain access to your account.

  1. Keep WiFi auto-connect OFF for both your mobile device and laptop

If your device was once connected to a WiFi network, it will re-connect to the network whenever it is in the vicinity. This can be a potential threat to your confidential information. However, if you disable the feature of public WiFi connection, giving you the upper hand in controlling the network your device connects with.

  1. Invest in a VPN

VPN or virtual private network makes your online actions untraceable by encrypting the conversation or actions. With VPN, your connection becomes secure since hackers would not be able to see your IP address, which otherwise is openly visible to hackers on public WiFi.   

  1. A reliable anti-virus and security solution is your best friend anywhere you go

Antivirus is the robust defender against malicious viruses that intend to damage your laptops and compromise your information. It is the basic and essential element that every device must-have.

And for your mobile devices you should have a cyber security app like Finlock that will work in the background to protect you from fraudulent attempts by scammers so that you can enjoy your travel.

This is especially pertinent if you travel a lot because then you would sometimes be bound to connect to an unfamiliar or unsecured connection. Having an anti-virus would act as a line of defence against malware and malicious hackers. 

  1. Say no to public charging stations

Many hotels offer public charging points for your computer or other communication devices. While this might sound convenient at first, it must only be used in case of emergencies. Moreover, upon using them, make sure to change your account and device password to ensure your mobile, laptop or tablet is not affected by malware. 

  1. Back up is a wise decision always

While you deploy technological solutions to shield your personal information from hackers, there might be occasions when you lose your data. And when you lose your device, its cost would be nothing in comparison to the data, personal account details, documents, plane tickets, hotel reservations and other critical login details that your device contains.  

This is why backing up the data in a storage system before you head for travelling is a must to ensure you have access to the crucial information and can travel without hassle. 

  1. Keep your operating system updated

Another crucial element for travellers is keeping their operating system up to date to eliminate the attempts from hackers to penetrate your device and get compromised. When your device has an updated OS, it ensures protection by identifying and solving the vulnerable spots. 

  1. Come back to basics- Do No share your personal information

While adopting numerous technological solutions amalgamated vigilance is helpful, simply not sharing your personal information constantly on social media is the traditional yet effective technique. 

  1. Never leave your devices unattended

When travelling, make sure all your devices are well attended to and physically protected to prevent a stranger from using them for unauthorized or malicious purposes. You can try using a biometric password to eliminate access to the device by an unknown person.

  1. Invest in personal cyber insurance

The speed through which we have adapted digital technology in our personal and professional life is too fast to track. While this shift is ascending, cyber risk is forming a deep connection with the technology. Therefore investing in personal cyber insurance can protect you from being liable for the damages that stem from theft. This is especially essential when you travel considering the possibility of data theft rises exponentially.

 

Finlock offers personal cyber insurance coverage of up to ₹5 lakh that will ensure hassle-free recovery of money stolen in the event of online fraud.

The mentioned tips are prime to protecting your security while travelling, but these can also be applied to your devices when at home. Cyberthreats exist everywhere and no place is secure from these risks. So, make sure you adopt as many tips as possible and above all stay vigilant against malicious people.

While you enjoy your holiday, it is vital that you keep cyber security at an even higher level to keep away the stress it can potentially induce.

* Premium trial does not include cyber insurance cover.

** Benefits under cyber insurance policy are issued and covered by our insurance partner. Policy terms, conditions and exclusions at: Terms & Conditions.

No one can prevent all online frauds or monitor all transactions effectively.