Banking Fraud
01 May 2026
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KYC Update Fraud
Victims receive SMS or calls claiming their bank account or wallet will be blocked unless they update their KYC immediately. They are directed to click a link or download an app that gives scammers remote access to their phone.
How to Protect Yourself
- Banks never send KYC update links via SMS
- Never download apps from unknown links
- Visit your bank branch for KYC updates
- Never share screen or give remote access