If an online offer seems too good to be true and needs managing money, it is a possible mule recruitment scam.
RBI and NPCI warn users
The National Payments Corporation of India (NPCI) and RBI regulations advise not using Indian payment systems for banned or blacklisted website categories such as porn sites, gambling, Chinese laundering/loan apps, Forex trading sites, or other shadowy websites.
To escape this restriction, scammers use Mule accounts to receive money through Indian payment ways like bank accounts, credit cards, UPI, debit cards, and VPA.
What is a Mule account?
A Mule account is a famous term in cybercrime that looks for any account used for moving money illegally received through illegal activities. These accounts mostly belong to those who, intentionally or unintentionally, have been tricked into playing the illegal money laundering act.
Not aware of being part of a bigger scam, these individuals or “money Mules” are tricked into letting unknown scammers use their accounts to hide the source of laundered money. Scammers make these paym
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.