Zerodha's CEO warns of a Rs 11,000 crore surge in Indian financial frauds, mostly stock trading scams.

Nithin Kamath, CEO of Zerodha, warns of a surge in financial frauds in India, totaling Rs 11,000 crores in the last nine months, with stock trading scams topping the list. He advises users to adjust privacy settings on apps like WhatsApp and Telegram to avoid being added to scam groups by strangers. Kamath also anticipates an increase in frauds as criminals start using artificial intelligence. Financial fraud complaints can be reported via helpline 1930 or the National Cybercrime Reporting Portal.

November 29, 2024
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