Online fraud rises as 17 percent keep financial passwords in mobile phone cracked in 1 minute with AI say survey

Financial fraud through cyber fraud is in full swing these days. Cases of online fraud are coming to the fore every day. In this regard, the local circle has made a shocking disclosure. The survey company has released a survey which states that 17% of people keep their financial passwords saved in their mobile phones. These passwords are stored as mobile contacts or notes, thereby increasing the risk of financial fraud manifold.

survey company Local Circles Has released a survey related to financial fraud and said that 17% people keep their passwords saved in mobile phones. Of these, 8% say they save information in mobile phones by making notes, while 9% keep sensitive passwords saved in the phone’s contact list. It has also been said in the survey that 30% of people share their sensitive financial passwords with their family members or staff etc.

Here 88% people have said that they have shared their Aadhaar card for various purposes like applications, ID proof or bookings etc. Report says that this database is easily accessible and artificial intelligence Through (AI) 50% of these passwords can be easily cracked within 1 minute. In such a situation, if a person’s phone is stolen, then this type of fraud can easily be carried out with him. Overall, it can be said that the risk of financial fraud has increased a lot for Indians.

Recently, the Reserve Bank of India has also presented its April-September 2022 report. There were 5406 incidents of financial fraud reported in this report during the period. Whereas, during the same period last year, the number of such incidents was 4069. RBI says that Internet-based transactions are being used the most in the frauds happening now. It has also been said here that this number of incidents could be much higher, because some people do not give information about these incidents, or even the police do not give information about these incidents, because they do not take them seriously. Let’s take

This survey of Local Circles is based on the responses given by 32 thousand people. Which were included from 337 districts of India. Of these, 35% were females while 65% were males. 43% of the respondents were from tier 1 districts, while 36% were from tier 2 districts. 27% people participated in this survey from Tier 3 and 4 districts.<!–

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