Business

IIE DIGITAL DESK: The Centre has issued a stern warning to customers following a recent surge in fraud cases targeting State Bank of India (SBI) account holders. This alert comes as authorities have observed an increase in sophisticated scams, including phishing attacks and fraudulent transactions, aimed at deceiving SBI customers.

In response, the Centre is urging all SBI account holders to remain vigilant and adopt rigorous security measures. Customers are advised to be cautious of unsolicited communications requesting personal or financial information, and to verify the authenticity of any suspicious messages or calls before disclosing sensitive details.

SBI has been instructed to enhance its fraud detection systems and provide clear guidance on safeguarding accounts. The bank is also expected to ramp up public awareness campaigns to educate customers on recognizing and avoiding common fraud tactics.

This alert underscores the importance of proactive measures in protecting personal financial information and highlights the need for continued vigilance in the face of evolving cyber threats. Customers are encouraged to report any suspicious activity immediately to their bank and follow recommended security practices to safeguard their accounts.The government has alerted State Bank of India (SBI) customers about a new scam message circulating on social media. This fraudulent message, purportedly from SBI, instructs recipients to download an APK file to redeem reward points, according to the Fact Check Unit of the Press Information Bureau (PIB).