<ul><li>The government has warned about a new way <keyword id="19962622" type="General" weightage="20" keywordseo="scammers" source="keywords">scammers</keyword> are trying to obtain <keyword id="20189059" type="General" weightage="20" keywordseo="personal-information" source="keywords">personal information</keyword>.</li><li>Users have reportedly received an SMS asking them to update their PAN to unblock their <keyword id="20417750" type="General" weightage="20" keywordseo="bank-account" source="keywords">bank account</keyword>.</li><li>Here's everything you need to know about the <keyword id="22918614" type="General" weightage="100" keywordseo="fake-PAN-SMS" source="keywords">fake PAN SMS</keyword> and how to stay safe.</li></ul>Increased usage of the internet has also resulted in an increase in <keyword id="20025584" type="General" weightage="20" keywordseo="online-fraud" source="keywords">online fraud</keyword>. Scammers are finding new ways to fool people and steal from them. A new method has now been revealed, which preys on users with an account in <keyword id="19985316" type="General" weightage="20" keywordseo="India-Post-Payments-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="India Post Payments Bank" meta.hostid="261" meta.entityid="India Post Payments Bank">India Post Payments Bank</keyword>.<br /><br />According to a post by PIB Fact Check, several users have received an SMS which claims to be from India Post Payments Bank. However, the message is fake and is an attempt to steal user data.<br /><br />“This claim is #Fake. @IndiaPostOffice never sends any such messages. Never share your personal &amp; bank details with anyone,” PIB Fact Check said in its post on X.<br /><br /><div type="twitter" handle="PIBFactCheck" handlename="PIBFactCheck" favoritecount="0" retweetcount="0" id="1825494609881170290"></div><br /><h2>What is the fake PAN SMS?</h2><br />In the SMS, the user is warned that their India Post Payments Bank account has been blocked. It then asks the users to update their PAN to get their account unblocked. The user is then given a link, asking them to click on the link to update their PAN.<br /><br />    <div type="Article" hostid="261" msid="111512587" title="Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike" mstype="2" mssubtype="0"></div><br />The link then redirects the user to a <keyword id="20182216" type="General" weightage="20" keywordseo="phishing" source="keywords">phishing</keyword> page, aimed at stealing user data such as their bank account login details to gain access to their account. Once you enter your bank account login details, they will be sent to the scammer.<br /><br /><h2>What is phishing?</h2>Phishing is a cyber-attack where attackers impersonate legitimate organisations or individuals to trick people into revealing sensitive information like passwords or credit card details. This is usually done through deceptive emails, messages, or fake websites.<br /><br /><h2>How to stay safe from phishing attacks?</h2>Here are some ways you can identify phishing attacks and stay safe:<br /><br /><ul><li>Verify the sender: Check the sender’s email address or phone number carefully. Phishers often use addresses that look similar to legitimate ones but have small differences.</li><li>Look for red flags: Be wary of unexpected messages, especially those requesting sensitive information or containing urgent or threatening language.</li><li>Verify before opening: Only open attachments from trusted sources. Phishing emails often contain malware disguised as legitimate files.</li><li>Add two-factor authentication: Enable two-factor authentication on your accounts. This adds an additional layer of security even if your password is compromised.</li><li>Contact directly: If you receive a request for sensitive information, verify the request by contacting the organisation directly through known and trusted channels.</li><li>Report phishing attempts: Report phishing emails to your email provider or the relevant authorities. This helps in tracking and stopping phishing schemes.</li></ul><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/how-to/how-to-add-music-to-instagram-profile/articleshow/112732934.cms">You can now add music to your Instagram profile – here's how</a><br /><br /><a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms">2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-z9s-pro-vs-moto-edge-50-fusion-which-is-the-best-smartphone-under-25000/slidelist/112703633.cms"><strong>iQOO Z9s Pro vs Moto Edge 50 Fusion – which is the best smartphone under ₹25,000?</strong></a><br />

Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

<ul><li><keyword id="19897633" type="General" weightage="20" keywordseo="Telegram" source="keywords" meta.keywordsubtype="org" meta.entityname="Telegram" meta.hostid="261" meta.entityid="Telegram">Telegram</keyword> has come under the scanner of the Indian government for gambling and extortion.</li><li>The messaging app is being investigated over its alleged misuse in criminal activities.</li><li>Telegram founder <keyword id="21332555" type="General" weightage="20" keywordseo="Pavel-Durov" source="keywords">Pavel Durov</keyword> was recently arrested in Paris by the French authorities.</li></ul>Pavel Durov, the co-founder and the chief executive officer of popular messaging platform Telegram was arrested in Paris earlier this month. The app has now come under the scanner in India.<br /><br />According to a <a href="https://www.moneycontrol.com/technology/telegram-being-investigated-in-india-over-extortion-gambling-concerns-article-12806508.html">report</a> by Moneycontrol, Telegram is being investigated by the government over its alleged misuse in criminal activities such as gambling and extortion. The ongoing investigation could also end up with Telegram being banned in India as per a government official.<br /><br />"The Indian Cybercrime Coordination Centre (I4C) and MeitY have been looking into P2P communications on Telegram," said a government official to Moneycontrol.<br /><br /><div type="Article" hostid="261" msid="112798622" title="Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more" mstype="2" mssubtype="0"></div><br />According to the report, the Ministry of Electronics and Information Technology (MeitY) is investigating criminal activities such as extortion and gambling on the platform.<br /><br /><h2>Why has Telegram come under the scanner now?</h2>While Telegram has been blamed for such activities in the past, the investigation might have gained steam as the UGC-NET exam paper was reportedly being sold on Telegram for ₹5,000 to ₹10,000 after being leaked.<br /><br />Durov, 39, was detained by the French authorities at the Bourget Airport. Durov was wanted under a French arrest warrant due to the lack of moderation on Telegram, which allegedly led to the platform being used for money laundering, drug trafficking and sharing pedophilic content.<br /><br />The arrest was criticised by several people, including Tesla cofounder Elon Musk.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/premier-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112803763.cms">Premier Energies IPO – Price band to risk factors, all you need to know</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/upcoming-ipos-to-look-out-for-this-week-premier-energies-eco-mobility-and-more/articleshow/112798622.cms">Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms"><strong>Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</strong></a><br />

Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?

<ul><li>Three mainboard companies and six SMEs will begin their <keyword id="10012322" type="General" weightage="100" keywordseo="ipos-this-week" source="Orion">IPOs this week</keyword>.</li><li><keyword id="21372622" type="General" weightage="20" keywordseo="Premier-Energies" source="keywords" meta.keywordsubtype="org" meta.entityname="Premier Energies" meta.hostid="261" meta.entityid="Premier Energies">Premier Energies</keyword> is the biggest IPO that is scheduled to begin this week.</li><li>Here’s everything you need to know about the <keyword id="8964554" type="General" weightage="20" keywordseo="upcoming-ipos" source="Orion">upcoming IPOs</keyword> this week.</li></ul>Initial public offerings (IPOs) are gaining steam once again, with three mainboard companies and multiple small and medium enterprises (SMEs) looking to raise funds from the primary market.<br /><br />The three mainboard companies looking to raise funds from the primary market include Premier Energies, <keyword id="22920122" type="General" weightage="20" keywordseo="ECO-Mobility" source="keywords" meta.keywordsubtype="org" meta.entityname="ECO Mobility" meta.hostid="261" meta.entityid="ECO Mobility">ECO Mobility</keyword> and Bazaaar Style Retail. Apart from this, six SMEs will also launch their IPOs this week, with one SME IPO already underway.<br /><br />In this post, we look at the IPOs hitting Dalal Street this week:<br /><br /><h2>Premier Energies</h2>Premier Energies Limited, a Hyderabad-based manufacturer of solar cells and solar panels is the company looking to raise the highest funds this week. The company is looking to raise ₹2,830.4 crore, including a fresh issue of ₹1,291.40 crore and an offer for sale (OFS) component of ₹1,539 crore. The company’s IPO begins on August 27 and ends on August 29.<br /><br /><div type="Article" hostid="261" msid="112747268" title="Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more" mstype="2" mssubtype="0"></div><br /><h2>ECO Mobility</h2>Eco Mobility, a chauffeur-driven car rental service provider is looking to raise ₹601.20 crore from the market, all of which is an offer for sale and there is no fresh issue of shares. The IPO opens for subscription on August 28 and closes on August 30, 2024. The company offers chauffeur-driven cars and employee transportation services, focusing on corporates.<br /><br /><h2>Baazar Style Retail</h2>Baazar Style Retail Limited, a fashion retailer that operates in West Bengal and Odisha is looking to raise ₹834.68 crore from the primary market, which includes a fresh issue of ₹148 crore and an offer for sale component of ₹686.68 crore. The company’s IPO begins on August 30 and ends on September 3.<br /><br /><h2><keyword id="18638411" type="General" weightage="20" keywordseo="sme-ipos-this-week" source="Orion">SME IPOs this week</keyword></h2>A total of six SMEs are looking to raise funds from the primary market this week. The Indian Phosphate IPO is already underway, and three IPOs will begin on August 27, with one IPO to begin on August 28 and August 29 each. SMEs raising funds from the market include Aeron Composite, Vdeal Systems, Archit Nuwood Industries and more.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms">Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/orient-technologies-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112747268.cms">Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms"><strong>2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</strong></a><br />

Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more

<ul><li><keyword id="22929981" type="General" weightage="20" keywordseo="Resourceful-Automobile" source="Orion">Resourceful Automobile</keyword>, a <keyword id="22931365" type="General" weightage="20" keywordseo="Yamaha-dealership" source="keywords">Yamaha dealership</keyword> with two showrooms has received an amazing response for its SME IPO.</li><li>The company’s IPO has been subscribed over 400 times, receiving bids for over ₹4,700 crore.</li><li>Here’s everything you need to know about the <keyword id="22929982" type="General" weightage="20" keywordseo="Resourceful-Automobile-ipo" source="Orion">Resourceful Automobile IPO</keyword>.</li></ul>In a surprising turn of events, Resourceful Automobile, a company looking to raise funds through an SME IPO (small and medium enterprises) has received an amazing response, shocking everyone.<br /><br />The company, which operates two Yamaha bike showrooms in New Delhi was looking to raise ₹11.99 crore through an initial public offering (IPO). It ended up receiving applications worth over ₹4,760 crore as the IPO has been subscribed over 418 times.<br /><br />      <div type="Article" hostid="261" msid="112798622" title="Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more" mstype="2" mssubtype="0"></div><br />The company received bids for 40.76 crore shares against the offered 10.25 lakh shares. The company had set the share price at ₹117 per share with a lot size of 1,200 shares per application.<br /><br />The IPO is set to be listed on the BSE SME platform on August 29.<br /><br /><h2>Just eight employees</h2>Resourceful Automobile has just eight employees, three in legal and finance, two in sales, two in operations and one in human resources.<br /><br />A company that operates just two showrooms receiving such a response has resulted in mixed responses from social media, while some are talking about the expected returns, there have been calls for stricter regulation to protect the interests of retail investors.<br /><br />The company will use the funds raised to open new showrooms, repay debt and meet the working capital requirements.<br /><br /><h2>Analysts had asked to avoid the IPO</h2>Several analysts had recommended users not apply for the IPO as the company operates in a highly competitive segment of two-wheeler dealerships and has been inconsistent in its financial performance.<br /><br />For the year ending February 2024, the company reported a revenue of ₹17.23 crore with a profit of ₹1.52 crore. In March 2023, the company reported a revenue of 19.38 crore and a profit of just 41.5 lakh.<br /><br /><h2>Why did the IPO receive such a response?</h2>While its financials were not strong, one of the reasons for the robust subscription was the high expected return.<br /><br />The company is currently enjoying a grey market premium of ₹85 per share, which is around 73% of its share price.<br /><br /><h2>NSE tightens the norms for SME IPOs</h2>The NSE had already tightened the norms for SME IPOs earlier this month. Starting from September 2024, only companies with positive free cash flow to equity for at least two of the last three financial years will be allowed to list in the SME segment.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/news/telegram-comes-under-the-scanner-in-india-for-extortion-and-gambling-will-it-be-banned-in-india/articleshow/112807370.cms">Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?</a><br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/premier-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112803763.cms">Premier Energies IPO – Price band to risk factors, all you need to know</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms"><strong>Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</strong></a><br />

Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!

Cybercriminals are trying to lure Indian users into revealing important personal information with a new report on Monday warning that suspicious messages asking users to submit an application for the disbursement of income tax refund have been doing the rounds, with a link that directs users to a webpage looking like the income tax e-filing web page.<br /><br />The targeted banks in the campaign include the <keyword id="6354731" type="UNKNOWN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword>, ICICI, HDFC, <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> and <keyword id="62034" type="CITY" weightage="20" keywordseo="Punjab-National-Bank">Punjab National Bank</keyword>, revealed an investigation by New Delhi-based think tank CyberPeace Foundation along with cybersecurity services firmAutobot Infosec.<br /><br />The suspicious links originate from the US and France, said the report, adding that the campaign is collecting personal as well as banking information from the user and getting into this type of trap could cause a massive financial loss for the users.<br /><br />The shared link with the SMS has no domain name and is not linked with the Indian government.<br /><br />All IP addresses associated with the campaign belong to some third party dedicated cloud hosting providers, said the report.<br /><br />The whole campaign uses plain http protocol instead of the secure https. This means anyone on the network or internet can intercept the traffic and get the confidential information in plain text to misuse against the victim.<br /><br />It asks users to download an application from a third party source instead of Google Playstore.<br /><br />The application asks to provide administrator rights and unnecessary access permissions of the device.<br /><br />On opening the link http://204.44.124[.]160/ITR, users are redirected to a landing page that is mostly similar to the government income tax e-filing website.<br /><br />On clicking the green 'Proceed to the verification steps' button, users are asked to submit personal information such as full name, PAN, Aadhar number, address, pincode, date of birth, mobile number, email address, gender, marital status and banking information like account number, IFSC code, card number, expiry date, CVV/CVC and card PIN.<br /><br />Additionally, the bank name is automatically detected from the IFSC code entered in the form.<br /><br />After submission of data, users are redirected to a page where they are asked to confirm the entered data.<br /><br />Clicking on the green 'confirm' button directs users to a fake banking login page almost similar to the official one.<br /><br />It asks for the username and password for online banking.<br /><br />After these details are entered, for the next step, users are asked to enter a Hint question, Answer, Profile password and CIF number.<br /><br />Once submitted, a mobile verification section with instructions provided to download an android application (.apk file) appears, to complete the ITR verification.<br /><br />Here, users are deliberately instructed to grant all device permissions to the particular application, the investigation revealed.<br /><br />The application, called Certificate.apk, starts downloading upon clicking the green 'Download' link.<br /><br />The overall layout and functionalities of the web page used in the campaign are similar to the official e-filing site to lure laymen, said the report.<br /><strong><br />SEE ALSO:<br /><a href="https://www.businessinsider.in/finance/banks/news/bank-employees-in-india-on-strike-today-and-tomorrow-but-mobile-and-net-banking-services-are-working/articleshow/81505273.cms">Bank employees on strike today and tomorrow — ATMs, net and mobile banking likely to be the only relief</a><br /><br /><a href="https://www.businessinsider.in/tech/news/indias-personal-data-protection-law-versus-europes-gdpr/articleshow/81504058.cms">Being GDPR compliant doesn't necessarily make companies ready for India's upcoming data protection laws</a><br /><br /></strong><a href="https://www.businessinsider.in/business/startups/news/stripe-the-most-valued-startup-in-the-us-to-offer-payment-services-to-indias-merchants-after-its-latest-fundraise/articleshow/81504106.cms"><strong>Stripe, the most valued startup in the US, to offer payment services to India’s merchants after its latest fundraise</strong></a><br />

You Searched For "fake PAN SMS" and got 5 results

Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

Sourabh Jain

Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?

Sourabh Jain

Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more

Sourabh Jain

Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!

Sourabh Jain

SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam

IANS