Document Fraud Alert:  Being cautious and prudent is the first step in protecting documents from fraud. Never distribute private documents carelessly, online or in hard copy. Never send scanned identification documents over unsecured emails or SMS. Let’s now understand what document fraud is and how this happens. Moreover, let’s understand how we can protect ourselves from falling into this trap. 

What is Document Fraud and Who Does This?

Criminal preparation, alteration, or forging of identity and financial papers for unlawful gain is known as document fraud. They falsify bank passbooks, Aadhaar cards, PAN cards, passports, and even graduation degrees to commit crimes ranging from financial fraud to identity theft. Unauthorized financial transactions, loans taken out in the victims’ names, or even virtual criminal histories connected to their identities are all serious repercussions for the victims. Since online transactions are now commonplace, document fraud has expanded beyond the production of fake paper documents to include the alteration of scanned documents, electronic documents, and digital identification documents to appear real.

How does document fraud happen?

Scammers commit document fraud using both concrete and abstract techniques. Some create fake documents with cutting-edge printing methods and pass them off as authentic. Others alter names, photos, or addresses and steal the original paperwork. Phishing messages, malware, and unreliable websites often trick internet users into sharing scanned copies of their financial and identification documents. Fraudsters then abuse the stolen information to make transactions, borrow money, or open multiple bank accounts.

How does this document fraud affect the general public?

Document fraud causes common financial and psychological problems. Victims often discover that someone has unknowingly withdrawn money from their accounts or even taken loans in their names. This fraud pushes victims into an emotionally and financially tough journey. They run from banks to police stations, and in the worst cases, they chase justice in courtrooms. The financial loss damages their credit history, making it difficult for them to get loans in the future.

Also Read: Life Insurance Claims: Common Problems You Must Know

How to protect money and documents from fraudsters?

Never share your private documents carelessly, whether online or in hard copy. Avoid sending identity documents or personal details through insecure emails or messages. Always verify that the website or email is legitimate before sending anything, and enable two-factor authentication for better safety. Use strong passwords and destroy personal or identity details after use to reduce risk. Stay cautious in routine transactions with banks, employers, or real estate agents.

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