This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story
 

08/24/2026

Bank SMS fraud alert! 3 tips to spot scam messages — How to identify fake texts before they can trick you

Live Mint

An SEBI Registered Investment Adviser shared a video recently to alert bank customers against fraudulent messages. Describing how the scam operates, he warned users and illustrated how one can spot fake texts from scamsters.

The Delhi University Finance Professor named Vinny Arora posted the video on Instagram on Saturday in which he revealed that he received two identical messages from SBI bank with “Same message. Same style. Same branding. Even the sender name” looked similar. Although both seemed genuine, but a closer examination revealed that they differed significantly.

 

More Info

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information