Why do we fall for financial frauds?

Over 52,000 cybercrime cases were recorded in India in 2022, with financial fraud making up a massive 60%, according to NCRB data. And that’s just the reported cases—the true scale could be much larger. Surprisingly, many victims are well-educated and tech-savvy individuals. So, why do so many fall victim to these scams? To get an answer of this In this episode, we explored The scariest and most common cybercrimes in IndiaHow even educated individuals get tricked The psychological strategies scammers use to deceive victimsThe exploitation of teenagers in online financial schemes Practical ways to protect yourself from cyber fraud.Watch full conversation with Ritesh: https://youtu.be/dl3bxXE_cRU?si=UL2y4vTbHgFUwhpfWatch full conversation with Nirali: https://youtu.be/6E5LA9NBp-A?si=xcNRuVxqbetTlQst*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.Quotes or authorizations in this podcast are provided solely for educational purposes and relate to third-party products.