Overview

• Paytm founder Vijay Shekhar Sharma revealed a WhatsApp scam where an impersonator posed as him to extract sensitive company information.
• The scammer requested details on company funds, account screenshots, and the finance head’s contact information, attempting to exploit trust.
• Sharma shared screenshots of the exchange on social media, drawing widespread attention to the sophistication of digital impersonation scams.
• WhatsApp responded by releasing user safety guidelines, advising individuals to verify identities, block suspicious contacts, and report scams.
• India’s Telecom Department launched the Financial Fraud Risk Indicator to enhance intelligence sharing with banks and financial institutions.