Anti-Fraud/Scamming Society of Bangladesh

05/11/2025

1. High incidence of fraud among mobile financial service (MFS) users
• A study by Policy Research Institute of Bangladesh (PRI) found ~1 in 10 MFS users in Bangladesh have been victims of fraud. 
• The average loss per victim was around Tk 9,000 in that study. 
• Fraud is not limited to the uneducated or rural; interestingly, users with higher education had higher victim-rates (16.4% for Master’s degree holders in one study) — suggesting digital literacy ≠ formal education. 

2. Fraud methods: social engineering, impersonation, PIN/OTP theft

Some of the most common tactics:
• Scammers impersonate officials of MFS providers, or call pretending to be support. 
• They ask for PINs, OTPs (one-time passwords), often under the guise of “account verification”, “prize redemption”, etc. 
• SIM-swap attacks or cloned apps/accounts: criminals switch SIMs or clone an account to the user’s identity. 

01/11/2025

28/10/2025

🚨 Digital Scam Alert in Bangladesh! 🚨

In August 2025, hackers stole BDT 27 lakh from over 50 Standard Chartered Bank cards — transferring the money to mobile financial service (MFS) accounts within seconds! 😱

🧠 Victims say they never shared OTPs — meaning the attack was highly automated and sophisticated.
💳 SCB quickly disabled “Add Money → MFS” to prevent more thefts.
⚠️ Experts say the real vulnerability may lie in the MFS platforms, not the bank itself.

Stay safe:
✅ Never ignore sudden OTPs.
✅ Turn on transaction alerts.
✅ Keep card-to-MFS limits low.
✅ Report suspicious activity immediately.

Digital speed is both a blessing and a weapon — stay one step ahead. 💪

24/10/2025

A popular and timeless saying for avoiding scams is, "If it sounds too good to be true, it probably is". This advice remains relevant in the digital age, where scams often entice victims with unrealistic promises.

Suspicion and critical thinking

"Hackers don't need names or proximity—just opportunity"

"Stop. Think. Act"

"Be skeptical of unsolicited emails, texts, and WhatsApp messages"

Protecting personal information

"Passwords are like underwear: don't let people see it; change it very often".

"The most secure data is data you don't collect".

"Be careful what you post. What you post online, stays online".

23/10/2025

I gained 42 followers, created 17 posts and received 2 reactions in the past 90 days! Thank you all for your continued support. I could not have done it without you. 🙏🤗🎉

22/10/2025

All types of scams and fraudulent activities will be shared here so that people don’t fall into the same trap again

22/10/2025

It’s we all gather to create a fraudulent and scamming free society for us. Please join and let others know also.

21/10/2025

| 🌍 GLOBAL THREAT: High-Tech & High-Value | 🇧🇩 BANGLADESH CRISIS: Behavioral & Systemic

$12.5 BILLION: Total reported consumer losses to fraud in the US in 2024. 64.58% SPIKE: Year-on-year increase in Suspicious Transaction Reports (STRs) filed with the BFIU (2022-23).

25%INCREASE: Growth in reported US consumer losses in just one year, driven by higher-yield scams. 400% SURGE: Growth in reports detailing the misuse of Mobile Financial Services (MFS) platforms for shadow finance (hundi, illegal betting).

5.7 BILLION: The top loss category globally in 2024 was highly sophisticated Investment Scams. 28% FINANCIAL LITERACY: The estimated rate, meaning over 70% of the population is highly vulnerable to confidence and imposter scams.

SUCCESS RATE: The percentage of people reporting fraud who actually lost money in 2024, showing increased criminal efficacy. 45% ENCOUNTER RATE: Percentage of survey respondents who reported experiencing some form of cyber fraud, such as phishing.

The Core Defense Gap:
Globally, defense prioritizes AI and sophisticated cybersecurity. In Bangladesh, the defense strategy must focus on urgent institutional reform of MFS networks and mandatory behavioral conditioning to overcome the massive financial literacy deficit.

18/10/2025

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