Fastag Smart Watch Scam 2022: All You Need to Know About it

Fastag Smart Watch Scam, Paytm Fastag Scam: A boy wearing a Smartwatch touches the windshield of a car while rubbing the barcode or Fastag on the mirror. He then claims to make money with Fastag. This news was circulated on social media and soon became a trend.

However, it was revealed that he was a scam artist who had no money to make from the Smartwatch. So how does one avoid falling victim to this scam? Read on to learn how to avoid falling victim to the Fastag smart watch scam.

NETC FASTag is Three Times Safer

Fastag Smart Watch Scam
Fastag Smart Watch Scam 2022: All You Need to Know About it

NETC FASTag is one of the most popular smart watch scams in India, and for good reason. In the latest video, a kid in a car using an Apple Watch to collect money is seen siphoning money from the PayTM FASTag. The kid seems to scan the FASTag sticker on the windscreen by moving the watch against it.

Although this looks suspicious, the FASTag website denies that the video is fake and claims that it’s only a scam. The service also states that it only works for transactions with merchants registered with it, so it’s completely safe to use.

Scammers Can only Be Initiated by Registered Merchants

A kid is ripping off money from PayTM FASTag by cleaning a window while wearing an Apple Watch. The kid moves his watch against a sticker on the windscreen, claiming he is scanning it.

However, FASTag denies that such a scheme exists, and assures that only transactions initiated by merchants registered with the platform can be fraudulent. Here’s how you can stay safe from scammers:

Reporting Attempts To the FTC

A quick online search will turn up many ways to report the scam. You may get text messages from Amazon, a website you’ve never heard of, or even a scam email from Fastag.

While many scams are legitimate, some are not. To avoid falling victim to this scam, you should always report any scam you find. This scam is particularly dangerous because you might receive malware through text messages.

Avoiding Phishing Scams with FasTag

You have probably heard of the FASTag fraud, but what’s it all about? In fact, it’s a relatively new scam. It targets UPI users to siphon money from their bank accounts. This method has been used in the past, but the scammers have now shifted their focus to FASTag recharges. While the frauds were previously excused by the expiration of debit or credit cards, the latest method enables them to prey on innocent UPI users.

Fastag Smart Watch Scam: It has become a common online scam technique for cybercriminals to use the FASTag as a method to steal your personal information. Rather than risk your information by sharing it with a phishing website, you should use the RFID-based FASTag to ensure safe and secure transactions.

This is available through the MyFASTag app or at banks that support FASTag. Do not, however, give out your FASTag details over the phone.

Paytm Fastag Scam

The PayTM fastag scam is a corruption and fraud scheme that involves a phone call that keeps the customer on hold or cuts the call. There is no way to find out what the person behind the fake Fastag is asking for. The only way to stop a fake Fastag is to permanently close the fastag. The best way to do this is to send the company your RC number and fastag barcode photos. However, there is no way to do this on the Paytm app interface.

In Bengaluru, a man lost over Rs 50,000 to a fake customer care executive who was posing as an Axis Bank executive. This fraudster had sent him a fake online form that he had to fill up. The fraudsters then requested for his bank account details and allegedly transferred money from the man’s account to their own. Luckily, the man had been warned in time, as he had lost Rs 50,000.

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Fastag Smart Watch Scam A video of a kid syphoning off money from a PayTM FASTag went viral recently. In the video, the kid is seen washing a car window wearing an Apple Watch while holding the FASTag sticker. The kid then moves the watch against the FASTag sticker on the windscreen, as if he’s scanning it. FASTag denies that such a scam is taking place and says the tag is used only by registered merchants.

Conclusion

So friends, in today’s article, we learned about Fastag Smart Watch Scam, and Paytm Fastag Scam, so if you liked this article, then definitely tell us in the comment.

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