Bombay Stock Exchange

Fake BSE website blocked

Bombay Stock Exchange
Bombay Stock Exchange

A Bombay Stock Exchange fake website has been used by scammers to con you into paying for stock transaction and also harvest your credit card and   bank details.. The fake site looking very convincing, and can be difficult to spot any differences between the real one and the fake.

Mumbai Cyber police have initiated investigations into a fake website of the Bombay Stock Exchange (BSE).

BSE is one of the popular site that online stock traders visit. The scammers created a similar website to www.bseindia.com which specializes in live stock/share market updates from Asia’s premier stock exchange and report current stock/share market news, and they changed a few letters in the original domain name and bought a premium slot from Google’s search engine, and used web spider, so if anyone searched for BSE, the fake website’s link would come up prominently, according to a cyber crime police officer. All the features and content of the original website were duplicated on the fake website, so people would spend time on the site unaware that it was fake. The scammers would then claim money from Google by selling space on its popular fake website which by then could have recorded thousands of hits. Some features on the fake website could encourage people to fill up their basic personal details like full name, date of birth, mothers maiden name, address, e-mail address to claim some freebies or offers. The website has since been block after senior officers of BSE had registered an FIR two days ago against unknown scammers.

The best ways to spot fake website and protect yourself is to update your software – your internet browser which includes security functions which can help spot sites masquerading as trusted sites, and even tell you before you arrive that the site is a fake. Check that the security options are enabled in your browser. Always check the signs – before entering any banking information, make sure your browser is showing the padlock symbol next to the address bar and that the address starts with https://. Without these signs there is no guarantee of security or encryption of your details. Any major online retailer will have these security measures as standard.. Be suspicious if words are misspelt or pictures and logos look shoddy. Do your research – if you have not used a website before, check its credentials, Search for alternative contact details such as address or phone number – if in doubt call them first. Look on forums and blogs for reviews and advice from previous users of the site.