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Kazakhstan Sees Surge in Internet Fraud Cases
In 2020, internet frauds in Kazakhstan skyrocketed by an alarming 70.6 percent, according to the legal statistics and special records committee of the General Prosecutor’s Office.
Common Tactics Used by Fraudsters
- Hacking or copying social media pages and distributing requests for financial help on behalf of relatives or acquaintances.
- Posing as bank security department officers, calling customers to inform them of suspicious transactions or system failures, then asking them to transfer money to a fake account.
Other Methods Used by Fraudsters
- Offering assistance in writing off bank loans and microloans for a small fee.
- Taking out online loans on behalf of third parties using their documents and bank cards, with as little information as a photo of an ID card and the victim’s card details.
Real-Life Examples of Fraud Victims
- A 60-year-old Kazakhstani woman lost 400,000 tenge (approximately $955) to fraudsters who tricked her into thinking they were police officers.
- An unknown woman gained the trust of her acquaintance and asked for her 20-digit bank card number and a copy of her ID card under the pretence of urgent money remittance.
Experts Warn Citizens to Be Vigilant
Prosecutors urge citizens to:
- Never pay in advance, only give their money after verifying the commodity’s authenticity.
- Never reveal their bank card details to strangers.
- Be cautious when entering websites of known banks, organisations, or trading platforms, as they may seem like clones.
Safety Tips to Avoid Falling Victim
To avoid falling prey to fraudsters:
- Do not provide personal details, including TIN, E-signature, and CVV code, to unknown persons.
- Be wary of questionable deals, false loans, and vehicle re-registration scams.
- Avoid publishing photos of their ID on social media and never send them to third parties via messengers.
- Delete doubtful links received via email and short messages immediately and block the sender.
- Never participate in dubious internet contests or lotteries that demand personal information.
- Verify the website domain name, which should start with https://, not http://.
- Use separate bank cards for online shopping only.
- Enable SMS or Push notifications on payment cards to see all transactions.
- Leave 3D-secure function enabled on payment cards.
State Authorities Take Action
The government has created an interagency task force involving representatives from various ministries, financial monitoring committee, and the Agency for Financial Market Regulation and Development of Kazakhstan. The task force is studying global experiences and best practices to combat pyramid schemes and financial fraud.
In 2020:
- 217 criminal cases against pyramid scheme organisers were investigated.
- 116 cases taken to court and 79 suspects held liable.
- A special programme has been developed, and a group to counter cybercrimes is being established within the Centre to Fight Cybercrimes.