RESEARCH METHODOLOGY

Detailed explanation-1: -Vishing-or voice phishing-is the use of fraudulent phone calls to trick people into giving money or revealing personal information. It’s a new name for an old problem-telephone scams. Vishing frequently involves a criminal pretending to represent a trusted institution, company, or government agency.

Detailed explanation-2: -Fake Call Frauds. What we are discussing here is related to vishing, also known as voice phishing. Several instances have occurred wherein people receive phone calls that appear to be from their bank. The caller usually pretends to be a bank representative or someone from the bank’s technical team.

Detailed explanation-3: -Caller ID spoofing can be used to fraudulently impersonate a trusted vendor (such as a bank or credit union), a law enforcement agency or another subscriber. These calls may be used for vishing, where a scammer impersonates a trusted counterparty in order to fraudulently obtain financial or personal information.

Detailed explanation-4: -Made knowingly and with the intent to deceive. Reliance on the misrepresentation by the victim. Resulting in injury or damage from such reliance.