- Nithin Kamath highlights ₹11,000 crore loss due to scams in 9 months.
- Kamath warns AI could escalate fraud tactics.
- He advises users to update privacy settings on WhatsApp and Telegram.
Zerodha co-founder Nithin Kamath raised concerns about the alarming rise in online scams, which have already resulted in a staggering ₹11,000 crore loss in just nine months. Kamath warned that with the increasing use of AI by fraudsters, the situation could worsen, urging users to stay vigilant.
Kamath shared practical steps to protect oneself, especially on messaging platforms like WhatsApp and Telegram. By adjusting group privacy settings, users can prevent strangers from adding them to suspicious groups. He recommended limiting group access to contacts or selected people, enhancing personal security.
Kamath’s warning comes as online scams become more sophisticated, emphasizing the need for better awareness and preventive measures in the digital age.
— Nithin Kamath (@Nithin0dha) November 29, 2024
