Billion-Dollar Scam Exposed: How 2 Techies Lost Rs. 34 Lakh

In today’s digital age, where technology is an integral part of our lives, we are constantly exposed to various online threats and scams. Recent reports highlight the unfortunate case of two tech-savvy individuals who fell victim to a scam, losing a substantial sum of money. This incident serves as a stark reminder that online scams can target anyone, regardless of their technical knowledge. To help you protect yourself from such fraudulent activities, we’ve compiled five essential tips to keep you safe while navigating the digital landscape.

Understanding the Recent Scam

Before diving into the tips on safeguarding yourself online, let’s briefly understand the scam that led to the loss of Rs 34 lakhs by two tech professionals. The scam, often referred to as the “like and share scam,” preys on individuals’ curiosity and their trust in social media platforms. Scammers create fake profiles or pages that mimic popular brands or celebrities, offering enticing deals, giveaways, or opportunities in exchange for likes, shares, or personal information. Victims, thinking they are interacting with legitimate sources, eagerly participate, only to realize they have been scammed when it’s too late.

Tip 1: Verify the Source

One of the simplest yet effective ways to protect yourself online is to verify the source of any online offer, promotion, or message. Genuine businesses and organizations typically have verified accounts or official websites. Before engaging with any online content, ensure it comes from a legitimate source.

Tip 2: Be Skeptical of Unrealistic Offers

Scammers often use the promise of unrealistically generous rewards to lure victims. If an offer seems too good to be true, it probably is. Exercise caution when faced with offers that promise substantial gains for minimal effort, especially if they require personal or financial information.

Tip 3: Secure Your Personal Information

Your personal information is a valuable asset in the digital realm. Scammers seek to exploit it for their gain. Protect yourself by being cautious about sharing personal data online, especially with unfamiliar websites or profiles. Use strong, unique passwords and enable two-factor authentication wherever possible.

Tip 4: Educate Yourself Continuously

Online scams are continually evolving, becoming more sophisticated and harder to detect. Staying informed about the latest scams and fraud prevention techniques is crucial. Consider following reputable cybersecurity blogs or subscribing to updates from cybersecurity organizations.

Tip 5: Report Suspicious Activity

If you come across any suspicious online activity or believe you have encountered a scam, report it immediately. Social media platforms and law enforcement agencies have mechanisms in place to investigate and address such incidents. Reporting helps protect not only yourself but also others who might fall victim to the same scam.


In an increasingly digital world, staying safe online is a shared responsibility. By following these five tips, you can significantly reduce your risk of falling victim to online scams. Remember to always verify the source, be cautious of unrealistic offers, secure your personal information, stay informed, and report suspicious activity promptly. Taking these precautions will help you navigate the digital landscape with confidence and protect yourself from potential online threats.


Q. How can I verify if an online offer is legitimate?
. To verify the legitimacy of an online offer, check if it comes from a verified account or official website of the business or organization. Be skeptical of unsolicited offers that seem too good to be true.

Q. What should I do if I suspect I’ve encountered a scam?
. If you suspect you’ve encountered a scam, report it immediately to the relevant authorities or the platform where you encountered it. This can help prevent others from falling victim to the same scam.

Q. Are there specific signs that indicate an online offer is a scam?
. Yes, some common signs of online scams include unrealistic promises of rewards, requests for personal or financial information, and poor grammar or spelling in messages or emails.

Q. How can I protect my personal information online?
Protecting your personal information online involves using strong, unique passwords, enabling two-factor authentication, and being cautious about sharing personal data with unfamiliar websites or profiles.

Q. Where can I stay informed about the latest online scams and cybersecurity updates?
You can stay informed about the latest online scams and cybersecurity updates by following reputable cybersecurity blogs, subscribing to updates from cybersecurity organizations, and staying alert to news reports on digital threats.

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