Internship Scams: Exposing Financial Frauds Targeting Students
Executive Summary:
Internship scams have infiltrated the academic landscape, scamming students of many prestigious colleges. The students often prefer to carry out internships to gain knowledge and work experience. These scams use the name of popular multinational companies to exploit the students. This report studies the various case studies, their modus operandi, impact on the students and preventive strategies. This report emphasises the importance of awareness and proactive measures to protect students from falling victim to such frauds.
1. Introduction
Internships are the opportunity to overcome the gap between the practical knowledge acquired at the university and practical experience, to get practical skills and contacts in the field of activity, as well as improve employment prospects. Instead, because of high paying internships and interesting positions students have become targets of work scams. As we have seen with the advancement in digital technology, scammers take advantage of the disguise of the internet, making very neat, smart, and convincing scams.
Internship scams are very prevalent and they include fake job listings and phishing schemes as well as payment frauds which make students lose lots of money and also emotionally expose them. In this specific case, this paper examines how these scams work, the warning signs, and ways of protecting students from falling victim to them.
2. Detailed Modus Operandi of Internship Scams
Internship scams often employ a variety of tactics to attract and deceive unsuspecting students. Below is a detailed breakdown of the common methods used by scammers:
- Fake Job Listings and Offers:some text
- Scammers post attractive internship offers on popular job portals, social media platforms, and even send personalised messages via LinkedIn. These listings often mimic the branding and style of reputable companies, including well-designed logos, professional email addresses, and official-looking websites.
- Example: A fake internship offer from a reputed software firm circulates on a job portal, with a professional landing page. Students who apply are quickly “hired” without any interviews, and are asked to pay a security deposit to confirm their acceptance.
- Upfront Payment Requests:some text
- Scammers ask for payment such as registration fees, training materials, background checks, or security deposits. These payments comes under non-refundable payment and it act as the primary revenue stream for the fraudsters.
- Example: A group of students receive internship offers requiring a payment of INR 10,000 for "training materials" and "online assessments." After making the payment, the students never hear back from the company, and all attempts to contact them were futile.
- Phishing and Identity Theft:some text
- Beyond financial fraud, some scams aim to steal personal information. Fake internship applications often require detailed personal data, including identity proofs, bank account details. This data will be used as identity theft or sold on the dark web.
- Example: A student applies for an internship that asks for copies of identification documents and bank details. This information sharing led to unauthorised transactions in their bank account.
- Work-from-Home Frauds:some text
- With the rise of remote work, scammers also offer work-from-home internships that require students to purchase software or pay for specialised training. After payment, students are often given irrelevant tasks or no tasks at all, leaving them with no real work experience.
- Example: An internship advertised as a "remote data analysis role" required students to buy a proprietary software licence. After paying, students realised the software was freely available online, and the internship tasks were non-existent.
- Impersonation of Reputed Companies:some text
- Scammers use the name of well-known companies, they modify the email addresses or create fake websites that look original. They use these platforms to send offer letters, making it difficult for students to identify the scam.
- Example: A scammer creates a fake website mirroring a major consulting firm's internship page. The only difference is a minor change in the URL. Dozens of students are duped into paying registration fees.
3. Case Studies of Real-Life Incidents
- Case Study 1: The Certification Course and Internshipsome text
- A group of students received personalised emails from an official domain of a reputed tech industry providing an internship offer. Students were asked to pay Rs 10,000 to undergo a certification course to carry the internship. After paying the amount, the students did not receive any instructions, and the company was found to be nonexistent. The scammer had spoofed the company’s email domain, making it difficult to trace the source.
- Case Study 2: The Social Media Trapsome text
- A student from a university encountered an internship post on Instagram, advertising roles at a popular fashion brand. The application process involved a "screening fee" of INR 5,000. Despite appearing legitimate, the internship was fake, and the brand had no knowledge of the post. The student's personal data was also compromised, leading to unauthorised social media activity.
- Case Study 3: Internship Providing Social Platformssome text
- A popular internship providing platform, faced an incident where a scammer posted fraudulent internship offers under the guise of a major multinational. The scam involved asking students to purchase expensive software to start their work. The platform had to issue warnings and remove the listings after several complaints.
4. The Impact on Students
The consequences of internship scams extend beyond immediate financial loss, affecting students on multiple levels:
- Financial Impact:some text
- Students lose their money, ranging from minor fees to significant payments.
- Emotional and Psychological Distress:some text
- These kinds of scams can lead to anxiety, depression and loss of confidence in availing the opportunities in future.
- Exposure to Further Scams:some text
- Scammers often share details of their victims with other fraudsters, making students susceptible to repeated scams, including phishing attacks, financial frauds, and unsolicited offers.
5. Preventive Measures
- Verification of Internships:some text
- Always verify the authenticity of the internship by researching the company on official platforms such as LinkedIn, the company’s official website, and through trusted contacts or college placement cells.
- Avoid Upfront Payments:some text
- Employers do not ask for money in exchange for job or internship offers. If they demand for any kind of payment, then the employer is not original. Always question the necessity of such payments and consult trusted advisors before proceeding.
- Use Trusted Job Portals:some text
- Apply for internships through recognized platforms like LinkedIn, Internshala, or your college’s placement cell, which have verification processes to filter out fraudulent postings.
- Reporting Scams:some text
- Report suspicious offers to your college authorities, placement cells, and local cybercrime departments. Additionally, use platforms like Internshala’s “Report This Job” feature to flag fraudulent listings.
- Stay Educated and Updated:some text
- It is important to educate students by providing workshops, webinars, and awareness sessions on cybersecurity to stay informed and report about the latest scams.
6. Conclusion
Internship scams are a severe threat to the student society since they manipulate the student’s desire for an internship. The best ways to prevent such cons are by being cautious and receptive to whatever is being offered. Internship seekers, colleges and the placement cells have to work hand in hand to ensure that there is no fear among people seeking internships.
References
- Smith, J. (2024). Internship Scams on the Rise: How to Spot and Avoid Them. Retrieved from example1.com.
- Brown, A. (2023). Student Internship Scams in India: A Growing Concern. Retrieved from example2.com.
- Johnson, L. (2024). How to Protect Yourself from Fake Internship Offers. Retrieved from example3.com.
- Gupta, R. (2024). Social Media and the Rise of Job Scams. Retrieved from example4.com.
Related Blogs
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Introduction
Personalised advertisements deploy a mechanism that derives from the collection of the user’s data. Although it allows for a more tailored user experience, one cannot ignore the method through which this is achieved. Recently, as per a report by the Indian Express on 13th November 2024, Meta has come up with a less personalised ad option on Facebook and Instagram for its users in the European Union (EU). This was done due to the incompatibility of their previous ad offer with the EU’s Digital Markets Act (DMA).
Relevant Legislation
In October 2023, Meta came up with a “Pay or Consent” option for their users in the EU. It gave the users two options: either to pay a monthly subscription fee to avail of the ad-free usage variant of Facebook and Instagram, or to give consent to see personalised ads based on the user’s data. This consent model was introduced in their attempts to comply with the EU’s DMA. However, this was found to be incompatible with the said mandate, according to the EU regulators, as they believed that the users should not only have the option to consent to ads but also have access to less personalised but equivalent alternatives. It is this decision that pushed Meta to come up with less personalised ad options for users in the EU. The less-personalised ad option claims to rely on limited data and show ads that are only based on the context of what is being viewed i.e. during a Facebook or Instagram session requiring a minimum set of data points such as location, age, gender, and the user’s engagement with the ads. However, choosing this option also allows for such ads to be less skippable.
The EU’s Digital Markets Act came into force on November 1, 2022. The purpose was to make the digital marketing sector fairer and in doing so, identify what they consider to be “Gatekeepers” (core platform services such as messenger services, search engines, and app stores) and a list of do’s and don’ts for them. One of them, applicable to the case mentioned above, is the effective consent required by the user in case the gatekeeper decides to target advertisements enabled by tracking the users' activity outside the gatekeeper's core platform services.
The Indian Context
Although no such issues have been raised in India yet, it is imperative to know that in the Indian context, the DPDP (Digital Personal Data Protection) Act 2023 governs personal data regulation. This includes rules for Data Fiduciaries (those who, alone or in partnership with others, determine the means and purpose of processing personal data), the Data Principal (those who give data), Consent Managers, and even rules regarding processing data of children.
CyberPeace Recommendations:
At the level of the user, one can take steps to ensure limited collection of personal data by following the mentioned steps:
- Review Privacy Settings- Reviewing Privacy settings for one’s online accounts and devices is a healthy practice to avoid giving unnecessary information to third-party applications.
- Private Browsing- Browsing through private mode or incognito is encouraged, as it prevents websites from tracking your activity and personal data.
- Using Ad-blockers- Certain websites have a user option to block ads when the user first visits their page. Availing of this prevents spam advertisements from the respective websites.
- Using VPN- Using Virtual Private Networks enables users to hide their IP address and their data to be encrypted, preventing third-party actors from tracking the users' online activities
- Other steps include clearing cookies and cache data and using the location-sharing feature with care.
Conclusion
Meta’s compliance with the EU’s DMA signals that social media platforms cannot circumnavigate their way around rules. Balancing the services provided while respecting user privacy is of the utmost importance. The EU has set precedence for a system that respects this and can be used as an example to help set guidelines for how other countries can continue to deal with similar issues and set standards accordingly.
References
- https://indianexpress.com/article/technology/tech-news-technology/meta-less-personalised-ads-eu-regulatory-demands-9667266/
- https://rainmaker.co.in/blog/view/the-price-of-personalization-how-targeted-advertising-breaches-data-privacy-and-challenges-the-gdprs-shield
- https://www.infosecurity-magazine.com/magazine-features/fines-data-protection-violations/
- https://www.forbes.com/councils/forbestechcouncil/2023/09/01/the-landscape-of-personalized-advertising-efficiency-versus-privacy/
- https://iapp.org/news/a/pay-or-consent-personalized-ads-the-rules-and-whats-next
- https://economictimes.indiatimes.com/news/how-to/how-to-safeguard-privacy-in-the-era-of-personalised-ads/articleshow/102748711.cms?from=mdr
- https://www.business-standard.com/technology/tech-news/facebook-instagram-users-in-europe-can-opt-for-less-personalised-ads-124111201558_1.html
- https://digital-markets-act.ec.europa.eu/about-dma_en
Introduction
The increase in consumer demands has resulted in a sharp increase in digital financing in India. As a result, the reputation of the digital lending sector has been impacted, as bad actors increasingly deploy illicit lending platforms such as fraudulent loans and trading apps. As millions of Indians download fast loan applications to help them meet their financial ends, the fraudulent apps result in cyber crimes including financial fraud. Consumers need to be vigilant of dubious trading or loan applications as bad actors frequently use illegitimate apps to trick victims by advertising limited-period offers and applying pressure.
Recently the Indian Cyber Crime Coordination Centre (I4C) led handel CyberDost has issued a cybercrime alert against the ‘CashExpand-U’ finance assistant app, which has been now removed from the Google Play Store. The app was found to be associated with hostile foreign entities, and the app had made it easier to raise small loans. However, such loan apps are seldom credible and may compromise financial information.
Raising cases of Fraudulent Loan Apps
The finance minister had stated that the government is constantly engaged with the Reserve Bank of India and other regulators and stakeholders to control fraudulent loan apps. In FY23, there were 1,062 complaints against such apps, the Finance Minister shared during a Lok Sabha session. Google removed almost 134 fake apps from the Play Store in a single week in September 2023 after multiple complaints were registered against such apps. The Reserve Bank of India (RBI) had also issued regulatory guidelines on digital lending in April 2023 to bring transparency in the digital loan space.
CyberPeace Policy Wing Advisory for Users
- Be cautious of App Permissions
Fake lending apps collect data by fraudulently taking numerous app permissions from consumers and misusing them later. The users must effectively manage their app permissions to avoid denying any extra permissions such as access to contacts, location, and photos. This is because fraudulent digital lenders access users' personal data to extort additional money even after loan repayment.
- Practice Due Diligence
Consumers must exercise care & caution before applying for a loan from digital lending platforms. Before applying for a loan or downloading any such apps, consumers must conduct due diligence by verifying the app's name, rating, reviews, physical address, and contact information. Always double-verify the paperwork before signing any agreement or contract. Always apply for loans from RBI-approved and compliant banking and financial services providers.
- Download from Official Sources
To avoid downloading counterfeit apps, only download lending apps from official stores like Google Play Store or Apple App Store, and avoid downloading apps from web links sent via SMS, email, or social media, even if shared by your known persons.
- Be sceptical of too-good-to-be-true offerings
Be cautious of deals that seem too good to be true, like hassle-free easy loans as they can be fraudulent. If an offer seems too good to be true, it might be a red flag. Hence always conduct your own research to verify the lender and avoid making hasty decisions.
- Reporting Mechanism
In case of facing a scam by such fraudulent apps, victims can file a complaint with the ‘National Cyber Crime Reporting Portal’ or Cyber Crime Helpline ‘1930’, or they can also contact us at CyberPeace Helpline +919570000066 and helpline@cyberpeace.net to get assistance in reporting their cases.
Final Words
Illegitimate loan/trading apps have been raising concerns by defrauding innocent consumers who seek financial assistance. The Center has recently warned against the CashExpand-U app, which has been now removed from the Google Play Store. Users are advised to exercise due care and caution while downloading loan apps and applying for loans to prevent any potential scams. keep up to date with news from concerned authorities about common scams and fraudulent practices in the lending space and stay safe in the online world.
References:
- https://www.livemint.com/news/beware-govt-issues-cybercrime-alert-against-loan-app-cashexpand-u-finance-assistant-11720338996430.html
- https://timesofindia.indiatimes.com/technology/tech-news/government-has-issued-an-important-warning-for-this-loan-app/articleshow/111541577.cms
Executive Summary:
A misleading video has been widely shared online, falsely portraying Pandit Jawaharlal Nehru stating that he was not involved in the Indian independence struggle and he even opposed it. The video is a manipulated excerpt from Pandit Nehru’s final major interview in 1964 with American TV host Arnold Mich. The original footage available on India’s state broadcaster Prasar Bharati’s YouTube channel shows Pandit Nehru discussing about Muhammad Ali Jinnah, stating that Jinnah did not participate in the independence movement and opposed it. The viral video falsely edits Pandit Nehru’s comments to create a false narrative, which has been debunked upon reviewing the full, unedited interview.
Claims:
In the viral video, Pandit Jawaharlal Nehru states that he was not involved in the fight for Indian independence and even opposed it.
Fact check:
Upon receiving the posts, we thoroughly checked the video and then we divided the video into keyframes using the inVid tool. We reverse-searched one of the frames of the video. We found a video uploaded by Prasar Bharati Archives official YouTube channel on 14 May 2019.
The description of the video reads, “Full video recording of what was perhaps Pandit Jawaharlal Nehru's last significant interview to American TV Host Arnold Mich Jawaharlal Nehru's last TV Interview - May 1964e his death. Another book by Chandrika Prasad provides a date of 18th May 1964 when the interview was aired in New York, this is barely a few days before the death of Pandit Nehru on 27th May 1964.”
On reviewing the full video, we found that the viral clip of Pandit Nehru runs from 14:50 to 15:45. In this portion, Pandit Nehru is speaking about Muhammad Ali Jinnah, a key leader of the Muslim League.
At the timestamp 14:34, the American TV interviewer Arnold Mich says, “You and Mr. Gandhi and Mr. Jinnah, you were all involved at that point of Independence and then partition in the fight for Independence of India from the British domination.” Pandit Nehru replied, “Mr. Jinnah was not involved in the fight for independence at all. In fact, he opposed it. Muslim League was started in about 1911 I think. It was started really by the British encouraged by them so as to create factions, they did succeed to some extent. And ultimately there came the partition.”
Upon thoroughly analyzing we found that the viral video is an edited version of the real video to misrepresent the actual context of the video.
We also found the same interview uploaded on a Facebook page named Nehru Centre for Social Research on 1 December 2021.
Hence, the viral claim video is misleading and fake.
Hence, the viral video is fake and misleading and netizens must be careful while believing in such an edited video.
Conclusion:
In conclusion, the viral video claiming that Pandit Jawaharlal Nehru stated that he was not involved in the Indian independence struggle is found to be falsely edited. The original footage reveals that Pandit Nehru was referring to Muhammad Ali Jinnah's participation in the struggle, not his own. This explanation debunks the false story conveyed by the manipulated video.
- Claim: Pandit Jawaharlal Nehru stated that he was not involved in the struggle for Indian independence and even he opposed it.
- Claimed on: YouTube, LinkedIn, Facebook, X (Formerly known as Twitter)
- Fact Check: Fake & Misleading
