Sunny Leone issued loan she never applied for: How to prevent such frauds using PAN

A loan of Rs 2,000 was issued using the PAN card details of actor Sunny Leone without her knowledge. She complained her credit score took a hit as a result. Sunny reportedly became the latest target of identity theft on the fintech platform Dhani Stocks Limited, a 100 percent subsidiary of Indiabulls. Dozens of users of the platform have complained about the same issue in the past. Recently, a spokesperson of Dhani acknowledged the issue and said they are taking remedial issues to solve the problem.

However, frauds on fintech platforms are increasing. The RBI identifies cyber fraud as the biggest threat to fintech. Users are prone to identity theft via leakage of data from fintech platforms.

Use Form 26A: Form 26A of income tax return records all tax payments and financial transactions made with PAN card. Checking Form 26A regularly can help identify fraudulent activity and file a complaint early.