To play the policeman is the oldest trick in the fraudster’s book. Delhi’s residential areas have seen a spike in crimes where two policemen stop an old woman and admonish her for wearing gold jewellery when there is so much crime in the city. They get her to “keep it safely” in her bag in a piece of cloth they give her. In the process, they switch the bundle and leave her with bits of stone. Something similar is afoot in the financial sector. Many of us get mails in the name of the banking regulator inducing us to share our username and password of the Internet banking account or telling us that we have won a lottery. There are calls from people pretending to be from the insurance regulator promising a bonus if the customer buys a policy or getting people to switch from an existing policy to a new government-guaranteed one. And now there are stories of money being collected in the name of the pension regulator using the national emblem and the logo of Pension Fund Regulatory and Development Authority (PFRDA).