When you bank online, you trust that your account is protected from hackers. Still, online accounts may make consumers prefer easy targets: instead of robbing the bank, a criminal may take out your money with a few keystrokes.
Bank fraud and online fraud have been on the rise in recent times. Against this backdrop, many banks in the country warn their billions of customers to be vigilant. There is also a possibility of fraud in ATMs while transacting online. This blog has some important tips to help keep your customers' accounts secure.
If you follow some precautions then it is completely safe. All banks are fully adhering to the standards made to protect their systems, so there is no risk from banks. The following are the main precautions to be taken.
The Reserve Bank and all the commercials keep advising their customers from time to time to stop the fast-growing bank fraud. Consumers need to avoid these 7 mistakes when they need money during the festive season. Find out what 7 mistakes this blog has warned their customers about
Do not share OTP, PIN number as well as CVV on your debit-credit card with anyone while making a bank transaction. Most types of fraud are caused by giving OTP or CVV via phone call. If you do, contact the bank immediately. Do not tell your ID and password to anyone, not even to bank officials and your family members.
Avoid saving your bank account information in the phone. In my opinion, there is a risk in saving your bank account number, password, ATM card number, or photo in the phone. Digital thieves can use this to hack into your account.
Only you should use your ATM card. Do not share ATM details with anyone. This increases the chances of your bank details being leaked. The money in the account may change without your permission.
Avoid conducting financial online transactions from public devices, open networks, or free WiFi. In my opinion, this can lead to the theft of customer information. The risk of online fraud is the highest.
Sensitive information such as user ID, PIN, password, CVV, OTP, UPI is never asked by the bank representative. So if someone calls to get such information, block that number, don't give any information on it. This call could be phishing.
When a fraudulent person or organization sends you a fake email, it is called phishing. In such e-mails, try to know your bank account number, password, etc. Never click on the link given in it.
If you are going to a third party website to make a payment, check that it is safe. When shopping online, while paying a phone or electricity bill, do it through a trusted website. While logging in, be sure that there are no phishing sites. check for 'https: //'.
Internet banking platforms of all banks run on the secured service layer. Their web address also starts with https. After the transaction of money, never forget to logout into your account on the internet. You may have to suffer a big loss due to this small mistake of yours.
But the customer also has to take care of some things, to be completely safe. Such as not sharing your internet banking login data with anyone, changing the password at regular intervals and not storing it on any online platform, logging on to the bank's original website and any similar looking websites Do not fall into the trap. If the money has been withdrawn from your bank account or there is any kind of fraud, please inform the bank immediately. Also, change the password as well. By the way, changing the password in a few days enhances security.