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Everything You Need To Know About Net Banking Fraud And Safety Tips



Everything You Need To Know About Net Banking Fraud And Tips To Stay Safe

NEW DELHI: Last month, a 38-year-old woman lost Rs 1.55 lakh while filling her online job application form. She got an email about an attractive job offer from a leaking company. The email also had a link to an online registration form which was mandatory to fill. It required her personal and banking details including the OTP.

Despite filing details correctly, the webpage showed a transaction error message. She attempted it multiple times and shared her OTP. But, when she checked her mobile to call up the bank she was shocked to see transaction messages sent by the bank, almost Rs 1.55 lakh were transferred from her account.  

As the use of net banking has increased, it has become more vulnerable. Securing your account by PIN is just not enough these days, you have to be cyber educated. There are various ways through which fraudsters are tricking customers and swindling money.

Here Are Some Secure Net-Banking Tips:

  • Your customer Id and password should not be disclosed to anyone. Change your password as soon as you receive it; memorize it because noting it down might be risky.
  • Avoid logging in through open internet or shared computer networks such as public Wi-Fi, free Wi-Fi of hotels and airports.
  • Never click on open links in the mails or webpage if you don’t think it’s genuine.
  • Check the Bank’s net-banking authenticity by checking the URL and the PAD lock symbol at the bottom corner of the browser.
  • Disable the “Auto-Fill” option of your browser.
  • Uncheck the “User names and passwords on forms”, click on “Clear Passwords” and click ok.
  • Try using the virtual keyboard feature while logging in.
  • Always write in your private account details and avoid copy-pasting.
  • Supervise your transactions regularly and if any fraudulent activity is observed, immediately bring it to the bank’s notice.
  • Log out every time you use net banking, never close the browser directly.