Online Banking Safety Tips: Simple Ways to Avoid Credit Card Fraud
As per a source, there are approx 20 million credit and debit card users in India involving in online/internet banking. Over 25,800 fraud issues (with amount involvement of Rs 179 crore) were reported in India previous year. Out of them mainly were credit card frauds, online fraud in Bank with phishing & other net banking issues.
If you own an ATM, Debit/Credit card, here are tips to stay safe & secure
There are many cyber security threats through which an unethical hacker/cracker/cybercriminal can gather the credit card number from a victim. The most common one is known as phishing, Desktop Phishing, Tab Napping, Ex: – www.paypala.com Instead of www.paypal.com or onlinesbl.com instead of onlinesbi.com or lcalab.com instead of ica.in [Always check URL before login in any Online Bank account].
Online Frauds in Banks with Phishing
In this technique, the hacker poses as an officer within an organization, let’s say Visa. The hacker sends to a group of email accounts an alert, instructing the receiver to follow determined a set of instructions before his credit card is cancelled. If the user is not aware of this kind of fraud, he will insert his credit card number, his name and expiration date without knowing he is going to be a victim of credit card frauds.
Another way for hacking credit card numbers is through a website. The hacker only needs to hack the systems of an online retailer, let’s say, Snapdeal, eBay and search for the database where the retailer stores the information of all of the users who have made recent transactions.
The third way is through the online process of buying. Let’s say an adult finds a website with adult content that he or she finds attractive. It’s quite probable that the website is only a masquerade for acquiring credit card information from you.
Simple Ways to Prevent Credit Card Frauds
Be safe with your credit card online:
Always check URL before putting your password and important data” that you are sharing your information with a right organization or not. Never click on emails that pretend to have come from your official bank, RBI, credit card company. You can be a victim of online fraud in bank with phishing. Type URL yourself and verify site https information consisting name of the organization.
Example Spoof Bank Websites: www.bankofindiaka.com, Real: www.bankofindia.com.
Make strong password & keep them safe:
Protect your Personal Identification Number (PIN) or secret code when using your card (at the ABM and at a merchant). Memorize your PIN. Do not write it down anywhere. Change your PIN regularly and do not choose one that is too obvious (e.g., your date of birth, address or part of your telephone number). Don’t share your PIN with anyone.
Avoid sharing your card or net banking details:
Never divulge your card number by phone unless you are doing business with a very trustworthy company. Only give the number if you initiated the transaction.
Credit card safety tips:
Don’t forget to destroy any cards that you no longer need so that no one else can use them. Each time you use your card, make sure that you are returned the right one after paying. When at work, never leave your credit cards unattended. More cards are stolen at work than from any other location. Never leave your ATM, cards in cars or any unsafe place. A large percentage of credit card thefts are from vehicles. While travelling, keep your cards on you or in a safe location.
Free, public Wi-Fi can be dangerous to your credit card:
Be aware of online purchases on a public Wi-Fi connection easily hackers can make you target if you’re doing an online transaction on public wifi. If you find yourself using public Wi-Fi often, consider getting a VPN, which is more secure.
Report lost or stolen credit cards immediately:
As soon as you find your cards missing, lost or stolen; report it instantly to the concerned company. The sooner you will react, the lesser damage you will get. The less amount you will have to pay for any fraud payment done online. Always save the customer service number of banks & company in case of emergency.
Online Banking Safety Tips to Keep Your Accounts Secure
- Use different passwords on different sites. Ignore pop-ups because it can contain malicious software which can trick a user into verifying something.
- Lock your phone and tablet devices to prevent another to use your cell phone to do any malicious stuff
- Always access your account from a secure & trustworthy location.
- Always use the updated system with a good antivirus.
- Check your monthly account statement on a regular basis. Make sure that the transactions are yours. Immediately notify the Bank or issuing company if a card is lost or stolen.
What to Do if You’re a Victim of Credit Card or Online Banking Fraud
- Contact the official customer service number of the bank & credit card company. Get your all card hotlisted. Change your credential, password etc.
- For online fraud, you can approach to a cyber cell. See how you can report cyber crime in India.
- Keep an eye on your bank account. Check your statement regularly. If you find any sign of fraud, inform to the bank immediately. Write a written complaint to the bank officials.