Digital world surely comes with many advantages but at times things may even turn miserable with increasing online frauds. Today more and more people are using online banking facility for its easy, fast and hassle free services. There are smart banking software are available but there is no denying that hackers are also there to cheat you that can hit you badly. Online banking has made things really very easy and convenient for the customers but with many fraudsters out there online banking is never 100% safe. Let’s check out below what kinds of E-banking frauds are there that can hit you and how you can deal with it-
• Smishing
This is one of the mobile frauds and a variant of the email phishing scam. In smishing fraudsters uses text messages to fool you into sharing your personal and financial information. In the text message they generally mention that due to unauthorized access or excessive unsuccessful attempts your account has been locked so activate it call on the number provided or link of the internet site provided in the text message. If you find any suspicious message, then immediately stop responding, look for message carefully as banks clearly states that they never send such messages and make a complaint.
• Mobile fraud
Here fraudsters try to access information through various means from your mobile device to know about your personal information and account details. Banking through mobile phones, smartphones or tablets are getting huge popular these days, all thanks to easy access of various facilities like balance check, fund transfer, bill payments and more. Online banking and mobile banking features are same but there are few points to remember while using mobile banking like log in from bank’s website, use OTP while making a transaction, change your password time to time and never ever share your OTP and other account details with anyone.
• Malware and viruses
It is important to take precautions to keep your computer safe from malware and viruses. Fraudsters are getting smart in finding ways to access your personal and financial information online by making you fool. They generally use unwanted and malicious software which is known as malware which is installed in your computer without your knowledge. This happens when you visit some websites or download some data from internet like videos, pictures, files etc. Other forms of malware include viruses, worms, Trojan Horses, spyware and other damaged software. So, you are suggested to use good antivirus software in your computer and also delete unwanted files downloaded from internet every time you are done with online banking transaction.
• Phishing and fraudulent e-mails
Phishing is one of online fraud which is done by sending wrong emails to unsuspecting users. The purpose behind doing so is to steal the personal data of users like their credit card number, passwords and other important information about their accounts. Fraudsters will hack email ids of popular banks and phone companies and will send you fraudulent email message and will request you click on a link and reply your account details and your credit card numbers to do some process and then steal your identity. Therefore, to protect from such a con artist you should never click on links in email messages, recheck about an email from your bank immediately, check the security certificate and sign up for online banking alerts.
• Smishing
This is one of the mobile frauds and a variant of the email phishing scam. In smishing fraudsters uses text messages to fool you into sharing your personal and financial information. In the text message they generally mention that due to unauthorized access or excessive unsuccessful attempts your account has been locked so activate it call on the number provided or link of the internet site provided in the text message. If you find any suspicious message, then immediately stop responding, look for message carefully as banks clearly states that they never send such messages and make a complaint.
• Mobile fraud
Here fraudsters try to access information through various means from your mobile device to know about your personal information and account details. Banking through mobile phones, smartphones or tablets are getting huge popular these days, all thanks to easy access of various facilities like balance check, fund transfer, bill payments and more. Online banking and mobile banking features are same but there are few points to remember while using mobile banking like log in from bank’s website, use OTP while making a transaction, change your password time to time and never ever share your OTP and other account details with anyone.
• Malware and viruses
It is important to take precautions to keep your computer safe from malware and viruses. Fraudsters are getting smart in finding ways to access your personal and financial information online by making you fool. They generally use unwanted and malicious software which is known as malware which is installed in your computer without your knowledge. This happens when you visit some websites or download some data from internet like videos, pictures, files etc. Other forms of malware include viruses, worms, Trojan Horses, spyware and other damaged software. So, you are suggested to use good antivirus software in your computer and also delete unwanted files downloaded from internet every time you are done with online banking transaction.
• Phishing and fraudulent e-mails
Phishing is one of online fraud which is done by sending wrong emails to unsuspecting users. The purpose behind doing so is to steal the personal data of users like their credit card number, passwords and other important information about their accounts. Fraudsters will hack email ids of popular banks and phone companies and will send you fraudulent email message and will request you click on a link and reply your account details and your credit card numbers to do some process and then steal your identity. Therefore, to protect from such a con artist you should never click on links in email messages, recheck about an email from your bank immediately, check the security certificate and sign up for online banking alerts.
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