Online banking frauds are on the rise. With fraudsters using various channels to trap user’s it becomes necessary to take preventive measure to avoid such frauds.
Here are some methods which they use and to avoid them.
Juice jacking: fraudsters install malware/spyware using chip embedded at public charging spots.
This chip copies your sensitive data and install malware on your smart phone whenever connected. And it connects to your bank account in order to steal your m oney.
Phishing: fraudsters send malicious links via email or SMS.
They send malicious link via SMS or emails that asks recipients to share his or her confidential details such as Greek card details ATM card UPI PIN debit card number and CVV.
Refund on online transaction; in this method fraudsters claim to be calling from a popular e-commerce platform and offer refund on any recent online transaction made. they try to trap the online shopper by promise of refund and take his or her bank or credit/debit card details.
KYC check: this is another common online fraud that many people have fallen to in fact Paytm has warned its user against k y c fraud this comes starts with a call from someone claiming to be a customer service officer from your bank. The caller tries to scare you by saying that your bank card or Paytm account will be blocked or something similar. The entire aim is to convince you to download remote access apps like any Desk or team viewer.