Everything is modernizing and works are getting easy. All thanks to continuously upgrading technologies. When having food at night is not a big deal and you can easily order it online. Similarly losing money from a bank account is also in trend due to web frauds. What will you expect when 4 digital numbers are guaranteeing to protect your hard money. Hence, it gives birth to all bank and ATM frauds and study shows, in most cases, all these happened due to lack of knowledge of security features provided by banks.
Case Study on Online Frauds.
In a very recent case, one woman from Delhi has become a victim of such frauds. She brought something online and then she returned it. Unfortunately, her amount didn’t credit in her bank account and she wished to raise it to the bank. She searched for a bank customer care number on google and she got a fraud number and after sharing details with him she loses her 40,000 rupees in just minutes. Bank fraud cases are rapidly increasing. As a result, not only uneducated but qualified peoples are also becoming a victim of it. Govt. to Bank, everyone is worried and taking actions against such frauds. Banks are rapidly upgrading technology to ensure prevent such cases.
How to Prevent Frauds? 3 Must Known Steps
Money is something which takes time to kiss your hands but ditches you in no time if you don’t take care of it. Here we have three must known steps to prevent bank account frauds to keep your hard money safe.
1. Sensitive Information Sharing
Majority of cases doesn’t have any hard and fast rule to steal money from bank accounts. It all happens because of unknowingly sharing sensitive information like DEBIT/CREDIT CARD numbers and CVV. Sharing Debit card pin and other information like OTP are the major reasons for such cases. As a result, criminals get successful in their plans. All we need to know the procedure of bank and then after we would be able to understand how we should not share such information with anyone and how we can prevent frauds.
Banks provide you with some private information witch you don’t suppose to share. Debit/Credit card Pin, CVV, OTP number and other information, you never share with anyone. Though, this info helps to withdrawal money from bank accounts. But handing over such info to anyone can induce a fraud. Be careful with whom you are talking and sharing information.
2. Never Use Google.
No doubt Google is a good friend and a philosopher and a trainer and a joker and a teacher etc. But This is something in which you should stop yourself to use google. As we have discussed earlier in a case study on online fraud that using Google may be a reason for losing your hard money. All these fraud people put their contact number on google and they advertise it to rank on the top of the results.
As a result, Human psychology help to choose that contact number and the game begins. They start with asking very basics details like name and phone number and they pretend that they are identifying either you are the owner of the account or not. Though they only want to steal your money. Then they ask for your pin number and OTP. As soon as victims share this info, they got vanish with their money.
3. Cross Identify ATM Machine.
ATM Machine is one of the preferable places for the thief to steal your money. They did it in many ways. Firstly they do coding in the machine and the machine starts getting hang as soon as the visitor enters the password. Visitor thinks there is a problem in the machine and leaves the place. Then they decode the machine and withdraws the amount.
Secondly, They install some chip at the place where ATM Card gets in the ATM Machine to collect the information related to the card and little camera just upside the number pad helps a thief to record password. After that, they use this information to transfer money.
Always take care of these 3 Steps to ensure prevent bank fraud. Your money is your sweat and blood, Don’t lose it for such silly mistakes. Always make a strong password for net banking and never share such information with anyone. When it comes to money, Never believe anyone.
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