After following news related to online banking fraud, I became quite curious about what it really is and its types. I figured it\'s very necessary to learn about these as we can become its victims easily. So, what is online banking fraud or how do you define it? Well, any type of fraud which is committed with the help of online transactions is Online Banking Fraud or internet fraud.
Types of Online Banking Fraud and How to Avoid Them:
There are several types of online banking fraud, and here are a few of them.
Card Skimming
Identity Theft
Loan Fraud
Lottery/Gift Fraud
Malware and Viruses
Money Transfer Fraud
Phishing/Vishing/Smishing
These frauds you can avoid by simply taking a few precautions and those are.
We should never disclose our OTP and PIN numbers to anyone.
Banks or other institutions never ask for OTP, PIN, etc. We should remember that and avoid sharing.
It\'s better to disconnect or not receive the call from a person who asks about OTP, PIN, etc.
I believe now you are aware of what is online banking frauds, and how you can avoid it.
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What is Online Banking Frauds?
Brijesh
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10 months
2025-02-13T11:48:51+00:00 2025-02-13T11:48:51+00:00Comment
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