HDFC Bank warns customers of cyber fraud; Here’s the way to avoid loss of cash

To escape the Covid19 pandemic, most people are switching from cash to digitally paid online banking. Suddenly, most monetary transactions have moved to net banking, which attracted cybercriminals and triggered a wave of cyber fraud! In light of this, HDFC Bank has issued a warning to its account holders regarding the increased possibility of cyber fraud. Not only that, but HDFC Bank also provided tips on how to stay safe while banking online. are account holders who falsely disclose sensitive information about their bank accounts to strangers. Account holders should know that scammers have become more sophisticated and have learned various methods of stealing money online. The number of cybercrime cases increased 11.8% in 2020 from the previous year, according to the National Crime Records Bureau (NCRB).

As online shopping, e-transactions, and web usage rise throughout the vacation season, the danger of cyber fraud grows. Cyber criminals conceive to steal cash during a sort of ways: 1. pretending to be bankers, 2. insurance agents 3. care workers 4. telecommunication workers 5. administration Goals: 1. Get your KYC information, 2. Re-do your KYC, 3. giving new jobs 4. Threaten to dam your account 5. Claiming pretend emergency. Here' the way to stop cyber fraud: As a result, HDFC Bank used Twitter to warn shoppers regarding cyber crime. per the HDFC Bank statement, “While looking online, keep alert & follow #MoohBandhRakho once asked for banking info from unknown sources. Avoid giving out sensitive information on unproven payment pages.” 1. never provide your PIN or OTP to associateyone keep in mind that receiving cash in their checking account doesn't need you to validate your account with a PIN or an OTP. Any request for an OTP/PIN ought to straight off raise an alarm. keep in mind that your bank or the other establishment would never ask for personal information. 2. don't click on unknown links Not everything that glitters is gold. If the offers seem to be too sensible to be true, they possibly are; shun them. you will be sent to phishing websites if you click on questionable links, inserting you in danger of changing into a victim of identity theft. 3. Use solely official bank websites Customers are oftentimes given incorrect client service numbers, leading them to feel they're speaking with a bank or insurance firm staff. Before contacting them, ascertain their phone numbers. 4. ne'er build payments on unknown portals Fraudsters oftentimes try and clone official websites, that need customers to submit their checking account info, debit cards, credit cards, and alternative personal information upon registration, leading to a lot of scams. Be cautious of such websites; double-check the logos, user interface, and other characteristics to examine if the location is real or a clone. If you think phishing, never provide out any personal information. “If you keep alert and follow these easy steps, your cash are going to be safe with you,” Ravi Santhanam, Chief selling Officer of HDFC bank aforementioned during a statement.