E-Banking Fraud: Money 2.0 Conference Shares Tips To Avoid Them
Table Contentsof ❖ What Is E-Banking Fraud? Common Ways How You Lose WhatMoneyTo Do If You Are ProtectDefrauded?Yourself From Online Transaction Fraud
What Is E-Banking Fraud?
What causes this to happen? A renowned financial summit, Money 2.0 Conference, discussed the fraud, and experts quipped that there are several means and motives of the fraudsters to execute such a nefarious activity to rip victims off their money.
● Online banking fraud occurs when a criminal gains access to a victim's online bank account and makes money transactions. In some circumstances, a criminal may trick a person into sending a fraudulent money transfer on their own.
Common Ways How You Lose Money
Fake emails with malicious attachments steal your computer's financial data.
FakePIN. emails, also called "phishing" emails, direct you to websites where your login information is stolen.
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Frauds that claim to deposit money into your account but
As mentioned is some of the most prominent finance events, here are some of the scenarios you might experience include the following:
Fake bank calls intended to steal your card information or
When you use your credit or debit card in a store or restaurant, it could be duplicated.
What To Do If You Are Defrauded?
Financial experts who attended the international finance conference like the Money 2.0 Conference shared a few tips that you can do if you are defrauded by the adversaries→
can also accomplish this online in some states using a portal rather than in person.
Most banks employ personnel specifically for situations like this.
If you are still dissatisfied after receiving the bank's final
If you have experienced a loss, you must contact the banks immediately by phone (better) or email. Don't forget to write down the complaint number and use it to follow up on your issue. At each ATM, the phone numbers for the help desks are also visible.
Criminal proceedings typically take longer and don't just award you compensation; the culprit also faces jail time or a fine.
The pertinent contact information is on the back of your card and on the bank's website.
Protect Yourself From Online Transaction Fraud
identifiable information, such as birth dates, and use unique passwords. Regularly alter the password you use for online banking.
If you do open a website that you think is legitimate, make sure it has the padlock icon next to it and double-click on it to view the site certificate before entering any sensitive information.
Avoid clicking on links in shady emails, and ensure sure your computer is protected by up-to-date antivirus software.
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● Never divulge private financial information to anyone, even those posing as authorised bank representatives (PIN, internet banking passwords, etc.).
For all online transactions, enable One Time Password, and sign up for email and mobile alerts to receive transaction
For more information to avoid the e-banking fraud, you can follow up on any upcoming international financial conference to learn from the experts of the field.
Thank You! This Presentation Is Prepared By Jhanvi Saxena Manager, Money 2.0 Conference