Skip to main content

Do not answer to emails asking you to update Bank Account data

PHISHING is on the rise in India. A large number of bank account holders continue to lose money due to phishing attacks. According to IBM-X Force Trend and Risk Report 2010, which is based on the study of global networks, India tops the list when it comes to origins of phishing emails and has a global share of 15.5 per cent.


Although, the number of phishing emails originating in India is high, phishing URLs are mostly hosted in other countries. Banks and financial institutions are the main targets of fraudsters.

There have been phishing attempts at top private and government banks. A large section of customers of these banks got emails asking them to update their account details. Several customers of these banks responded to the mails and lost money. If you lose your money due to phishing, banks are not liable to pay back your money.

If a fraud has occurred because a customer compromised his password and personal details, a bank will not bear the loss of the customer. It is the job of the customer to protect his bank details.

How can you recognise a phishing mail? You would see a message in your inbox from your bank with which you have an internet-enabled account asking you to update your account with your personal information, passwords, usernames /login ID, ATM PINS and credit card details on the pretext of upgradation of server of the bank. You will be asked to click on a link. By clicking, you would be linked to a website that is identical to your bank. If you are smart enough, you would realise that this is a trap to get your vital information to make fraudulent transactions.

A few months ago, fraudsters in garb as officials of the Reserve Bank of India (RBI) send emails to people asking them for their account details. The fraud came to light after people reported that they have received an email from the address update @rbi.org.in, which was suspicious.

The Cyber Emergency Response Team of India blocked the fake RBI website, while the RBI on its website alerted people not to fall prey to the phishing scam and alert the police and their bank if they have shared their bank details.


Simple steps to avoid falling prey to these scams: Most phishing emails come with a warning that if you don't give your personal information, your account will be deactivated. Always be suspicious of mails that ask for your personal information.

Do not click on the link provided in the email. If you closely observe, the link would be a fake URL with a fake email address for instance ICICI.bank@gmail.com, which is not the correct address of ICICI Bank, or sbicustomerservice @hotmail.com.

Do not give any confidential information such as password, customer identification number, credit/debit card number, personal identification number, date of birth to any email request, even if the request is from government authorities like the income tax department or any card association company such as Visa or MasterCard.

Do not open unexpected email attachments or instant message download links.

Always check the web address carefully before sharing any information.

For logging in, always type the website address of the bank on your web browser.

Ensure that you have installed the latest anti-virus or anti-spyware or personal firewall or security patches on your computer or high end mobile phones.

Do not access net banking or make payments using your credit/debit card from shared or unprotected computers in public places.

Do not call and leave any personal or account details on any telephone system, voice message, email or an SMS.

Do not transfer funds to or share your account details with unknown people.

If you smell something fishy, call the bank and the police.
 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now