How to protect your banking transactions from cyber frauds
financialexpress.comWith the increase in online transactions, cyber fraudsters are becoming more sophisticated and are unlocking new ways to steal money from your bank account. To steal confidential information they would try to convince you by pretending to update your KYC details, suggesting re-KYC, offering jobs, threatening to block your account or talking about emergencies that do not exist.
Imposters are approaching customers pretending to be bankers, insurance agents, healthcare or telecom workers and government officials. They are seeking confirmation of confidential credentials by offering critical and essential services. In some instances, they put pressure on customers to share information urgently, citing account blocking, emergency, supply shortage
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