10 Steps To Steer Clear Of Online Money Fraud

Covid has compelled people across generations to start using online modes of transactions, but with the growing use of cards, apps and online payments, the number of online banking fraud cases doubled in 2020. Even as a lot of people enjoy the benefits of digital transaction, cyber fraud remains a pressing concern, especially for first-time users, which includes the elderly. According to the latest data (2020) from the National Crime Records Bureau (NCRB), there were 2,093 cases of online fraud reported across India in 2019. But within just a year, it almost doubled to more than 4,000. Of all cybercrimes reported involving communication devices, cases of banking and financial fraud were more than one-third. The number of ATM and credit/debit card related fraud cases also went up. While the highest number of cases reported were for online banking transactions, the credit/debit card fraud...