Every few days, there are alerts about fake banking apps. Last month, security firm Sophos Labs warned against fake apps of SBI, ICICI, Axis Bank, Citi and other leading banks are available on Google Play. These apps are said to have stolen data of thousands of bank customers.
Another big ‘No’ is clicking on links in emails or SMS to access your bank or any other online destination. Always, open the browser and type in the website address/URL yourself.
These days fraudsters often try to trap innocent card owners by making them reveal their card details online. Never ever reveal any card-related information to anyone online, how genuine he/she may appear on phone/email.
Yes you can erase the CVV number at the back of your card. Of course, you will have to memorise it before doing this. This will ensure that your card cannot be used to make unauthorised financial transactions in case it falls in wrong hands.
Reserve Bank of India (RBI) has made 2-factor authentication (2FA) mandatory for domestic credit card transactions, however, the same is not required for international transactions. In case of domestic transactions at point-of-sale (PoS), the PIN works as the 2FA while for online transactions, the OTP is the second security layer. However, in case of international transactions, the second-factor authentication is not required. Also, note that if you have an international credit card, international usage is enabled by default. So, to be on the safer side, you can disable the international transactions entirely if you have no plans to travel abroad.
This is basic. Always look for the ‘https’ in the URL before making any financial transaction.
Almost all banks now offer the facility to use virtual keyboards while entering passwords. So, it’s advisable to use virtual keyboards rather than physical keyboards to protect yourself from keyloggers.
It’s always easier to have auto-filling of forms data setting enabled. It saves time while doing several online tasks. But, never enable it for online transaction-related data and forms. As this means you are saving your financial data.
Do online transactions only from personal computers/laptops. Never use a public or shared PC/laptop to do online transactions.
Never save banking details or card information on Gmail or Google Drive. Recently a Delhi resident lost Rs 1 lakh after his Google account got hacked. As the Google account was synced with his mobile number and credit card, hackers made three transactions with using these details.