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Be Informed to Beat Cyber Fraud!

  • Highlights

  • Cybercriminals use different strategies to commit frauds in India

  • It is important to be aware of the types of frauds to prevent yourself from becoming a victim

  • Tips to stay protected

  • What to do if you have been defrauded

With an increase in the popularity of the internet, the number of cybercrimes has also increased. Over the years, cybercriminals have become more advanced and use different strategies to dupe the innocent. Using various techniques, a cybercriminal can get access to a victim’s personal information and use it for wrong means. At worst, a cybercriminal may cause banking fraud or steal the identity of the victim.

Awareness goes a long way in preventing fraud!

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1. Drive-by attacks 

In this type of attack, hackers look for websites that do not have good security. Once they find a target, malicious scripts are planted into the PHP or HTTP code of any one of the website’s pages. When you click on such pages, your device will catch the malware.

2. Phishing attacks 

Phishing attacks are one of the most common types of tricks used by cybercriminals. This type of attack is used by hackers to steal personal details such as credit card details or login credentials. The hacker impersonates a trusted individual and tricks the victim to open a link and enter the personal details. Such emails have a sense of urgency in them, to trick you into giving out your confidential information such as ID Proofs/Address details/Customer Id etc. For instance, you get an email with a link to click for updating your e-KYC, otherwise your Bajaj Finance EMI card may get blocked. The moment you click on the link, you are re-directed to a lookalike and fake website which may look and read like the legitimate Bajaj Finance website, but it’s not! If you end up keying in your account details, the same will be received by the fraudster’s server resulting in fraudulent transactions on your account. Always check for the ‘lock’ sign before any website URL.

3. Password attacks 

This type of attack is designed to decrypt or steal the password of the victim to gain access to his or her details. Under this scam, the attackers can use various strategies such as Dictionary attacks, Cracking programs, and Password sniffers to cheat the victim. So, it’s always best to immediately change your passwords, the moment you sense something and ensure that your new passwords never resemble your old ones.

4. Eavesdropping attacks

As the name suggests, this attack involves intercepting someone’s network traffic. Eavesdropping is also known as snooping or sniffing. In this type of attack, the attacker steals information that is being sent or received by a computer, smartphone, or other devices.

How to stay protected from cybercrimes? 

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“Prevention is better than cure.” It is best to take precautionary measures while using the internet to ensure that you do not fall victim to cybercrime. Mentioned below are some of the safety measures that you must always follow while exploring the World Wide Web:

1. Use good-quality antivirus software that ensures 360-degree protection 

You will find many antivirus software available in the market. However, not all provide complete safety against all threats. Do your research and invest in good-quality antivirus software that prevents all types of malware including ransomware and viruses. This will ensure the safety of your information, every time you go online.

2. Choose a strong password 

One of the biggest mistakes that most people make is to have the same password everywhere. Experts strictly suggest against it because if one gets compromised, all the accounts will be under threat. Also, do not choose very easy passwords like ‘1234abcd’. Make a complex password with combinations of alphabets, signs, and numerals to keep your accounts safe. 

3. Do not use outdated software

Using outdated software is never recommended, especially when it comes to the operating system and antivirus software. Cybercriminals are experts in their field and can easily break into your computer or laptop to steal all your information. Outdated software might not be able to protect you against modern hacking techniques.

4. Be mindful of what you share on social media

Social media usage has increased and so have social media associated cybercrimes. This makes it important to use social media judiciously and not share all the information with anyone you come across on social media. Also, do not click on ads or offers that are too good to be true.

5. Educate your children about cybercrimes

Children are intrinsically curious. While exploring the web, they might end up clicking on links and ads that have been carefully created by fraudsters. Talking to children and making them understand what should and what should not be shared or clicked is essential.

What to do if you are a victim?

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You should get in touch with the local police authorities and file a cybercrime complaint as soon as you discover that you have been cheated. Delaying the complaint will only increase the risk. Even if the crime is minor, you should not ignore it. You should get in touch with the local police authorities and file. Mentioned below are a few steps you should take if you are a victim of cybercrime:

• Get in touch with your bank/NBFC for getting your accounts and credit/debit cards blocked
• Change all your mobile and internet banking passwords
• Report the incident online at https://cybercrime.gov.in/ or file a complaint at your nearest police station
• Reach us at https://www.bajajfinserv.in/reach-us

Caution - Stay vigilant to stay safe and secure against cybercrimes!

Savdhan Rahein. Safe Rahein.

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