Skip to main content

Subscribe

* indicates required

You can Translate article here

What are the new methods of cyber fraud in the world of finance?

Image
By
Today India's largest public sector bank has published some guidelines for internet frauds  and it is worth to share for our visitors too:

""Cyber-crimes are rampant In the financial world today. The digital mode of banking is used by people in every nook and corner of our country. While technology has empowered us significantly, it also reminds us of the old adage– “With great power come great responsibilities.”

Search Engine (e.g. Google) – a new tool for fraudsters

One of the key tools for the fraudsters these days is the “Search Engine.” This utility has become an essential part of our lives. Many of us do not think twice before reposing our total faith on the information provided by these search engines. Google allows users to edit contact details of any establishment such as Banks on Google map and Google search to make their services more useful for users. However, this facility is misused by cyber fraudsters. They change the contact details and related information on Google to accomplish their evil designs. Let’s elaborate the steps of such a fraud which is executed by using search engines.

· A user searches for a branch contact details or information on Google.

· The search engine displays few details along with the mobile number of branch manager or contact details of the branch which have been actually planted by the fraudsters exploiting the algorithm of the search engine.

· The user trusts the mobile number and calls the same for help.

· The fraudster uses the trust factor of the customer and using his skills gains the confidence of the customer to extract all details like debit card number, CVV. In case of UPI frauds, the fraudster manages to get downloaded UPI in the customers mobile. Ask money/request money feature of UPI is rampantly used for siphoning off the money. There are many other modes of UPI as well which will be shared for awareness in the meantime through this space. Primarily, the fraud happens due to sharing of VPA, UPI Pin, or giving access to mobile phone through screen sharing apps in case of UPI.

· Based on the interaction with the customer, mode of fraud (UPI or Debit card) is selected by the fraudster to defraud the customer.

Learning Points

ü Never rely on the results related to bank on any search engine.

ü Always check the official website of SBI (https://bank.sbi) for official and authentic information.

ü Never share your account information with third parties.

ü Do not call any anonymous number displayed on search engines.

ü App pin, UPI pin, CVV number, expiry date of debit card and 16 digit debit card number is for personal use. These should never be shared with anyone in any circumstances.

ü Never reveal your account related information on Social Media.

ü Always interact with verified handles on Social Media without sharing account specific information.

SMS Based Frauds

This is a new kind of fraud which is executed by sending unsolicited SMS to a user. The SMS contains a fraudulent link which prompts the user to submit document. The SMS is framed in such a way that it looks authentic to the users and creates a sense of panic in them. We represent below such an SMS for awareness.

Another way of committing a fraud through SMS which is rampant nowadays is sending an SMS in the name of Income Tax department for claiming refund. The same is also represented below for awareness:-

Learning Points

ü Think before clicking any link embedded in any SMS received.

ü If any SMS prompts you to visit the website of any organisation, make sure you visit the official website only and not a fake one.

ü Never login to our internet banking portal through link shared over SMS or email through any unidentified source. Instead one should type URL of the desired site.

Learning Points

ü Think before clicking any link embedded in any SMS received.

ü If any SMS prompts you to visit the website of any organisation, make sure you visit the official website only and not a fake one.

ü Never login to our internet banking portal through link shared over SMS or email through any unidentified source. Instead one should type URL of the desired site.""


Source: State Bank Of India

Labels:

Comments

Post a Comment

IF YOU LIKE THE POST,PLEASE LIKE FACEBOOK PAGE BELOW.

KINDLY POST YOUR COMMENT BELOW.

Popular Posts of the Week

Big scam-Honda lottery promotion BUSTED

By
HELLO FRIENDS, Today i wanna open a big scam in front of you i.e. HONDA LOTTERY PROMOTIONS. Some days ago on 25 September 2013 i got an email from email address-honda.customerservicedepts@hotmail.com that i have won a prize money of  three hundred and fifty thousand,great Britain pound sterling (355,000.00 GBP),1 laptop & 2 Honda t-shirts. They said that their computer system randomly choose my mail address for being best online from several years. WHEN I READ IT FIRST TIME I WAS SAYING WHAT IS THIS ????????????? I was totally surprised ,here i am providing a pic of that mail You can zoom it by clicking it. After that i just Google on HONDA LOTTERY PROMOTIONS and check it about.After certain investigation on it , i found it as big scam . Now you will be thinking ,i will stop it here. BUT NOT  I just want to know that why are they sending such type of emails. Is it beneficial for sending such type of emails b
11 comments
Read more

GA Study Notes On Cement Manufacturing

By
Manufacturing of Cement Cement is essential for construction activity such as building houses, factories, bridges, roads, airports, dams and for other commercial establishments.The first cement plant was set up in Chennai in 1904.It was discovered by an English Mason, Joseph Aspdin in 1824. He called it Portland cement because he thought that it resembled the limestone found in Portland. Approximate Composition of Portland cement Calcium oxide (CaO) 60-70% Silica (SiO 2 ) 20-25% Alumina (Al 2 O 3 ) 5-10% Ferric oxide (Fe 2 O 3  )         2-3% Raw materials are: Limestone -  (provides lime), Clay -  (provides alumina and silica), Gypsum - (reduces the setting time of cement). For a good quality cement, the ratio of silica (SiO) to alumina Al 2 O 3 ) should be between 2.5 and 4 and the ratio of lime (CaO) to the total of the oxides of silicon (SiO 2 ) aluminium (Al 2 O 3 ) and iron (Fe 2 O 3 ) should be as close as possible to 2. The raw materials for the manufacture of cement
3 comments
Read more

How to Reach Delhi International School Dwarka Sector 23, Delhi 🏫

By
Hello Friends Today I will tell you the path of Delhi international school situated in Dwarka Sector-23, near adjoining dwarka sector-23 Police station, Delhi-110075. So the path direction is as follows: 1. The common metro station is Dwarka sector-9, so if you are from Delhi then you have to pick blue line metro towards Dwarka sector-21 and if you are from outside Delhi, then first you have to reach Delhi first then read the first point again. 2. After reaching at the exit of Dwarka Sector -9 metro station, there will three mode of public vehicle service : a) E-Riksha - 10 Rs/- Fare b) Riksha - 20 Rs/- Fare c) Auto - 30 Rs/- Fare 3. Pick any of above vehicle and reach your destination- Delhi International School, Dwarka. I hope it will help  Thanks for reading and share atleast once.
5 comments
Read more

How to reach Ion Digital Zone, Idz1/2, Nangli Poona, Delhi-110036

By
Hello Friends, It's always been adventure to find new place but sometimes it could be so frustrating too for people who are not aware about this place.  Nangli Poona is small village outside the crowd of busy Delhi and Some exams like RRB conducts its test in Ion Digital zone, idz1/2 near nangli. So I am telling common path which will be helpful to you reach this place.
134 comments
Read more

Fundamental Analysis Check Points for Stock Market

By
1 comment
Read more

Facebook is just a virtual life for the people ,so use it with caution

By
Friends, Today we all know facebook and use it in our daily lives.We also know there is certain rules and regulation of age to join facebook but today a child less than age of 13 creates his facebook account to enjoy the stuff of this virtual social life. The users of facebook are increasing day by day and its popularity is also increasing also.It was started by Mark zuckerberg to connect the world on the same platform.Firstly he had created a dating site in his schooling for which he was later expelled from his institution.But friends that was his talent to create such a wonderful website(facebook) for the world ,and now he is a billionaire. But friends Mark created it for his survival in the world and he succeeded in this.Now he doesn't bother to think about its harmful effects for the society.He will only think about his profits and how to popularize facebook in the whole world . Today we can see many criminal cases are going on with the help of this social networki
Post a Comment
Read more

Physics and Chemistry--Founders

By
1. Archimedes—Invention of the famous Archimedean law, discovery of the principles of lever and specific gravity. 2. Avogadro—An Italian scientists known for Avogadro’s hypothesis. 3. Bacquarrel—Radio-activity of uranium. 4. Baird J.L.—Television. 5. Benjamin Franklin—Lightning conductor. 6. Bhabha H.J.—Research in cosmic rays and quantum theory. 7. Binet—Intelligence tests. 8. Bose, J.C.—Crescograph. 9. Bose, S.N.—Discovery of nuclear particles ‘Boson’. 10. Bohr—Electron Theory, Atomic structure. 11. Bunsen—Spectroscope. 12. Bushwell—Submarine. 13. Carothers—Nylon Plastics. 14. Cavendish—Discovery of hydrogen, rare gases, chemical composition of water. 15. Charles Darwin—Theory of Evolution; Origin of Species. 16. Curie, Madame—Radium. 17. Dalton—Law of partial pressures; Atomic theory; laws of chemical combination; the law of multiple proportions. 18. Democritus—(Greek Philosopher)—Atomic theory. 19. Dewar—Thermos flask. 20. Einstein—Theory of relativity. 21. Eucl
1 comment
Read more

B.J.P looking more social in this election for promoting its party

By
Hello friends, In these election season,B.J.P. (Bhartiya Janata Party) is looking more social to promote their election campagne. They are using all well known social platforms like facebook,Twitter and Google adsense approved websites. Even you can see their ads at some instance on my webpage also. B.J.P. is lead by Narendra Modi who is socially active at twitter.The use of internet is a new way to promote election party which is very important for online users to make them aware about party manifesto. This is a huge change in the history of indian elections because on internet,You are 24*7 present in front of audience. I think other parties should also use this tricks and just use google adwords for this purpose. Happy blogging
Post a Comment
Read more

Google's New Feature for mobile devices-"Mobile Friendly"

By
Hello Friends, Recently Google has introduced a new feature i.e. "Mobile Friendly" for mobiles where a user can know whether a website is mobile friendly or not.
Post a Comment
Read more

Google Adsense Personal Identification Number (PIN) - Fully Explained

By
Hello Friends PIN Google Adsense Photo  Today I will tell you about a important part of Google Adsense program - Personal Identification Number (PIN). As part of Google's effort to protect the accounts of AdSense publishers, they will mail a Personal Identification Number (PIN) to the payment address entered in publisher's account. This PIN must be entered before any payments can be issued to the Payee.
3 comments
Read more

Past Trending Posts