In today’s digital age, most people prefer making digital payments as technological advancements continue to progress rapidly. However, along with the increasing conveniences, cases of online fraud are also on the rise. Your small mistake could lead scammers to access your bank account, posing significant risks to your financial security. Cybercriminals employ various methods to steal money from your bank account, including the notorious money mule schemes that have recently come to light. By trying out some preventive measures, you can safeguard your bank account from fraudsters.
1. Avoid Sharing Bank Account Deta
Never share your account details, passwords, or any other sensitive information with anyone. Avoid entering your bank account details on any unfamiliar website. Also, refrain from sharing your account details via email or phone number.
2. Keep an Eye on Transactions
Monitor your bank account transactions closely. If you notice any unusual activity, such as large transfers or withdrawals, immediately report it to your bank or relevant law enforcement authorities.
3. Utilize Bank’s Security Features
Most banks provide tools and systems to prevent fraud. Take advantage of these security features to protect your account from scams effectively.
4. Exercise Caution with Job Offers
Scammers lure individuals into their schemes by offering fake job opportunities. Be cautious when receiving job offers from unknown sources, especially if they involve monetary transactions.
5. Link Active Numbers to Your Account
Ensure that you link only active phone numbers to your bank account. This ensures that you receive timely updates and alerts regarding your account activity.
6. Avoid Sharing OTPs
Do not share One-Time Passwords (OTPs) received on your phone. Sharing OTPs can be a tactic used by scammers to gain unauthorized access to your account. Even RBI bank employees advise against sharing OTPs.
By following these steps and remaining vigilant, you can significantly reduce the risk of falling victim to bank account fraud. Stay informed and proactive to keep your hard-earned money safe from cyber threats.