As e-transactions are gaining momentum so are the risk of frauds. Here we discuss the best ways to protect your e-wallet from frauds.
We all are looking for cash alternatives since 500 and 1000 Rs note ban. And there are numerous options as well in which mobile wallets are the most popular. In past few days, digital wallets saw a huge growth.
Through all the wallets are secure but in the age of cyber crime nothing is secure.It's always good to go follow precautions to protect your financial records.Here are 3 tips which can help you in this regard...
Keep your wallet account secure
To use any wallet, you need an ID and password, the login credential is your identity that allows the wallet to make transactions, so never share it with anyone.
Website frauds are common nowadays, so don't download from websites or social pages which are show-casing fake offers to steal your data.Another good idea is changing the password frequently as well as choose a wallet that offers two level security for instance login credentials as well as OTP.
Be aware of email and phone frauds
We have seen several incidents where cyber criminals send fraud mail to gain access to your personal data for a particular offer or info. This could be phishing or spoofing.Never reply or share any personal data including login credentials and debit or credit card data .Always remember, banks or any of their representatives never send customers email/SMS or call them over phone to ask for personal information, password or OTP . Never entertain certain calls and never share any info with them.Simply ignore the fake callers's exciting fraud offers and don't provide any details.
What to do, when you suspect fraud?
If you have noticed suspicious activity with your account then contact the customer care of your bank or digital wallet service provider so that they can take action to protect any transaction from your account.
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Kanjoos Tech
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