Net Banking Scams: Common Types & How to Stay Protected

Introduction, A Growing Threat : Net banking frauds are rising rapidly, with tech-savvy scammers targeting users via phones, links, and apps. From phishing to fake QR codes, your money is always at risk if you’re not vigilant. Here’s how these scams work, and what you can do to stay safe.

Phishing & Fake Websites : Scammers create fake bank websites that look real. They trick you into entering passwords, OTPs, or card details. These often come through emails or SMS. Always double-check URLs and never click unknown links. Bookmark your bank’s official website and use official apps only.

Smishing & Vishing Attacks : Fraudsters use SMS (smishing) or phone calls (vishing) claiming your accounts are at risk or a transaction has failed. They create urgency to steal your OTPs or banking info. Never share passwords or OTPs, even with someone claiming to be from the bank.

Fake Apps & QR Scams : Fraudulent banking apps and malicious QR codes are new-age traps. Installing fake apps gives scammers full access. Scanning random QR codes can send your money to them. Download apps only from verified sources and always double-check payment receivers before scanning.

SIM Swap Fraud : SIM swap scams involve hijacking your mobile number. Once fraudsters get control, they intercept OTPs and reset banking passwords. You lose access and money. Set a SIM PIN, avoid oversharing online, and report sudden signal loss immediately to your provider.

How to Stay Protected : Use strong passwords, enable 2FA, keep devices updated, and never use public Wi-Fi for banking. Monitor your accounts regularly. Be cautious of unsolicited calls and texts. Cybersecurity isn’t a one-time setup; it’s a habit that keeps your money and identity safe.

If You’re Scammed, Act Fast : Report immediately to your bank and cybercrime portal. Save all messages and screenshots. Early reporting increases chances of recovery. Call 1930 (India’s cyber helpline) and file a complaint at cybercrime.gov.in. Quick action can limit damage and maybe even save your funds.

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