Online fraud

Online fraud should be avoided at all costs; here are ten suggestions

# Headlines

Online fraud: The festive shopping season has arrived, and people are going on a spending binge, much of it online. But be on the lookout! Criminals lurk online, and you must be aware of their methods of extortion (online fraud), so your money does not go missing. Be aware that not only online shopping is a pretext to steal from you, but so can bank loan processes, discounts, and cashback offers.

The festival of Diwali is the time when most Indians buy their large-ticket items, as well as their little ones. During this time, people buy everything, from houses to cars to electronic gadgets. Many people are reluctant to do their shopping in public locations like malls. This is due to the Covid-19 pandemic that is still present in our population. They’d instead buy things online. It’s simple to accomplish from the convenience of your own home. You won’t even have to deal with carrying shopping bags as they’ll be brought to your door. While paying with cash in a store and seeing and touching the object would keep you safe, purchasing the same thing online could land you in hot water due to the prevalence of cybercrime there.

The problem is that cybercriminals have discovered that only a tiny percentage of individuals bother to verify the website’s legitimacy from which they purchase or make a payment. Fake websites for banks, e-commerce, and other businesses can be found all over the internet. Many of them look practically authentic. Fake websites regularly succeed in luring unsuspecting victims into handing over substantial sums of money to hackers. Of course, they will never see their money again.

To avoid becoming a victim of one of these online fraud, we’ve put together this list of the best ways to shop online safely.

Suggestions to keep in mind to avoid online fraud

  1. Do not talk to strangers who phone and make unbelievable offers to get your attention. These deals are almost always scams.
  2. When communicating with others through phone, SMS, social media, or email, do not give out personal information about yourself to them.
  3. Never give out your username, password, or one-time password to a stranger.
  4. Avoid using Google Search to locate a retail company’s website. The one on top may be a hoax.
  5. No matter how many times someone calls and asks for your One-Time Password (OTP), don’t give it out to them.
  6. All of your online accounts, including email, social media, and banking, should use two-factor authentication.
  7. Anydesk and Quick Support are two examples of remote access software that you should avoid installing unless you really require them.
  8. In order to receive notifications whenever a transaction is made on the account, register your cellphone number with your bank.
  9. When using Twitter, look for the blue checkmark to see if an account has been verified.
  10. If you receive an email with a link to a payment page, do not click on it. It’s most certainly a online fraud.