You are at risk if you use WhatsApp, Twitter, Facebook, Instagram, or any other kind of social media. Although social networking is a popular and enjoyable way to stay in touch with friends, family, and coworkers. It also puts you at risk of being a victim of online fraud. It’s a stealthy attack. It is not a direct attack but a covert one that tries to get the user to give up sensitive information to steal their money.
Here’s how it goes. When someone is active on social media, they are frequently bombarded with messages that promise a reward or benefit in exchange for clicking on certain links. Users are informed that they must click on these links to be eligible to receive these benefits. However, specific programs or viruses will be downloaded into the user’s phone or computer as soon as the user clicks on the offered links. These are intended to track the user’s activities and transmit that data to scammers. All training can be quickly followed, and the information is provided to a third party without the user’s awareness.
When asked to fill out forms, users may be prompted to provide several usernames and passwords. Fake documents like this can be found on websites made to look like they’re from a bank or other reputable organization.
Users need to remember a few things to avoid being a victim of online fraud.
- A scam is when a person makes an enormous promise and then begs for money. Remember that nothing is ever given away for free. Those who claim otherwise are most likely out to deceive innocent victims.
- Consider it fraud if someone asks you for your login and password or other private information. No bank or respectable company will ever ask you for this kind of sensitive information.
- Credit and debit card numbers, CVV, PIN, Internet Banking User ID, and Internet Banking Password are banking information that should never be disclosed to a third party.
- Always keep the One Time Password (OTP) to yourself. Your bank account or other personal accounts may have been targeted by scammers in an attempt to steal your money. Anything from your Aadhaar card to e-commerce websites might be included in this category of information.