Going online to buy products or simply to transfer money to family and friends has been a boon for hundreds of millions of people in India. However, there were also fallouts that resulted in the loss of money for many. So many people have turned to online banking or online banking, but since they are not too familiar with the medium, they can be tricked into doing the wrong thing by cyber criminals through malware attacks. phishing.
Mistakes are made and there is a cost to be paid. However, honest mistakes can be rectified, but there are cyber criminals who are always looking for new victims to steal money from. Those who do not know their modus operandi or who trust outsiders suffer the consequences. These scammers use the phishing method to steal money from people who do online banking. There is hardly any threat involved. The crime is to trick and deceive people. It’s mostly about making big promises and appealing to the greed factor to pull off the crime.
However, careful people can avoid phishing attacks. They should see through the schemes of these crooks and avoid their attempts to steal from them. Here we list some points that will ensure that you don’t get scammed by a phishing attack against you. Check these points carefully, they can save you a big loss in the future.
How cybercriminals operate: the modus operandi
1. The intention of cyber criminals is to obtain the secret data of bank account holders (usernames/passwords/OTPs)
2. The modus operandi used is sending an e-mail. This can be via Gmail/Outlook etc.
3. This “spam” email will look exactly like the one sent by your bank. But it’s a fake email.
4. The criminals want the recipient to click on the link in the email.
5. They then ask the recipient of the email to insert the user ID and password on the website that opens.
6. Users are encouraged to click these links to get a big reward/gift.
7. Sometimes the fear of account suspension is created to get the user’s secret account data
How to protect yourself from phishing attacks
1. First, check the link (URL) of the website in your email. It will be similar to your bank, but it will not be the same.
2. You also need to check the URL by checking if it contains the “s” in https://. It means secure.
3. Fake banks or companies won’t have it. They will mostly have this http://
4. If you receive such phishing emails, do not click on any of the links provided
5. Never provide your username/password on suspicious websites.
6. No legitimate bank or company will ever ask you for your username/password and those who ask are trying to trick you.
In conclusion, your internet or telephone banking usernames and passwords are your only secret and should not be shared with anyone, not even your family members. In fact, if you receive a phone call from someone claiming to be from your bank and asking for username/password or even OTP, know that they are a scammer. Just follow these points and you will be well on your way to saving yourself some big losses and embarrassment too!