If you check the recent data, you will learn that phishing scams have increased significantly in recent years. More and more people are facing these scams. Criminals are finding new ways to cheat ordinary people and if you don’t have much idea about these scams, it is hard to tell the difference.
In this blog, we will try to uncover the tactics used in Phishing scams, how to avoid getting robbed, and some tips that will improve your financial security. Talk to an expert who will explain to you the DSA full form and many more major aspects regarding the use of credit cards and more.
Understand the Basics of Phishing Scams
Does this ever happen to you when a person tries to impersonate himself as an executive of a bank and asks you about your bank details to solve some of the imaginary problems? This is a regular phishing call that millions of people get every day.
Whenever you have this type of call, don’t share any financial details with the person on the other end. Your bank details, credit card details, OTPs, or other numbers are strictly personal. You mustn’t share any of these details with anyone in any circumstances.
Different Types of Phishing Scams Are Running in India
Before learning about the precautions, we need to understand some of the most popular phishing scams currently running in India.
Banking Frauds
Bank scams are the most common in our country. People usually try to pose themselves as someone working in the bank. In the call, they will create a fake urgency by saying something like your bank account has been frozen or something like this. Their aim is to rattle you and find out your bank details.
Prize Scamming
Are you familiar with lottery scamming? If you check your inbox, you will see some messages telling you that you have just won a big amount of money. To get the money, you have to fill in your banking details. This is a common scam. Once you share your details, they will find ways to make your bank account empty.
Phishing Related to Taxation
Tax scams are also quite common. You need to remember that officials from the IT department don’t call someone and ask for any details. If they want to contact you, they will send you proper notice and mail. When you are aware of these things, you shouldn’t not bother much.
E-Commerce Phishing
We all love to buy items online. During the shopping, we often save our credit and debit card details on these apps and websites. When many people are using the same system, you should immediately delete all the details from it. In fact, try not to click on any link sent to you posed as an e-commerce link.
WhatsApp Scams
Finally, there are WhatsApp scams. Since the coronavirus pandemic, these scams have increased. When you have received a message to get some financial help from your near and dear ones, double-check the request; it could be a possible scam. You will get more detailed information using the DSA partner app.
How Can These Scams Affect You?
Phishing scams can harm you in many ways. Financial loss is a must in these scams. Scammers may also theft your identity and create some nuisance. If you don’t pay attention, your credit score will also take a toll.
How Can We Avoid These Scams?
The following tips will surely help you avoid getting caught in these scams-
- When you have just received a mail or message that you can’t figure out, don’t respond to it. The more you try to deep dive, the better the chances of getting robbed.
- Verify the source of the email or message before responding. Without checking the legitimacy, we shouldn’t share any important information that can harm our financial aspect.
- When you are visiting any website, try to check the https part. When there is that “S”, it means the site is safe to use.
- Don’t ever click on any link without knowing.
- Do you have two-factor authentication for your financial accounts? It will add an extra layer of security around it.
- Finally, don’t ever share OTPs with anyone.
Be prepared and try to follow the tips we have shared in this blog so that you can avoid these traps and keep yourself safe.
