No bank, financial institution or genuine company ever solicits confidential information like OTP or CVV from its customers
Know all the things related to fishing
Digital means of payment have grown in popularity in recent years. Due to COVID-19, its trend has seen a lot. Although this has increased the convenience of the customers, but at the same time there has been an increase in the incidents of fraud in retail financial transactions. Gangs grabbing money from common people are inventing new ways of cheating. Those who are new to digital payments and are not yet fully aware of its nuances become easy victims of this phishing attack.
Let us try to understand the phishing attack and know what is the way to avoid it? The Reserve Bank of India (RBI) has already released a detailed booklet on the subject.
What is a Phishing Attack?
Phishing attacks have become the most popular medium of online fraud these days and people are easily falling prey to it. Usually this is done via email. In this, deceptive or deceptive emails are sent, where the fraudsters masquerade as a legitimate company and somehow persuade people to give their personal details or login information. Sometimes people even give their passwords. Such tricks are also adopted in phishing in which people click on a link. In this link, malicious payloads (specific types of viruses, etc.) are installed. With the help of which the fraudster can easily get your information.
However, nowadays phishing attacks are being carried out through phone calls and messages and are called ‘vishing’ and ‘smishing’.
Types of fishing:
Email phishing: This is the most widespread method of phishing. Where the person committing the fraud assures the people that he persuades the legitimate person or employee and the people to give their information.
malware phishingLike email phishing, the person doing the fraud in this also deceives people by clicking a link or downloading an attachment. Through this, he installs the malware in the respective device.
Smishing: In this, the malicious link is sent to the smartphone users. Where there is false information about account notification, price notice etc.
Vishing: These days voice phishing or vishing is increasing very fast. In this, the fraudster, pretending to be an employee of a bank or any institution, convinces people to give information related to his bank account or credit card. To prove their truth, they often create third-party websites. This website is made like a certified website to trick people. During this the link is sent through email or SMS. When the customer is unable to pay attention to these things, then he gives his confidential information. Sometimes the fraudster also calls or MMS citing emergency, so that these confidential information can be verified.
No person should click on unknown link sent over mail or SMS and it should be deleted immediately. Customers should check the website before providing any confidential information. It should be noted that no bank, financial institution or genuine company ever solicits confidential information like OTP or CVV from its customers.
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