With digitalisation people too easily are more susceptible to scams like cloning, phishing, cyberstalking, fraud, malware attack, email spoofing, cyber extortion, and loss from IT theft. While Large banks just like SBI, ICICI Bank, HDFC Bank, and Yes Bank keep warning their customers showing red- flags from time to time to stay safe and make themselves conscious of frauds like these.

What do we mean by Credit/Debit Card Fraud?

A Card Fraud counts on Credit/Debit fraud, MasterCard fraud, Online fraud, UPI, UPI fraud cases, UPI fraud transaction, UPI fraud prevention, HDFC bank, AnyDesk, Team Viewer, UPI and Collect Request, and fund transfer. It is a process where the money is transacted without any intimation to the card owner in malicious ways.

The commoners should be more cautious towards the information shared on social media considering the frauds associated with cards and digital transactions are always evolving with the days. It is recorded by the National Payments Corporation of India (NPCI) that in the previous financial year with the largest breach that occurred in the 90 ATM has left a massive impact on the Indian economy where the customers lost around Rs. 1.3 crore due to deceptive transactions.

What are the common mistakes that lead to Cyber Crimes in Credit/Debit Card Frauds?

1. Sharing card number and card expiry date, CVV number, OTP, card PIN or Internet banking password with any person posing to be a bank employee should be avoided.
2. Not to entertain calls which announces you with luring offers like reward points, gift vouchers, holiday coupons and lottery etc.
3.  While using internet banking, check for HTTPS: when accessing your account.
4. Always disable international usage if you're not travelling. this manner you limit yourself from out of the country scammers. It is often done through the mobile banking app, net banking or by calling the customer care of the bank.
5. Review your card and bank statements regularly, and just in case of any discrepancy, report it to the Bank.

How can Online Legal India™ help you?

If you too have lost money while using Credit and Debit Card. Worried about your money, we can help to get a refund instantly. We have a huge team of a legal concierge who would resolve your issue as well as file a Consumer Complaint against Cyber Crime on the Credit and Debit Card Fraud and would work on it until your gratification. One can also indulge active services like taking Legal Advice or issuing a Legal Notice for Cyber Crime with facts, proves and statements. Our learned legal advocate team will help you draft one legal notice and send across to the accused party.