This year, the Financial Literacy Week by RBI focuses on “Consumer Rights” to educate consumers on their part to have a safe digital banking experience.
“Ignorance is bliss” is a common phrase that falls in the negative of banking or finance related books. Regardless of what we hear every day or read in every passing ad- we all fall short to follow the simplest of steps to ensure a safe online banking experience. An online banking fraud happens when a person (or in this case, a hacker) takes hold of your bank account details to do absolutely anything, from taking out cash to selling details to another party to posing threats to someone under your name.
As our financial transactions become more digital, banking and other financial institutions are making sure to secure their own network and their customer’s money in the best possible manner. But as an individual, it is important to follow few simple steps that ensure security provided by your bank is supported by your diligence and caution.
First and foremost, secure the basics-
Password- Keep it Gibberish, one that no one can predict. Use uppercase, lowercase, numbers, symbols and anything that you can think of!
Log in- Only through secure networks. Do not use the free Wi-Fi available at public places for your banking work. Keep all bank related work preferably at home with your private network or mobile data.
Monitor- Your debit and credit cards are vital mediums for potential hacking. Make sure you always keep an eye out on every transaction and SMS sent by the bank.
More of the above 3, the better- To safeguard your bank account, keep another level of security at every stage. Login with OTP sent to your mobile number, or use secret question to avoid potential hacking at that moment, and do monthly reviews of your bank statements.
Second, understand the enemy-
System attack- A commonly known term “malware” is software designed to infiltrate or damage a computer system without your knowledge. Examples of malware (malicious software) include computer viruses, trojan horses, spyware and adware. Don’t fall prey to such an attack by making sure you have updated anti-virus software that scans everything including emails, on your computer as well as on your mobile phones and tablets.
Email attack- Your bank will never ask you to provide personal information via any email or online communication. Similarly, nobody is ever so rich to just send you money from abroad by only getting your personal information. Do not pay heed to such activities or emails. Such kind of activity is called “phishing” where an individual or organisation tries to acquire your details for a fraudulent act.
Browser attack- Known as “domain spoofing”, this cyber crime interferes during browsing activity, only to reroute you to a fraudulent site. Once there, you are asked to enter personal information, just as with “phishing”.
Thirdly, now that you know the above two, be alert:
Do not share your card or account details- No matter how trusting you are towards the other person; you or the other person might still be unaware whether they’ve been a victim of online fraud. Banking is a personal activity which you should never let anyone else handle for you.
Turn off the Bluetooth- It’s very common to be hacked via your Bluetooth device in your mobile phone. Hackers, once getting access into your phone can create chaos in unimaginable places, including your bank account.
Log out properly- Thinking that by cancelling your browser window, all processes will be shut down is a myth. Always make sure you log out of your profile before exiting the window.
Update your systems- Whether it’s iOS, Android or Windows; your system will always prompt you when an update for operating system is needed- do not ignore it. Keeping your system updated ensures safety against potential threats that change their ways every day!
Online fraud is becoming common day-by-day but so is it’s antidote with various software and techniques. Having said that, at our end, we must ensure conscientious practise of safety measures for a fraud-free online banking experience.Now that you know what to do, spread this knowledge and let’s unite to help RBI attain financial literacy all across the nation this RBI Financial Literacy Week 2018.
47 thoughts on “Safe Digital Banking Experience- How We As Consumers Can Help”
When I originally commented I appear to have clicked the
-Notify me when new comments are added- checkbox and now each time
a comment is added I receive four emails with the exact same comment.
There has to be an easy method you are able to remove me from that service?
The other day, while I was at work, my cousin stole my iPad and tested to see if it can survive a thirty foot drop,
just so she can be a youtube sensation. My iPad is now broken and she has 83
views. I know this is entirely off topic but I had
to share it with someone!
May I simply say what a comfort to find
someone who truly understands what they are discussing on the
internet. You definitely understand how to bring an issue to light and make it important.
More people should read this and understand this side of the story.
I can’t believe you are not more popular because you surely have the gift.
I travel all around the world for work, and it used to be really lonely. Now I can go onto Tinder and have a date lined up in a new city before I even get out of the airport!
Write more, thats all I have to say. Literally, it seems
as though you relied on the video to make your point. You clearly know
what youre talking about, why waste your intelligence on just posting videos to your
weblog when you could be giving us something informative to read?
I have been surfing online more than 3 hours lately, yet I never discovered any fascinating article like yours.
It’s lovely price enough for me. Personally, if all webmasters and bloggers made just right content material
as you probably did, the web might be a lot more useful than ever before.
Highly descriptive article, I loved that a lot.
Will there be a part 2?
I enjoy what you guys are up too. This kind of clever work and reporting!
Keep up the wonderful works guys I’ve incorporated
you guys to my personal blogroll.
I every time emailed this web site post page to all
my friends, since if like to read it afterward my friends will too.
it s excellent blog
Hello there! Would you mind if I share your
blog with my myspace group? There’s a lot of folks that
I think would really enjoy your content. Please let me know.
Hi to all, how is the whole thing, I think every one is getting more from this website,
and your views are pleasant designed for new viewers.
Howdy are using WordPress for your blog platform?
I’m new to the blog world but I’m trying to get started and set up my own. Do
you require any coding expertise to make your own blog? Any help would
be really appreciated!
If you would like to obtain a great deal from this paragraph then you have to apply such
techniques to your won website.
Hey! This is my first comment here so I just wanted to
give a quick shout out and tell you I truly enjoy reading your posts.
Can you suggest any other blogs/websites/forums that
go over the same topics? Thanks!
Does your site have a contact page? I’m having a tough
time locating it but, I’d like to shoot you an e-mail. I’ve got some suggestions for your blog you might
be interested in hearing. Either way, great website and I look
forward to seeing it grow over time.
This is really interesting, You are a very professional blogger.
I have joined your feed and look forward to searching for more of
your magnificent post. Also, I’ve shared your web site in my social networks
Hi there, You’ve done an incredible job. I will certainly digg
it and personally recommend to my friends.
I am confident they’ll be benefited from this website.
I’m no longer positive the place you’re getting your information, however good
topic. I must spend some time learning much more or figuring out more.
Thanks for wonderful information I used to be searching for this info for my mission.
WOW just what I was looking for. Came here by searching for
Coconut Oil Benefits
Hello, I read your blog regularly. Your writing style is awesome, keep up the good work!
Hiya! Quick question that’s completely off topic.
Do you know how to make your site mobile friendly?
My weblog looks weird when viewing from my iphone.
I’m trying to find a theme or plugin that might be able to correct this problem.
If you have any suggestions, please share. Thank you!
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment
is added I get four emails with the same comment. Is there any
way you can remove people from that service? Thanks a lot!
I was pretty pleased to discover this site. I want to to thank you for
ones time for this fantastic read!! I definitely
loved every little bit of it and I have you saved as
a favorite to check out new stuff on your blog.
I believe you have mentioned some very interesting points, regards for the post. 🙂
My brother recommended I might like this website. He was
totally right. This post truly made my day. You cann’t imagine
just how much time I had spent for this information! Thanks!
I went over this site and I think you have a lot of good information, saved to fav 🙂
Like!! Great article post.Really thank you! Really Cool.
I love what you guys are usually up too. This type of clever work and reporting!
Keep up the excellent works guys I’ve incorporated you guys to blogroll.
Hi there! This post couldn’t be written much better! Reading
through this article reminds me of my previous roommate!
He constantly kept preaching about this. I am going to send this information to him.
Pretty sure he’ll have a good read. I appreciate you for sharing!
Very good info. Lucky me I found your site by chance (stumbleupon).
I’ve saved as a favorite for later!
I spent four years trying EVERYTHING in Online Dating, and through a huge amount of trial and error, I produced a system that I will share for you. This book will take you, step by step, through everything you need to know to double, triple or even quadruple the number of women you meet online.
Why people still make use of to read news papers when in this technological
world everything is accessible on web?
It’s going to be end of mine day, however before end I am reading this wonderful article to increase my
Hi! I’ve been reading your weblog for a long time now
and finally got the courage to go ahead and give you a shout out from Kingwood Tx!
Just wanted to say keep up the great job!
Have you ever considered about adding a little bit more than just your articles?
I mean, what you say is valuable and all.
However imagine if you added some great images or video clips to give your posts more, “pop”!
Your content is excellent but with pics and clips, this site could certainly be one of the
best in its field. Wonderful blog!
It’s difficult to find educated people on this topic,
but you seem like you know what you’re talking about!
Why visitors still make use of to read news papers when in this technological globe all is presented on web?
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each
time a comment is added I get four e-mails with the same comment.
Is there any way you can remove people from that service?
Hi to every body, it’s my first pay a quick visit of this website; this webpage carries awesome and genuinely fine data designed for readers.
Have you ever considered creating an e-book or guest authoring on other blogs?
I have a blog based upon on the same topics you discuss and would
really like to have you share some stories/information.
I know my subscribers would appreciate your work. If you are even remotely interested,
feel free to send me an e-mail.
I constantly spent my half an hour to read this web site’s posts all the time along with a cup of coffee.
Very nice post. I just stumbled upon your weblog and wished to
say that I’ve truly enjoyed surfing around
your blog posts. After all I will be subscribing to your feed and I
hope you write again soon!
For the reason that the admin of this web site is working, no
question very rapidly it will be well-known, due to its feature
I will right away take hold of your rss as I can not find your e-mail subscription link or newsletter service.
Do you have any? Kindly let me recognise in order that I could
Hmm it looks like your website ate my first comment (it was super
long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any tips and hints for novice blog writers?
I’d definitely appreciate it.
hi!,I really like your writing so much! percentage we be in contact more about
your article on AOL? I require an expert on this space to unravel my problem.
May be that’s you! Looking ahead to peer you.
Comments are closed.