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Showing posts from February, 2020

How to file a complaint regarding ATM skimming, net banking, debit or credit card fraud

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With the increase in the digital way of life, especially when it comes to Electronic financial transactions, the risk of financial frauds cannot be ignored. A fraudulent online transaction  in one's bank account, debit or credit card could be because of e-mail spoofing, phishing or it could have been an act committed by cloning one's card. OTP Fraud has become an easy way for  fraudsters  to make quick money. Lakhs of Indians have fallen prey to this fraud and lost crores of rupees. Even though government and banks have been alerting citizens not to provide bank details and One Time Passwords (OTPs), victims of OTP  frauds  are on the rise. If you read newspapers, there would be at least one such case a day. ATM skimming is a theft of card information, where a small device, known as a skimmer, is used to steal the information during a legitimate ATM transaction. As the card is swiped at the machine, the skimmer device captures the information stored on...