India is moving towards becoming an economic superpower in this decade. And in the process, the landscape of financial institutions, more particularly banks, is undergoing a sea change. Today, technology adopted by banks has empowered customers. Their bank accounts are available to them on the call around-the-clock at a location of their choice. Numerous channels like ATMs, mobile, internet, POS and of course traditional branches are now open for access to carry out transactions. In this scenario, digital banking, on the one hand, has offered great convenience to customers but on the other hand, it has opened the field for fraudulent elements.
While banking has gone through a transformation, there has emerged, on the sidelines, the dark force of frauds related to cyberbanking. Fraudsters are now spread worldwide and operate with enhanced technologies from inaccessible remote locations using new and rapidly evolving methods to defraud bank customers. Senior citizens are the worst hit. Most of them are accustomed to traditional branch banking with very low knowledge of digital banking. Banks do not educate and handhold them in using these new channels. The fear of frauds and loss of hard-earned money weighs heavily on their minds.
Outlined herewith are some of the most common types of digital frauds in practice:
هذه القصة مأخوذة من طبعة June 2020 من Dignity Dialogue.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 2020 من Dignity Dialogue.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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