Consumers can fortify their cards against fraud by following small steps. Rimme Dirchi throws light on some of these measures
This isn’t a coincidence, with the world becoming a “global village” —a term, which Marshall McLuhan popularised in his books. In his 1964 book Understanding Media, McLuhan spoke of “...one world that is interconnected by an electronic nervous system.” Closer home, the Digital India Programme has been a flagship programme of the Government of India to turn the country into a more digitally synchronised society.
With greater thrust on financial inclusion, there has also been a surge in cases of fraudulent transactions. Hence, customer protection to mitigate risks has taken front seat for banking institutions.
In order to analyse customer behaviour and patterns, banks use big data. It enables banks to track factors like how often a user typically accesses an account and the geographic location from which the user most often accesses an account. This helps them spot frauds.
Bu hikaye Outlook Money dergisinin February 2018 sayısından alınmıştır.
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Bu hikaye Outlook Money dergisinin February 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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