This man was hit by online bank fraud! Just 1 paisa saved a Rs. 10000 loss; Know here how to stop cybercriminals

While this man was lucky, you may not be. Cases of online bank fraud or cybercrime are rising and you need to follow certain safety tips to avoid them. Here is what you can do.

Know how you can avoid online bank fraud. (Pixabay)

The internet has made everything accessible to everyone with just a click of a button. But not every click can be beneficial. A wrong click, or wrong inputs, by you can land you in huge trouble including loss of money. Internet is increasingly being used by cybercriminals to conduct online bank fraud. Recently a very lucky man from Noida was saved from losing Rs. 10000 to online fraud. According to a report by indiatoday.in, a man named Sunil Kumar, from Greater Noida transferred Rs. 22,000 mistakenly to a wrong bank account number instead of his relatives. This was just the beginning of his troubles and he has no one except himself to blame.

Realising the mistake he made while transferring his money, Sunil immediately informed his bank about the same. But upon not getting any kind of help from the bank, he took to Twitter and asked for help by tagging the bank's official Twitter handle. However, Sunil's tweet caught the attention of the cyber thugs who then contacted him and asked him to download an app. They promised he will get his money back.

Amazingly, fraudsters got Sunil to tell them his bank account details! That is something one is never supposed to do. As soon as they got his account details they initiated a transaction of Rs. 2000, but the attempt failed. They tried again and this time sought to withdraw Rs. 10000. The attempt would have been successful, but for one thing- Sunil had only Rs. 9,999.99 left in his bank account. Since he did not have enough money, he received an alert message from the bank informing him about it. However, what was important was that the fraudsters could not withdraw any money because Sunil was short by just one paisa!

These methods are increasingly being used by the criminals to cheat people and anyone doing online financial transactions must beware of these cybercriminals' activities..

Therefore, people are advised to not to download any suspicious app or share their bank account details or information with anyone. Here are some of the tips you can use to stay safe from cyber or online bank fraud.

How to stay protected from online fraud

Step 1:

Avoid clicking on unexpected links or downloading suspicious apps. You can go to the official website and log in instead. Also check for the ratings and comments before downloading any app. Verify the same thoroughly.

Step 2:

Don't share your bank related details like account number, PIN number, among others with anyone.

Step 3:

Verify the source of call or mail you receive by checking it on the official website or simply online.

Step 4:

In case of emergency, contact the required bank by visiting the official website. You can also get the contact details of the bank on the official website. Don't fall prey to wrong numbers that you can simply get online.

Step 5:

Keep on changing your ATM card PIN at regular intervals and do not share it with anyone.