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Gain and loss are just two sides of one coin which are only one click away in the world of online banking. A customer can easily lose money online either while making payments, shopping, or transferring money. But as we say prevention is a cure, and this applies here as well. Our online fraud prevention tips will ensure you and your money is safe online.
Also, we’ll tell you how these online scams work and how to identify those red flags of fraud.
What Are Common Types Of Online Frauds And How Do They Work?
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How To Know, It’s A SCAM!!!
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Online Fraud Prevention Tips
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5. Double check before sending money online.
6. Never use public devices or unprotected networks for making payments online.
7. Avoid sharing any confidential document, online and offline, without double-checking the asking authority.
8. Do not click or respond to fake messages asking for OTP, giving lucrative bonanzas, deals, or loans.
9. Do not scan QR code if asked while receiving money
10. Search for scam word in reviews
Most of the online scams go undetected and unnoticed, these red signs and online fraud prevention tips are thus customers’ only way to protect their money and information.