HDFC Bank warns account holders of cyber fraud; shows how to stop loss of money

With the aim of avoiding Covid-19 virus, most people are avoiding cash and moving towards digital payment – online banking. Since this has caused most money transactions to move to net banking, it has invited cybercriminals and led to increase in cyber fraud! Keeping this in mind and in a bid to alert its account holders, HDFC Bank has warned them of the rising threat of cyber frauds. Not just that, HDFC Bank has even shared tips on how to stay safe while doing online banking. Most of the time when cybercrime happens, it is the account holders who unwittingly divulge their secret information regarding their bank account to strangers.

Account holders should know that fraudsters have become more advanced and learnt different ways to steal money online. According to the National Crime Records Bureau (NCRB), the number of cybercrime cases recorded an 11.8% increase in 2020 from the previous year.