Another awareness program about Online frauds and the importance of Digital Banking on 15th NOV 2022 at DON BOSCO HALL, 3 P.M.
Mr. Sreekanth VV, Chief Manager, Regional Office, Dhanalakshmi Bank, Chennai.an eye opened session about online frauds and the importance of Digital Banking.
The session started with a welcome note from the Head of the Department of our esteemed institution Mr. Ignatious and He felicitated the speaker.
This program has been compiled about various incidents of fraud reported and complaints received at RBI Ombudsmen’s offices to provide maximum practical information of value, especially to inexperienced or not so experienced, in digital and electronic modes of financial transactions. He explained the need for keeping one’s personal information, particularly financial information, confidential at all times, be-ware of unknown calls/emails/messages, practicing due diligence while performing financial transactions, and changing the secure credentials/passwords from time to time.
He gave information about the ways of online fraud, and modes of money theft are going to happen. He mentioned the following things throughout his sessions: online modes of fraud would happen if we are not aware. Transaction fraudulent are Phishing links, Vishing calls, Frauds using online sales platforms, Frauds due to the use of unknown/unverified mobile apps, ATM card skimming, Frauds using screen sharing apps / Remote access, SIM swap / SIM cloning, Frauds by compromising credentials on results through search engines, Scam through QR code scan, Impersonation on social media, Juice jacking, Lottery fraud, Online job fraud, Money mules.
He made an alert to the non-financial banking companies’ fraudulent activities. Thieves are using many techniques to steal money from people. That is giving Fake advertisements for extending loans by fraudsters, SMS / Email / Instant Messaging / Call scams, OTP based Frauds, Fake loan websites / App frauds, Money circulation / Ponzi / Multi-Level Marketing (MLM) schemes fraud, Fraudulent loans with forged documents.
At the end of the program, he gave precautions to be safe from Online Fraud and how to Operate Digital Banking Safely. “Be aware of crimes and be alert to Digital Banking”. It is the outcome of this program that made wide awareness about online fraud and Digital Banking all over this society through each and every participant.
Mr. Celastine delivered the vote of thanks.