Fraud is rampant ahead of Eid, here are 5 types of balances that could be stolen
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- There are several modes of fraud that can result in your balance being compromised.
Firstly Phishing, fraudsters try to get your personal or login information through fake emails or messages that look like they are from financial institutions or other legitimate companies.
After getting this information, they can access your account and compromise your balance.
Then Skimming, a technique where fraudsters install illegal devices on ATM machines or card readers to steal your credit or debit card information.
They then use that information to access your account online and compromise your balance.
Fraudsters can also use malware or viruses to infect your device and steal your personal or login information.
With this information, they can access your account online and compromise your balance.
Fraudsters can also steal your identity through different identity theft techniques, such as phishing, keylogging, or hacking, and then use that information to access your accounts and compromise your balance.
Fraudsters may conduct unauthorized or suspicious transactions using your credit or debit card information that has been stolen or obtained illegally.
They can use this information to purchase goods or services online or offline and compromise your balance.
To protect your balance from fraud like this, it is important to remain vigilant and take appropriate security measures.
Ahead of Eid, several balances or sources of funds that are vulnerable to being lost due to being hacked or misused by irresponsible parties include:
1. Bank Balance
With increased banking activity and online transactions ahead of Eid, there is a risk of fraud or data leaks which could result in your bank balance being compromised or misused.
2. Credit or Debit Card Balance
The use of credit or debit cards increases sharply during Eid, which makes them vulnerable to misuse or theft of card information which can lead to loss of balance.
3. Digital Wallet Balance
The use of digital wallets or electronic payment applications increases rapidly during the Eid period, and this can increase the risk of misuse or leakage of account information which can result in loss of balance.
E-wallet ()
4. E-Wallet Balance or Receipt Application
If you have a balance in an e-wallet or electronic money receiving application, such as GoPay, OVO, or DANA, there is a risk of losing your balance if your account is hacked or misused by an irresponsible party.
5. Investment Balance
If you have investments in the form of shares, mutual funds, or other investment instruments, there is a risk of fraud or identity theft which could result in the loss of your investment balance.
To protect your balance from potential loss or misuse ahead of Eid, make sure to take the necessary security measures, such as:
1. Use strong and different passwords for each of your online accounts.
2. Enable additional security features, such as two-factor authentication, if available.
3. Avoid accessing online accounts or conducting financial transactions over unsecured public Wi-Fi networks.
dangers of using public wifi during m-banking transactions ()
4. Regularly check your account activity and balance to detect suspicious activity.
5. Keep your personal and account information confidential, including credit card numbers, PIN numbers and passwords.
6. Report immediately to the authorities if you suspect any suspicious activity or transactions on your balance or account.