Banking on awareness to tackle cyber fraud

[IndiaInsurance]

https://img.etimg.com/photo/93964107.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/banking-on-awareness-to-tackle-cyber-fraud/articleshow/93964107.cms)Nudged by the Reserve Bank of India (RBI) and the government, banks are making an all-out effort to increase public awareness to check the rise of online fraudsters. With digital transactions becoming simpler and mainstream, fraudsters are finding gullible accountholders a soft target. Bankers say that digital transactions are secure. However, fraudsters use confidence tricks to get customers to either reveal their credentials or respond to a collect request by passing it off as payment.

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