Banking on awareness to tackle cyber fraud

https://img.etimg.com/photo/93964107.cmsNudged 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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