It’s very distressing to read very often in the media that innocent bank account holders being duped by unscrupulous and cunning elements using fraudulent means. Most of the recent victims have been those who are having Credit Cards, ATMs or Internet online banking facilities. This does not mean that there have been no frauds or illicit withdrawals from accounts maintained with the banks. In such cases there have been inside connection or someone working in the bank acting as an accomplice. Sometimes there have been even cases of forged cheques by relatives or close friends.
Nowadays cybercrimes have become very common and account holders are duped by totally unknown people who, by using their advanced technical knowledge are able to hack into their bank accounts. Such hackings are very complex and happen mostly to those accounts having huge sums of money in their balances.
Also of late there have been cases where account holders are coaxed to part their PIN in case of CCs, ATMs or to disclose the passwords of their internet banking accounts. These kinds of heists are committed by individuals who need not be tech savvy but are extremely efficient and deft in Influencing the victim and convince him/her to disclose the PIN or passwords through mobile chats, SMS or Emails. What is to be remembered that such kinds of duping is totally avoidable if a person uses caution and presence of mind. The bank where the person is maintaining the account constantly sends warning messages via mobiles or emails not to disclose the PIN or password to anyone and no employee of the bank will ever ask the clients their pin or passwords.
In spite of this many people including educated ones fall prey to the machinations of cunning individuals and lose large sums from their bank accounts. However no-one can deny that the modern facilities of credit cards, ATMs, mobile banking and internet banking far outweigh the number of cybercrimes and hence are becoming popular with the people on account of ease and convenience they offer.
So eternal vigilance from the part of the customer is the price of banking security.
