About Net Banking Frauds

It tells about the different ways in which net banking frauds are committed and also informs how a person can avoid such situations.

What is net banking?

It allows you to access your bank account online. You can check account details; make purchases, print statements, pay bills, transfer funds, track purchases and schedule recurring payments through the option. Normally, the user identity is the customer identity number and a password is provided to secure transactions.

Net banking frauds

Money from one account is transferred to another using the original account holder's password and id. This can be done in various ways.

PHISHING

A person's personal details are obtained by fraudsters posing as bankers, who float a site similar to that of the person's bank. They are asked to provide all personal information about themselves and their account to the bank on the pretext of database up gradation. The number and password are then used to carry put transactions on their behalf without their knowledge.\

COURIER THEFTS

There have been several causes where conmen have colluded with courier delivery boys to steal internet banking aids and passwords before it reaches the customer.

HACKING

Here, personal data is stolen through hacking. The fraudster needs to be an adept cyber criminal who can steal information stored or transacted in any computer. Sometimes, a spy ware is installed in a computer to gain access to all kinds of files.

STEALING DATA FROM PUBLIC COMPUTERS

Using net banking services at cyber cafes leaves one vulnerable to data thieves.

What do the banks say?

Banks say that appropriate up gradations are carried out from time to time by their IT departments for risk mitigation. They issue instructions to the customers to manage their accounts through virtual keyboards by way of which the characters typed by them are not identified by hackers. SMS alerts are also an important tool since any transaction carried out on account is reported to the account holder through an SMS.
Securing an account

1. Avoid online banking on unsecured systems and operate only from PCs at home
2. Never reveal password to anyone. Do not even write it on a piece of paper or diary. Just memorize it. It should be alphanumeric and also change it frequently.
3. Never reply to queries from bank online about account or personal details. The personal information should not be kept in a public computer or in e-mails.  

Significance of Online Marketing

It emphasizes on the significance of online marketing in the present internet savvy generation.


With the booming field of online purchase and sale, online marketing has gained a lot of significance in the past few years. With the passage of time, the level of competition in this field has also increased giving it the form of a business. Everyone tries to be more effective than the other and make a niche in the field of online marketing.

The increased craze for online marketing has also forced the offline companies to replan and their business strategies and makes a place in the online market to win the attention of the customers and attract more and more customers towards them. With rise in computer literate population all over the world, it’s essential for any company to focus on its online presence for selling its products. For this, it’s must for the companies to hire marketing personnel with digital expertise.

Cost Effective and Time Saving Method

Both cost and time factors have made it more convenient for the customers to purchase the products online rather than spending time and money in visiting the dealer. The availability of services with the products has even added to the ease of the customers making them more addicted to online shopping.

Now days, the companies are not dependent on advertising campaigns of their products for attracting the customers but, just need to make their presence felt on the internet which is enough to woo the customers.

Apart from this, the online availability of the products have also helped the companies in knowing the outcome of any advertising campaign which was not possible in the traditional media which mainly focused on printing and broadcasting methods.

Free from Restriction of Time and Place

The online marketing is not only limited to increasing the web traffic for a company but, also helps the business of that company to grow by more and more customers following them on the net.

The best part of online marketing is that it is free from the restriction of time and place which enables it to be accessed from anywhere and anytime and remain in touch of the world market every second.

Provides Instant Feedback of Customers

Online marketing is the most beneficial and easiest way to grab the attention of the net addict modern generation which loves to shop online. It helps the businessmen to see the immediate reaction of the target customers and even read their feedback about the products. It gives a good chance to the business owners to modify their products according to the requirement of the customers.

A Necessity of Modern Internet World

It is must for the businesses to choose online marketing as it is not a trend but a necessity which will become stronger with time and with more internet users. Internet has not only changed the way how people communicated with each other but, has also changed the shopping style of the people who love to do online searches at the comfort of their homes. So, online marketing has gained a lot of significance in the past few years and will continue to rise more as it is both cost effective and time saving not only for the customers but, also for the businessmen.