Demonetisation: In cashless age, hide vital data

Hyderabad: Following the demonetisation drive, the use of m-wallet, m-commerce and credit/debit cards has increased by up to 400 per cent according to reports. This increases the need for users to be aware of the risk of data theft and cyber crimes.

Cyber Crimes ACP K.C.S. Raghuvir said that in most cases registered in the city, the criminals posed as bank employees and obtained personal information from account holders. “Once they get personal details like full name, date of birth, mother’s maiden name and the one-time password, they are able to either transfer the amount or clone another card,” he said.

Managing director for Intel Security (South Asia) Anand Ramamoorthy his company found after a recent study that 36 per cent Indians were revealing personal information through social media, which could lead to cyber crimes.

“While dealing with online transactions make sure you are browsing a proper website and not a phishing site. Cyber criminals may send phishing links through email to obtain user name and password,” he said.

Mr Raghuvir said the customer should be aware of the possibility of data theft when swiping cards at petrol bunks, restaurants and malls. To curb such frauds, remove the CVV number which is located at the back of the credit or debit card. Don’t disclose your PIN and don’t turn your attention away from the swiping machine,” he said.