Online banking fraud: SBI, PNB customers Alert! Check TIPS by State Bank of India, Punjab National Bank to keep your money safe

With the significant rise in the use of digital systems over the years, there has been a rapid surge in cyber frauds around the world. Cybercriminals have grown much more sophisticated, making it more complicated for many to defend themselves against cyber threats.

Internet banking fraud is one such fraud or theft committed using online technology to illegally remove money from a bank account and/or transfer money to an account in a different bank. Internet banking fraud is a form of identity theft and is usually made possible through techniques such as phishing.

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Recently the State Bank of India (SBI) and Punjab National Bank (PNB) shared important measures and tips regarding online banking fraud with their customers on their Twitter handles.

SBI tweeted urging people to be careful about the apps they use or download on their mobile phones. The bank mentioned that the customers should only download apps that are from verified sources or developers for the safety of their financial and personal data. Using apps from an unknown source may hack your personal and financial information. It is possible that messages including OTP, PIN, CVV may be read remotely.

Your Safety is our Priority!

Here’s a quick security tip that could save you from losing personal/financial data!

Download apps only from verified sources. Do not download any app on the advice of unknown persons.

Stay Alert! #StaySafe!#CyberSafety #StayAlert #OnlineScam pic.twitter.com/o4o6KeCVJs

— State Bank of India (@TheOfficialSBI) June 10, 2021

However, in a separate tweet, SBI has also asked customers to avoid regular cash payments during COVID-19 times and requested them to switch to NFC-enabled debit or credit cards for physical payment.

Make safety your priority.

Choose to make contactless payments with NFC enabled Debit Cards.#SBIAapkeSaath #StayStrongIndia #Unite2FightCorona #TeamSBI #StaySafe pic.twitter.com/hacWy11AQ4

— State Bank of India (@TheOfficialSBI) June 10, 2021

Similarly, Punjab National Bank (PNB) has also tweeted the same. It has advised its customers not to click on any number, or links that claim to be of the bank’s customer care helpline. Further, it requested customers to reach out through the official channels and use https:/www.pnbindia.in for obtaining any information about the bank.

Tapping & dialing directly from browser on any number can make you vulnerable to fraudulent activities. To report #CyberCrime, visit: https://t.co/qb66kKVmLw

Be mindful of what you tap on!#BeCyberSafe pic.twitter.com/ii8Eo2sVcZ

— Punjab National Bank (@pnbindia) June 9, 2021