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| Netbanking in demonetization era |
As we all know India is going through demonetization phase, yeah I know we all have to suffer at some extent but here I am not going to talk about advantages or disadvantages of it. As fan of technology related things, I will be talking about shortcomings of net banking or cashless economy. I know there are many benefits of net banking, but talking about shortcomings of anything make things better and more secure than ever.
Almost we all Indians know these golden words “nakal ke liye bhi akal ki jrurat padti hai’ , i think technology has made these words true. Remember those Hindi or English movies where robbers had to visit banks many times to make their final plan of robbery. Even in real world, robbers have to dig many feet tunnel to loot any bank or have to skillful for using gas cutters. Though in India and German, robbers used this old fashioned tunnel technique in recent times,but nowadays mostly robbers do robberies without all these hardworking ideas, they have become smart and called as “hackers” I mean “unethical hackers”. In other words, no pain only gain.
Let’s talk about cyberhacks in banking system, I remember in 2009 when FBI director talked about insecurity of net banking by saying his wife saved him from this scam. However in these years,technology has changed much but nothing is 100% secure ever. As more and more people are connecting to net banking, danger is also increasing because genius robbers I mean unethical hackers are trying their best to find loopholes in security systems and unfortunately sometimes they get success. In this year , 75 cyber attacks on financial service groups have taken place in England and shockingly these numbers were 5 in 2015So situation is alarming,even though experts say banks don’t share exact numbers due to their image in public. In February , one Bangladeshi bank became victim of hackers and had to lose $81 million,this case was too interesting and even America had to think about it’s net-banking security. Then in July, Taiwanese’s bank ATMs hacked by hackers and they ran away with $2 million in few minutes. Just one month ago, England’s Tesco bank became latest victim of these hackers, around 9000 customers of the bank(the estimated number was 40000) lost their hard earned 2.5 million pounds .Bank had to refund all their customers .
I have told enough about money stealing in banks but sometimes we too make mistakes and bank wont want to refund your money if you lose it for your own mistakes. As demonetization has forced everyone to use net banking,even people who had never heard about internet or net banking , they are using it now.. All vegetable sellers,tea sellers and poor people who would not have imagined about it somedays back,they are taking benefits of this digital currency. However there are some security issues,I guess most of people who have just started using don’t know at all. So I will try my best to share some points so hard earned money of anyone don’t go in vain-
1. NEVER EVER FORGET TO LOCK YOUR MOBILE PHONE- As our PM said too that our mobile phone is our new bank. So secure this baby bank like big banks secure themselves. Nowadays we do shopping,billing,recharging etc almost everything from our mobile,so secure them from thieves.
2. KEEP YOUR PASSWORD AS STRONGER AS YOU CAN- Even if it is totally free, we are too lazy to think about it. Some years ago when Yahoo became victim of hackers , they shared how many people use passwords “12345”, “123456”, “abcde”,“abcdef”, “qwerty” , own names and their date of birth, numbers were astonishing, I guess it were more than 60%. so keep your log in password as strong as you can. You can use some internet sites for this too.
3. BE CAREFUL WHEN YOU VISIT ATM - Always use your ATM card when there is no any unknown person in ATM booth. This is dangerous. That unknown person could be your next nightmare or money robber .
4. ALWAYS UPDATE APP OF YOUR BANK- Banks update their softwares for making them more secure and danger-free. So keep your bank app up to date for safety.
5. ALWAYS INSTALL ANTI-VIRUS ON YOUR SYSTEM- Though some experts say that windows operating system is most unsafe for net banking,but I still recommend to all for using latest and most reliable anti-virus on your phones and computers.
6. DON’T WRITE PASSWORDS AND LOG IN NAMES OF YOUR E-MAILS OR BANK ACCOUNTS IN MESSAGE BOX OR NOTES IN YOUR PHONE- Let’s imagine if you lose your phone , then it will not just cost of your phone,but it could be all money in your bank. So never ever write details of your emails and bank accounts in your phone. Use tracking phone apps on your phone too.
7. TRY NOT TO USE PUBLIC WI-FI AND INTERNET CAFE FOR YOUR BANKING- These areas could be risky for banking, anybody could take benefit of your ignorance or innocence. So be smart and be safe.
8. NEVER SHARE INFORMATION OF YOUR ACCOUNT WITH ANYONE- BANKS NEVER ASK ANYTHING ABOUT YOUR DEBIT-CREDIT CARD AND BANK ACCOUNT, so always keep it in your mind. We have already seen these cases in past,so don’t be next victim and ignore such phone calls or emails.
9. NEVER FORGET TO LOGOUT AFTER USING SERVICE- Yeah it is hard to login every time for using banking or shopping service but it is important and helpful. Afterall nobody wants to regret for silly mistake or laziness.
10. CONTACT TO YOUR BANK AND POLICE- Do it as soon as possible whenever you get to know that you are victim of any scam. You can control the damage and save your money by taking these steps as quickly as you can.
I might have missed some points,however I know post is loooong but it is necessity of time. I wont ask anything greater than it if my post saves even one penny of any hardworking person . Next posts will be short . Till then have fun,enjoy net banking.
