No matter what, a bank can never ask you for your PIN, password or OTP. If someone requests you for such details, then treat that communication as fraudulent. Such skepticism is also helpful if you receive any too-good-to-be-true offers from any business. Account management - You should ...
During the first years of the new millennium, several largeFortune 500companies, such asEnronandWorldCom, were found to have used sophisticated accounting tricks to overstate their profitability. In other words, they cooked the books. Once these massive frauds came to light, the ensuing scandals ...
To obtain these details, internet fraudsters often use too-good-to-be-true credit card or bank loan deals to lure victims. For example, a victim might receive a message from their bank telling them they are eligible for a special loan deal or a vast amount of money has been made availabl...
What Was Enron? Enron was an energy-trading and utility company based in Houston, Texas, that perpetrated one of the biggest accounting frauds in history.Enron's executivesused misleadingaccounting practicesto inflate the company's revenues, presenting it as one of the most successful firms in the...
Phishing(a hacker-influenced corruption offishing) is a kind of online fraud, which aims to steal confidential information such as account credentials or bank card details throughsocial engineering. A typical phishing attack involves sending emails or messages in the name of a real organization with...
Banking is undoubtedly one of the advanced and easiest ways of managing your finances, but as we say, not everything that glitters is gold.Bank frauds are pretty commonnowadays. Therefore, people often need help with what a scammer can do with their bank account number. Scammers are all ove...
Application security is a measure to secure applications from external threats like malware and other digital frauds that risk critical personal and financial information from hackers.We have created detailedmobile application best practiceswhen it comes to the modern day cyber threats. ...
of the network blockchain will confirm the sender has enough amounts of value to allow the transaction to go through and to add it to a block and then to a chain. They will also reject the transaction if the amount is not enough or there are some frauds such as attempted double-...
Card tokenisationenhances the security of online payments by replacing card numbers with unique codes, known as tokens. When you make a payment on an online shopping portal, enter your card details and select ‘tokenisation‘. The merchant then forwards your information to their bank or card ...
This way, she says, your bank could put a note on your customer file “or request certain flags to be bypassed if it would result in your account being frozen”. Nevertheless, if your account has been frozen, there is no guarantee that producing ID documents and paperwork will be enough ...