The Union Budget announcements had one very important milestone from a telecom perspective. With more than 50 crore Indians now having access to the internet, mobile data usage has jumped by 144% in 2018 compared to the year before. These milestone achievements are based on three key pillars: the availability of affordable smartphones, access to mobile data at a reasonable price, and the increasing number of telecom services in multiple regional languages.
However, with the rise in consumer connectivity, we need to be a bit more careful when saving our online data and sharing it. Our mobile phones are filled with personal details and even account information—exactly what online fraudsters are looking for. They can easily hack into our data with sophisticated tools to phish, vish and pharm and we may only find out when there has been a huge amount debited from our accounts, or in the case of a wrongly attributed credit card bill.
Sheer lack of vigilance is the real root of problems in this case.
Instead, let’s be a bit more conscious and careful with the way we handle our financial details and credit information. Here are some steps you can take to stay a step ahead of fraudsters, avoid being a victim of credit fraud, and protect your online identity:
Safeguarding financial details, especially credit information is critical. Why? Well, a high CIBIL Score can help you get faster, cheaper access to credit. And a compromised credit profile can negatively impact your access to credit.
If you have ever been a victim of credit fraud or identity theft, you should follow these steps immediately:
Disclaimer: The information posted on this blog (Information) is prepared by TransUnion CIBIL Limited (TU CIBIL). This Information is for generic informational purposes only and is meant for consumer education and awareness about credit scores, credit history and credit reporting. The Information posted on the blog does not constitute credit advice and the user will need to consider the same and take independent informed decisions . No part of this Information may be quoted out of context, distorted ,distributed, published and/ or reproduced in any form and manner whatsoever. Consumers are advised that the Credit Information Reports (CIRs) prepared by TU CIBIL are based on collation of information, substantially, provided by credit institutions who are members with TU CIBIL. TU CIBIL is not responsible and /or liable for errors and/or omissions caused by inaccurate or inadequate information submitted to it by credit institutions. TU CIBIL does not guarantee the adequacy or completeness of the Information and/or its suitability for any specific purpose nor is TU CIBIL responsible for any access or reliance on the Information. TU CIBIL expressly disclaims all such liability. Further, this Information is based on the data available with TU CIBIL at the time of publication and therefore may not be up-to-date.