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How to Protect Yourself from Scams and Fraudulent Activity

In today’s digital age, scams and fraudulent activities have become increasingly sophisticated. Whether it's a phishing email, a fake customer care call, or identity theft, anyone can fall victim to these schemes. However, there are several proactive steps you can take to protect yourself and minimize the risk of becoming a target.

 

1. Be Cautious with Personal Information

One of the most effective ways to prevent fraud is to limit the amount of personal information you share online. Avoid sharing sensitive data like your OTPs, bank account details, or passwords unless you are certain of the security of the platform you’re using. When communicating with unknown sources, verify their identity before providing any information.

2. Use Strong and Unique Passwords

Using strong passwords that are hard to guess is essential for safeguarding your accounts. Aim for long, complex passwords that include a mix of letters, numbers, and special characters. Avoid using easily guessable information like birthdays or names. It’s also a good idea to enable two-factor authentication on your accounts for an added layer of security.

3. Monitor Your Credit Regularly

Regularly reviewing your CIBIL Score and Report can help you spot signs of fraud early. You can avail a free CIBIL Score and Report once every calendar year. Look for any unfamiliar accounts or suspicious activities that could indicate identity theft.

4. Be Wary of Unsolicited Offers

Scammers often use unsolicited phone calls, emails, or text messages to try and lure you into giving up personal information or money. Be skeptical of offers that sound too good to be true. If you’re unsure, do not respond immediately—take the time to research the offer or contact the company directly using verified contact information.

5. Educate Yourself and Stay Informed

Finally, staying informed about the latest scams and fraud tactics can help you spot red flags before they become major issues. Follow trusted sources for updates on common scams and educate your family and friends to ensure they are also aware of potential threats.

By staying vigilant and taking these simple precautions, you can significantly reduce the risk of falling victim to scams and fraudulent activities.

Stay credit-ready by monitoring your CIBIL Score & Report.

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.