Over the last nine months, digital transactions have become a large part of our daily lives. From online purchases to money transfers and card payments at retail outlets, digital transactions have been on the rise. Simultaneously, there has also been an increase in identity theft and credit fraud. According to NortonLifelock’s Cyber Safety Insights Report in April 2020, identity theft impacts four out of every 10 Indians. One irreversible outcome of this is the financial setback that victims are left to deal with.
This Diwali, as you browse through various ecommerce sites, checking out the attractive discounts and fill your carts, remember to stay alert about entering your details. Safeguard your financial information, credit card details and credit profile against any online fraudsters.
Here are a few cautionary practices to protect your online identity and avoid becoming a victim of credit fraud this Diwali:
Stay vigilant and stay safe! Happy Diwali!
>> Stay tuned to key changes in your credit profile with CIBIL Alerts, available with a Standard and Premium CIBIL subscription.
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.