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!
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