Credit card fraud on rise! Check 5 ways to secure details to stay safe from scams, money losses
Credit card holders can use 5 simple ways to make sure that they don't end up losing money in online or offline fraud.
New Delhi: In the past few years, online frauds are on the rise in India. For instance, a recent Reserve Bank of India (RBI) report pointed out that the number of bank fraud cases increased in the financial year 2020-21, even though the amount involved in the cases came down to half the amount involved in the financial year 2021-22. The report said that the total number of fraud cases in FY22 stood at 9,103, up from 7,359 cases in FY21. Even on the global level, the number of financial frauds is rising, especially the ones related to credit cards. Credit card customers, however, can follow five simple steps to secure their details and prevent fraud and money losses.