Incidents of e-wallet fraud are becoming increasingly common. How can you protect yourself in case you are defrauded?
Be Wary: Following the launch of Digital India and the increasing infiltration of internet on the back of cheap data prices, incidents of e-wallet fraud are increasingly becoming commonplace.
Here's what you need to know if you are defrauded on an e-wallet platform:
Here are some things one can do to avoid being defrauded.
Living the Digital Life: Nearly 68% consumers making financial transactions online are willing to save their personal bank details on websites they trust, revealed a recent survey by NortonLifeLock, which covered over 1,500 city-dwelling Indian adults. Now while 83% of the respondents agree that fraud and data theft are the biggest threats to online banking, an alarming 80% of the respondents think online payments made on apps and websites are always safe.
As per the survey, consumers make the maximum online financial transactions for shopping (91%) closely followed by bill payments (88%). City-based millennials engage in more financial transactions online (98%) than any other generation surveyed, closely followed by Gen X (97%) and Gen Z (94%).
Here are some useful suggestions by NortonLifeLock to make your online transactions a safer affair.
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