The development of the digital world not only provides many conveniences, but also provides opportunities for criminal acts such as fraud. One of them is rampant, for example online fraud in financial transactions.
For this reason, the public needs to increase vigilance by understanding the types of online fraud in order to avoid this crime. Quoted from the official FBI website, here are the various modes of online fraud and how to avoid them.
Phishing
One practice that is often found is phishing. This practice is a technique used to trick the victim by providing a link or email that looks like a real one to get the victim's personal information.
Because the link or email address provided looks very similar, people are often trapped to click on the link. After that, the perpetrators can freely take the personal data of their victims. The personal data that can be obtained by these perpetrators are in the form of email or application passwords, credit card numbers, to ATM PINs.
Money Mule
The practice of Money Mule can be defined as the act of transferring illegally obtained money on behalf of another person. The money is generally obtained from crimes such as from fraud to the sale of prohibited goods.
In practice, people who transfer money to other bank accounts will get a commission. This is done in order to launder the money obtained illegally which is difficult to track down by the police.
Spoofing
Similar to phishing, this practice uses a link, website address, or email address that is similar to the intended party. The difference is, this practice disguises the site by distinguishing one letter or character in the address so that it looks very similar.
Victims of spoofing generally do not feel that the intended party is actually a fake. Thus, the perpetrators of spoofing can freely interact with their victims as if they were the intended party.
Sniffing
In short, sniffing is a crime in the form of wiretapping. The perpetrators usually take advantage of public network access. From the data traffic on the public network, the perpetrators can capture the data of their victims using special tools.
Social Engineering
Social Engineering is a manipulation technique that utilizes the victim's human error to obtain personal information in the form of access or other important matters. The perpetrators usually observe the behavior and take advantage of the negligence of the victim.
Simply put, the perpetrators take advantage of the victim's lack of knowledge when accessing the internet. The main purpose of the perpetrators, apart from taking personal information, is also to sabotage important data owned by the victim.
There are many ways that can be done to avoid online fraud modes, one of which is by utilizing trusted financial technology applications such as the DANA digital wallet.
BIGPAY
The BIGPAY digital wallet has the BIGPAY Protection feature that provides a sense of security and comfort when users make transactions through the BIGPAY application. Not only that, another advantage that BIGPAY Protection has is its layered & sophisticated security system. Every time you make a transaction, you will be protected by a BIGPAY PIN, OTP or Face Verification.
In addition, BIGPAY also provides a 100% money back guarantee if something unexpected happens when the user makes a transaction, in accordance with the applicable T&C. Oh yes, one more thing you should know, BIGPAY also has ISO 27001:2013 Certification for data information security & PCI-DSS (Payment Card Industry Data Security Standard) Certification for bank card information security, you know! So the security of your transactions is guaranteed.
Of course, with BIGPAY Protection, you can be more Anxiety Free and your life will be #DramaFree. So come on, download & use BIGPAY now to enjoy a safe, comfortable, and enjoyable transaction experience.
Use my code KDDGUDUKXB to sign up for BigPay and get RM10 when you activate your card. Enjoy great exchange rates for overseas spending and international money transfers! There’s more but I’ll let you experience it for yourself.
Sign up at http://bigpay.link/referrals