Tips to keep your Paytm Payments Bank account safe
Social Engineering
Social engineering is the psychological manipulation of people into performing actions or divulging confidential personal information such as your banking PIN/passwords.
How does one commit it?
There are different ways, one can commit this fraud:
- Fraudsters often call an elderly person, pretend to be a family member and express a need for urgent cash
- Fraudsters often act as tax/government officials, over email and try to manipulate the victim into leaking their personal details.
- Fraudsters can also engage in Phishing/Vishing/Smishing
- Oftentimes, Fraudsters hack into a genuine e-mail account, send mail to friends and/or colleagues, claiming to be in trouble and ask for money.
How to save myself from social engineering?
Do's
- Share information on need to know basis
- If asked to disclose confidential information, find out why such information is required
- Shred documents, especially confidential, if you're discarding them
- Find out where your printouts are, if they're missing
Dont's
- Assume that the enquirer has a right to know the required information
- Discuss anything in public places
- Leave sensitive information unattended
- Print sensitive information, or keep printing if unable to trace previous print-outs
