Debit card data theft: Who broke into your bank account?
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative
The data breach that has led to an estimated 3.2 million debit cards getting compromised is only a small manifestation of a larger malaise called cyber crime. The breach occurred due to an introduction of malware in the network of a third-party payment processor.
Living in a digital world, we need to be aware of different types of cyber frauds and take steps to safeguard our financial well-being.
Password theft: Today, people have apps on their mobiles for almost everything - buying vegetables or furniture, booking a taxi, stock trading or anything else. Given the large number of apps, many people keep the same password and e-mail id for convenience - a wrong move. "The level of security at all online websites is not uniformly good. While Google's site will be difficult to hack into, an online retail start-up may not have the same level of security. Stealing of passwords usually happens from websites that have a lower level of security," says Shomiron Das Gupta of NetMonastery, a threat management provider.
Most use the same password at numerous websites. After hacking one weakly protected site, the hacker will have your user name, password and, in most cases, your email ID. He will then enter the other websites and misuse these. He could even send out mails from your email account and receive new passwords for other sites, thus blocking you out.
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