As per a report, India in the first quarter of 2020 witnessed a 37% rise in cyber-attacks. Approximately 52,820,874 local threats indicated that scammers used offline methods, USB and CDs for these fraudulent activities.
This raises concern among the smartphone and net banking users who are frequently targeted for data. The mass consumption of digital media also opens a path for fraudsters who leak personal information via weak encryption and phishing.
To protect oneself from this identity scam, an individual must understand what is phishing and how it works.
What is phishing?
A phishing attack is a technique used by hackers who send fraudulent emails or notifications to individuals to capture their passwords and PINs. Fraudsters also use offline methods to make the victim install malware software that leak personal data like credit card details, bank accounts, etc.
These activities can be extremely difficult to detect.
A report stated that even reputed organisations might take around 93 days to realise hacking issues. This raises immediate concern among internet users to understand the types of phishing and prevention.
What are the types of phishing?
Phishing can be of various types, depending on a target’s device usage. Some of the common scams through phishing include –
- Credential harvesting – With this technique, phishers send a domain link to an individual. Opening this web address may redirect the user to another site asking for passwords and login ID.
- Spear phishing -Under thismethod, an attacker sends malware under the disguise of PDFs, links, videos or pictures via emails.
- Whaling -Thisscam involves sending bogus tax returns to personals in senior positions.
- Vishing -Typically, a common vishing technique involves a fraudster calling a victim claiming immediate action against their financial account breaching.
Individuals in fear of losing their funds, give the caller data like the credit card number, IFSC code, etc. A smart decision to avoid these scams is to avail a Wallet Care policy offered by Bajaj Finserv under its Pocket Insurance & Subscriptions. With this policy, individuals can immediately block a user’s card after a cyber-threat is reported.
Apart from this technique, following some tricks can safeguard an individual from phishing scams. Some of them are discussed below.
Top tricks to avoid phishing attacks
- An individual must update his/her operating software in the device regularly. This prevents malicious software and cookies from breaching sensitive data.
- One can avail an identity assure cover that offers financial assistance against theft and legal procedure for the same.
- Internet users should only open links and emails from a trusted and well encrypted site.
- Installing anti-virus and dedicated operating system that deletes foreign mails, documents after usage.
- A user should open documents via Google Drive instead of clicking on the PDF format. This informs an individual whether the file is secure to open.
- One should use unique hardware tokens which are free to use. These keys correspond with the browser to ascertain per-site permits to log in.
Apart from following these tricks, individuals can avail insurance like cyber security cover that offers protection against cybercrime. An individual can follow the ways mentioned above to understand phishing meaning.
With such insurance policies in place, an individual can effectively ensure that their transaction and activities on any digital medium remains safe. It is also crucial to remain alert about any such malicious activities to safeguard one’s sensitive information.