Cybercrime and How to Avoid It
Cybercrime is defined as illegal action involving a computer, a computer network, or a networked device. Most, but not all, cybercrime is committed by profit-driven cybercriminals or hackers. Individuals or groups can commit cybercrime. Some cybercriminals are well-organized, employ advanced strategies, and have a high level of technical expertise. Others are inexperienced hackers. Cybercrime is […]
QR Code Scam
Many firms (including the world’s largest technology corporations) utilise QR codes to direct visitors to their apps. A QR (Quick Response) app can simply recognise the QR (the longer phrase- Quick Response) code. To decipher the code, all that is required is a camera and the app. While it eliminates the time-consuming chore of entering […]
How to write a Safe Cheque?
One of the most common ways to pay money is through a cheque. Writing a cheque is really easy, but you must be careful. A mistake while writing a cheque, can prove very costly and cost you a lot of money. 1. Use ‘A/C Payee’ instead of ‘OR BEARER’ Cutting the words ‘Or Bearer’ and […]
Things to know about Bank Cheque
Cheques are the backbone of the banking industry and are still a very important negotiable instrument in the country. Reserve Bank of India (RBI) report says India’s cheque volumes declined only by 10.8% between 2012 and 2017, though the apex bank does expect the volumes to go down drastically by 2021. While traders and small […]
Cheque Truncation System
Cheque Truncation System or CTS is the cheque clearance system introduced by RBI to fasten up the clearing of cheques. In this system, instead of producing the physical cheques to the payee bank, just the electronic image of the cheque along with the MICR code and other cheque credentials are transmitted to the drawee bank […]
How to avoid Online Addiction
Today, internet use is ingrained in contemporary society and has changed the way we live our lives more than any other technological medium yet. Despite this, we still know relatively little about the effects of internet addiction on our psychological functioning, mental health, and general well-being. 1. Keep yourself on a Schedule The most basic […]
Ways to Protect Yourself from Online Fraud
Due to the restrictions on movement because of the COVID pandemic, there has been a push towards digital payments. We can see examples of the same in our daily lives. We prefer to make all of our payments digitally rather than a visit to the local Kirana shops, malls, and markets. The way people borrow […]
How safe is your Digital Cash?
Internet security experts warn caution as India takes the cashless route. India’s shift towards becoming a digital economy, like any major world event, is a big opportunity for cyber criminals to find vulnerabilities. The following are some ways the security of your transactions could be compromised: Quick check: Not sure a loan app is genuine? […]
What Is Credit Card Data Breach?
Quick check: Not sure a loan app is genuine? Check it in our directory of loan apps and their RBI-registered lenders, and see what to do if your loan app disappears from the Play Store. For example, see Buddy Loan and True Balance. Credit Card Data Breach A data breach can be defined as an […]
e-NACH and e-Mandate
Quick check: Comparing loan offers? Look at the APR, not just the interest rate. Our loan app directory shows the rates each app discloses in its listing. For example, see NIRA and mPokket. e-NACH and e-Mandate National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporate and […]