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    Online Transaction Fraud

                      Although at this age, as students, most of us may not be using banking services such as debit card,
                      credit card, net banking, etc., yet it is important to be aware of this type of cybercrime.
                      Online transaction fraud refers to the illegal withdrawing or transferring of money from one bank
                      account to another by a cybercriminal. Online transaction frauds generally take place when a
                      cybercriminal steals a user’s login credentials, bank account details, credit card details, etc.

                      Cybercriminals may send e-mails from a fake account that can appear to be from a bank or
                      credit card service provider.

                      Cybercriminals may also fake their identity and call people pretending to be a bank employee to
                      obtain a user’s banking details.

                      Types of Online Transaction Frauds
                      Different types of online transaction frauds are as follows:
                      •   Identify Theft: Sometimes, cybercriminals deliberately use someone else’s identity to gain a
                        financial advantage over someone else. Cybercriminals may also pose as someone else to
                        obtain credit and other benefits in the other person's name.

                      •  Job Frauds: Cybercriminals portray incorrect details as an employer.
                      •  Banking Frauds: Some cybercriminals fraudulently obtain money from users for investment by
                        posing as a bank or other financial institution.

                                                    Never install pirated software on your mobile
                                                    or computer. It is not only illegal but may also
                                                        compromise security of your devices.

                                                                                      Avoid making online transactions
                              Be sure to check for the bank's                             using a public Wi-Fi or a
                                security certificate details.
                                                                  Some tips to            computer in a cyber cafe.
                             Regularly update your banking       safeguard from         Always check the website
                                passwords and Pin of the             online               URL starts with HTTPS.
                                   debit/credit cards.             transaction
                                                                     frauds

                                                       Never share your bank and card details
                                                       such as online account password, card
                                                         number, PIN, OTP, etc. with anyone.
                      Plagiarism

                      Intellectual property refers to the legal property rights of a person over creations of his/her mind,
                      both artistic and commercial. Intellectual Property Rights ensure that the creator’s hard work
                      is safe and protected from any unauthorised copying or piracy. There are three main types of
                      Intellectual Property Rights:

                      •    Copyright: It is the legal right given exclusively to the person for a fixed number of years to
                         publish, record the literary, artistic, or musical use of his or her work. .

                      148   Premium Edition-VIII

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