Know how you can protect yourself from fraud .The best way to keep yourself protected against fraud is to stay vigilant. Here’s a list of the different kinds of frauds and scams, and how to identify and protect yourself from them.
Identity theft
A fraud could leave you without any funds in a matter of minutes! Identity Theft occurs when someone wrongfully uses your personal information to obtain services in your name.
- Fraudsters call you, posing as Motilal Oswal employees
- Never share any personal or sensitive information over a call
- Update your records whenever you change your contact numbers, address or email ID
Smishing
Smishing is a type of fraud that uses mobile phone text messages to lure victims into calling back on a fraudulent phone number, visiting fraudulent websites or downloading malicious content via phone or web.
- Never share your personal or financial information via SMS
- Do not follow instructions that you receive in an SMS from an untrusted source
- If you receive any urgent communication asking for personal information, call and confirm call the Motilal Oswal customer care number 022 40548000 | 022 67490600 or mail us at query@motilaloswal.com
Phishing
What do you do when you come across emails that seem suspicious?
Phishing is a type of fraud that involves stealing personal information such as Customer ID, password etc. through emails that appear to be from a legitimate source.
Nowadays, phishers also use phone (voice phishing) and SMS (Smishing).
- Verify the URL of the webpage. Check if the website address contains ‘https://’, which means your communication with the site is secure
- Check the padlock symbol. This depicts the existence of a security certificate, also called the digital certificate for that website.
- Establish the authenticity of the website by verifying its digital certificate
Vishing
Vishing is one such attempt where fraudsters try to seek your personal information like Customer ID, password through a phone call.
- Destroy any piece of paper that contains your login and password
- Never share your personal information with a stranger or any third party
- If in doubt, call the Motilal Oswal customer care number 022 40548000 | 022 67490600 or mail us at query@motilaloswal.com