Finance/Money

Kotak Mahindra Bank advises customers to adopt safe banking practices on rising cases of online frauds in Gujarat

Surat : With the rising number of cyber fraud related cases in several parts of Rajasthan in the past few months, Kotak Mahindra Bank Ltd (KMBL) has advised its customers to be vigilant and follow some basic precautions for a safe banking experience. With the increase in online transactions during the COVID-19 pandemic, the banking & financial services industry has witnessed a sharp rise in cyber-related crimes. The majority of these frauds are camouflaged as a request for KYC and Re-KYC updation. Pretending to be representatives of the bank, fraudsters target unsuspecting people and send suspicious messages/links from unknown IDs…
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