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Beware of scams and fraud

A woman using computer; image used for HSBC India Be aware of scams and fraud article

Financial fraud is on the rise throughout the world.

Reports of financial fraud can be concerning, but there are ways to protect yourself. Explore each topic to learn more about fraud.

How it happens

There are many forms of fraud, scams and financial theft. Three of the most common forms include:

  • Online and mobile banking, where criminals access someone's bank account via the internet or mobile banking.
  • Common online threats, such as computer viruses, malware, or phishing, where a hacker attempts to take control of a computer or mobile in order to access login details, passwords and other personal data.
  • Banking security, including telephone fraud, thefts from ATMs and other scams.

How to avoid it

There is plenty of advice online about how to spot a scam or fraud, and what action you should take if you are a victim of fraud.

There are several simple precautions you can take to avoid becoming a victim of a scam or fraud:

  1. Never give your password, PIN or memorable information to anyone else.
  2. Change your passwords every few months. A strong password needn't be difficult to remember.
  3. If you receive an email that claims to be from your bank, check it carefully. Unless you are absolutely certain it is genuine, don't click on any link it contains.
  4. You will be better protected online if you keep your computer updated and install a firewall, anti-virus and anti-spyware software.
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Disclaimer

This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorised HSBC to use such information provided by them. Whilst every care has been taken in compiling the information, HSBC and the concerned Information Provider(s) do not guarantee, or make any representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be liable for damages arising out of any person's reliance upon this information or any action taken or not taken as a result of any material contained in the publication. Expressions of opinion are those of HSBC and the Information Provider(s) only and are subject to change without notice. HSBC has not independently verified any information provided by the Information Provider (s) or that has been derived from the sources believed to be reliable by HSBC. Opinions expressed herein do not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this publication. This document is for circulation in India only. No part of this publication may be reproduced or stored in a retrieval system without the prior written permission of HSBC. Any liability is accordingly expressly disclaimed by HSBC, its officers, directors and employees.