Carrying multiple credit cards? Follow these 5 tips to ensur

Carrying multiple credit cards? Follow these 5 tips to ensure your online transactions are safer


Updated Feb 28, 2021 | 13:13 IST
As per a government official, India witnessed over 50,000 fraudulent cases related to Debit cards, Credit cards, and internet banking across the country in FY20
Carrying multiple credit cards? Follow these 5 tips to ensure your online transactions are safer 
New Delhi: In recent years, credit card usage has grown exponentially especially in urban India. From not carrying wallets full of cash to getting consumer protection, credit cards have made lives simpler. However, with increasing credit card usage, the consumers are becoming more liable to be a victim of cybercrime.
According to a senior official from the Ministry of Electronics and Information Technology, India witnessed over 50,000 fraudulent cases related to Debit cards, Credit cards, and internet banking across the country in FY20. In fact, just recently, an Andheri-based entrepreneur got back Rs 50,000 in his account, the amount that his father lost in an online credit card fraud. The entrepreneur's 78-year-old father died as he was disturbed after losing Rs 49,999 in an e-fraud.

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