DANISH ROLLNO. 1273528 FI TOPIC.. BANK FRAUD IN INDIA? Q18

DISCUSSION
   MEANING OF BANK FRAUD..
 it is the use of potentially illegal means to obtain money, assets, or other property owned or held by  financial institution or to obtain money from depository  by fraudulently posing as a bank or other financial institution
 banks fraud are rising day by day . the type of banking frauds are

• Identity theft
• Credit/Debit card fraud
• Cheque fraud.

 harshad mehta has also commited ban fraud . he was a stockbroker. he was engaged in a massive stock manipulation schmem financed by worthless bank reciept. he had been charged with numerous financial crimes which took place in 1992

in most areas of the world, all types of bank fraud are illegal. One of the more prominent types  of fraud  is known as identity theft, where one person uses another person's private identifying information to obtain money

 SUGGESTIONS

people should pay more attention while doing banking transaction. one should arm himself or herself with information. proper online security can help yourself from identity theft

. one should use strong password for all the account 

the following security tips can help yourself and your money

 be aware of email attachment

 be aware of what and where you click online

secure your smartphone with screen lock

 think before you download appication to your mobile

 CONCLUSION

 At last i would like to conclude to protect money from electronic and identity theft its important to implement basic precautions such as having complex password and only doing online baning through secure internet connection