Cyber fraud can also happen while filing Income Tax Return and to avoid this, it is very important to keep these things in mind.
The last date for ITR filing (Income Tax Return) for the business year 2023-24 (FY23-24) is 31 July 2024. As the last date for filing income tax approaches, more and more taxpayers start filing ITR. In such a situation, cases of cyber fraud also increase. It is important to avoid cyber fraud while filing ITR. You should keep your financial information and personal information safe. By getting this information, cyber criminals can commit fraud with you. In this news we will tell you how to avoid cyber fraud and what are its methods.
First of all it is important to understand cyber threats
Cyber criminals are taking advantage of digital payments to carry out scams like malware attacks, phishing scams and identity theft. Vipin Surelia, Vice President and Head of Risk Services at Visa, says that instead of relying too much on AI, one should be wary of transactions that have even the slightest suspicion. Cyber attacks can cause identity theft, damage to credit scores and financial loss to individuals.
Vipin Surelia, while talking to CNBC-TV18, said that despite being aware of scams, consumers often ignore the dangers of fraud. To identify and avoid cyber fraud, it is more important to educate people about cyber security.
Keep your personal information safe
While filing taxes online, one should avoid sharing sensitive information with third parties. People should use secure e-filing service for tax filing. Avoid public Wi-Fi networks while filing ITR. Also, to remain more secure, two factor authentication should be kept activated. It is easy for cyber criminals to commit cyber crimes through public Wi-Fi networks. In such a situation, filing ITR through public Wi-Fi is always risky.
It is important to keep the password strong
To avoid becoming a victim of cyber fraud, keep your password strong. It is important to create strong, unique passwords for tax filing accounts and update them regularly. Apart from this, it is important to keep the login credentials strong. For this you can put special character in your password.
Email Safety
It is very important to be careful about email security. Since cyber criminals often use phishing tactics, people should be wary of emails claiming to be from tax authorities or financial institutions. If you download any attachment by clicking on the link of a mail or message coming in the name of an unknown company or person, then you can become a victim of cyber fraud.
Update software regularly
If you are updating your software regularly, you can avoid cyber fraud. Keep updated antivirus software installed on all the gadgets you use to file taxes. Keep updating the operating system, web browser and other software regularly.
Regular monitoring of bank accounts
Regular monitoring and reporting of financial accounts is essential to promptly detect and address any suspicious activity. Monitoring bank and credit card statements for unauthorized transactions or suspicious activity will protect you from cyber fraud cases.
Tokenization for data security
By taking advantage of advanced security services like tokenization, data becomes secure and personal and financial information remains safe. Data encryption further increases the security of sensitive tax documents and financial information.
Also Read-
