How to spot the red flags in the digital world?

The digital world is convenient, but it also opens doors for scammers. Every day, people lose money to frauds that seem real at first glance. The key to staying safe is learning to spot the red flags early.

Here are the most common banking scams and the red flags to watch for:

1. Phishing

Fraudsters send emails pretending to be your bank, asking you to “verify your account” or “update your details.”

Red flags:

Asking for banking information to make claims
Pressure to act quickly or fear-based urgency

2. Vishing (voice phishing)

Scammers call from unknown or international numbers, claiming to be bank officials or government agents, requesting OTPs, PINs or account details.

Red flags:

Requests for sensitive information over the phone
Pressure to act immediately or threats of account suspension
Unknown or international numbers

3. Fake banking apps and websites

Fraudsters create apps or websites that look exactly like your bank’s. Logging in gives them access to your account.

Red flags:

App not found in official stores (Google Play / App Store)
URLs that look slightly different from the official site
Requests to download extra software or to enter credentials multiple times

4. Smishing (SMS phishing)

Scammers send SMS claiming you’ve won cashback, lottery or investment returns, with a link to “claim your prize.”

Red flags:

Messages from unknown numbers
Links asking for login details or OTP
Offers that seem too good to be true

5. Personal emergency scams

Scammers manipulate emotions or relationships to get your banking information — for example impersonating friends or family on social media to request money.

Red flags:

Requests for account details or money transfers from unknown contacts
Pressure to act quickly
New, incomplete or strange profiles

How to stay safe

Do not accept international calls or video calls from unknown numbers.
Do not share your card number, PIN, password, OTP or CVV with anyone.
Do not click on links or scan QR codes from suspicious emails, messages or social media.
Do not share your personal details or bank account details with anyone who contacts you unexpectedly.
Always cross-check unexpected requests — call the official bank number (from your bank’s website or your bank card) instead of replying to the message or email.

Report any fraud immediately to 1930, the National Cyber Crime Helpline or visit www.cybercrime.gov.in.

Recognising these red flags is the first step to staying safe online. Awareness and caution protect not just your money, but also your confidence in the digital world.

Trust KVB — Stay safe from digital frauds.

Pro Tip:

Always cross-check unexpected requests. If someone asks for account details, OTPs or card information, verify it independently by calling the official bank number rather than responding directly.

23 October 2025

Share this Blog