Skip to main content

News and Updates

SOCIAL MEDIA EFFECTING HUMAN LIFE NEGATIVELY..

Social Media is effecting human life in many aspects like health,family relations, etc. So,I'll be discussing each aspect in detail below. Firstly, I would like to describe or define what is a social media,many of them may be know that,but I would just like to mention that. WHAT IS SOCIAL MEDIA? Social Media is a platform,computer-based technology that facilitates the sharing of ideas,thoughts and information through the building of virtual networks and communities.  Social media originated as a way to interact with friends and family but was later adopted by businesses that wanted to take advantage of a popular new communication method to reach out to customers. The power of social media is the ability to connect and share information with anyone on Earth, or with many people simultaneously. There are different types of social media namely, Social networks,Social news, Microblogging ,Bookmarking sites,Media sharing,Community blogs,social review sites,video hosting sites,Image shar

Beware of credit card fraud

  A HARASH REALITY OF DIGITAL AGE
Credit card fraud is a wide -ranging term for theft and fraud committed by using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying or to obtain unauthorised funds from an Account.
The credit card fraud  occurs when a thief uses your credit card to make purchases. More serious is when someone uses your information to open accounts or take loans in your name. That's why  you need to fight to get your credit restored and  your name cleared an arduous process that can take months or years to complete.

HOW DOES CREDIT CARD FRAUD HAPPENS?
 well,the fraud begins with either the theft of the physical card or the compromise of data associated with the account like  number of card or other information which is necessary for a merchant during legitimate transaction. The compromise can occur by many routes, even tripping off the card holder,the merchant or the issuer. The fraudulent might go through the trash to find the discarded billing statements and then use your account information to buy. A retail or bank website may be hacked and your card number stolen. A waiter takes a photo of your credit card and uses your account to buy create another account or may be you get a call offering a free tip or discounted travel package. But to be eligible you have to join a club and give your account number , to gurantee your place. The next thing you know, charges you didn't make are on your bill and the trip promoters who called you are nowhere to found. So you are trapped.
 
CREDIT CARD FRAUDS's categories
.Application fraud- unauthorised opening of credit card account in another person's name for this enough personal information to be known for filling up the application
.Account takeover-criminal hijacking of an existing credit card account, personal inform about a victim to change the account's billing address.
.skimming- Let me inform it is a small electronic device.Theft of credit card information used in an otherwise legitimate transaction. It can occur at restaurants , bars, call centres, gas stations.
 Technological advances have also created avenues for credit card fraud with online purchasing now common , perpetrators need no physical card to make an unauthoried purchase.

  • In INDIA occured
An unidentified person allegely stolen personal information of 13 credit card holders of a multinational Bank and withdrew cash of Rs 3,73 lakh through on line  transaction. The cyber cell of pune registered this.
 Again central crime branch sleuths arrested five persons for cheating  several persons of their credit cards and then buying articles worth Rs 1.80 lakhwith the card. The arrested people were later remanded in judicial custody.
         Several such incidents .

 PREVENTATIVE MEASURES AS EVERY PROBLEM     HAS SOLUTION 

1. As we all are engaged in online shopping.  we need to clear our logins and passwords and change monthly.
2. Be alert in which banks or businesses to obtain personal information which they use to access your accounts... check their websites.
3. Record the credit card account,expiration date,security code and toll free phone numberon safety in a free proof lock box 
4. Kindly dont give your account number to anyone on the phone unless you have made the call to a company you know to be reputable.
5. Carry your cards seperately from wallet.
6.check accounts regularly so that you know when something is away. Call credit card issuer immediately if any erroneous charge seen.
7. Don't forget to take your paper receipt with you after eating or shopping.
 8.LIFELOCK and TRUSTED LD that market themselves as identity theft protection experts.you purchase the services of a dedicated identity theft protection firm or one of the products offered by your bank or insurer sign up for any free alerts that let you know of any credit card  activity that is out of the ordinary.
9. Report lost cards immediately.
 
By card issuer ,strong authentication measures can be used . multi-factor authentication to verify that the account is being accessed by the cardholders through requirements of additional information like account number ,pin etc. Out of band aunthentiaction to verify the transaction is being done by the cardholder through a known or trusted communicationchannel such as text message, phone call etc.
By merchants , pan transaction ,tokenization ,pin ,zip code etc to be used to avoid this.


LAW
under Information Technology Act  2008, section 43 (a) , 43(b),43(g) along with 66 applicable to it. Section 420,467,468,471 of IPC ,1860 also applicable. The victim can register a complaint in police station  and complainant can also fine for compensation upto 10 lakh rupees with bank ombudsmanor 5 crore rupeesbwith adjudicating officer of state / civil court. It act provides 3 years imprisonment or fine 5 lakh rupees or both



Popular posts from this blog

Doctrine of Notional Extension under the Workmen Compensation Act, 1923

  There is no problem in detecting that the accident occurred in the course of employment when a workman is injured in the working place and in the working hour and doing his duty. The problem arises when these elements do not coincide together. But a workmen if injured just near the work premises or just before joining the work or in the way to work problem arises. To address this kind of problem and giving some kind of relief to the workmen the theory of notional extension evolved. “As a rule, the employment of a workman does not commence until he has reached the place of employment and does not continue when he has left the place of employment, the journey to and from the place of employment being excluded. It is now well-settled, however, that this is subject to the theory of notional extension of the employer’s premises so as to include an area which the workman passes and repasses in going to and in leaving the actual place of work. There may be some reasonable extension in bot

Peace - A Way Of Life

To be peaceful is the sign of a conqueror.  We have often heard people saying 'follow the path of peace and you will be happy', 'preach peace' and many other phrases emphasising on a way of living- Peace. But what is it really about?  With reference of the holy Bible, peace is defined with notions like  totality or completeness, success, fulfillment, wholeness, harmony, security and well being.  The definition of peace changes with mindsets of people. For one, it is a sense of accomplishment, non- violence for another, salvation to a few and a lot more to others. But what peace exactly is? And how can we attain it? Peace is acceptance. A vision of seeing things and extracting optimism out of it. Peace makes life easier. To be satisfied is what peace is. To be able to look back at your life and accept all its darks and jewels is what peace feels like. Peace is a state of mind where your soul feels calm, free from the dirt of hatred, negativity, criticism, inferiority and

Appearance vs Reality of Merchant of Venice

One of the greatest writers of history is Shakespeare. William Shakespeare was an English playwright, poet, and actor, widely regarded as the greatest writer in the English language and the world's greatest dramatist in the history of English literature. He has written many masterpieces. In which are are Macbeth, Othello, Romeo and Juliet extra etc.  In which Merchant of Venice is one. The storyline of the play goes : The play commences on a street in Venice. Shakespeare introduces the central character of the play, Antonio, as a Merchant of power and influence. Bassanio, his friend, confesses to him that he is in love with Portia, a rich heiress of Belmont. To present himself as an eligible suitor to Portia, he seeks a loan from Antonio. Antonio has no money in hand to lend as his fortunes are tied up with his ships at sea. However, he promises to help us Bassanio to take a loan from money lenders using his(Antonio's)name. The entire play is based on the scenario that happens