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PAN Card Security: In today’s digital era, PAN card is not just an identity card but the key to your financial security. But do you know that even without touching the bank account, cyber fraudsters can make you a debtor of lakhs? This fraud is so silent that you don’t even notice it unless your CIBIL report gets ruined. Let us know how to avoid this invisible trap.

How is the net laid?

Cyber ​​fraudsters have very sharp and clever minds. For such criminals, it is very easy to make innocent people their victims. Most cyber fraudsters successfully extract all the information to your PAN number, often through data leaks or insecure websites. Apart from this, as soon as they get this information, they start taking big loans through different online loan giving apps using your PAN number. However, the most shocking aspect of this entire process is that the real owner of the PAN card is not aware of all these incidents at all, he has no idea that any fraud is being done to him.

Information is not received immediately when money is deducted

Moreover, a strange feature of the PAN card system is that while people get instant notification in case of fraudulent deduction of money from their bank accounts, no such instant notification is available in case of fraud to PAN. Its adverse effects are visible only when the fraudsters default in paying the EMIs (installments paid every month) of the loan taken, especially on your CIBIL credit report. It is important to note that during PAN fraud, the entire process goes on behind the scenes; As a result, people do not realize at all how big a fraud they are being subjected to.

how to protect yourself

If you discover that any kind of fraudulent loan has been taken in your name, you should immediately recognize that you have become a victim of cyber criminals without any delay. Without panic, immediately lodge a written complaint with the concerned bank or NBFC. Additionally, you can visit the website of a credit bureau like CIBIL and lodge a dispute regarding that particular entry. Also, don’t forget to file a complaint on the National Cyber ​​Crime Portal (1930) to ensure that you are fully protected legally.

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