Over 50% Of Indians Share Their Phone Number Publicly, Become Victim Of Cyber Fraud [STUDY]

Must Read

Facebook Reveals Big Plans Behind The WhatsApp JioMart Integration In India

After Facebook Inc. (NASDAQ:FB) acquired a minority stake of 9.99% in Jio Platforms for a whopping $5.7 billion in...

Can CBD Gummies Be Beneficial For College Students?

College students often feel more pressure than they have ever—or will ever—feel in their entire lives. Many...

Facebook Launches Music Videos to Eat into YouTube’s Market

With the launch of Music Videos, Facebook has made another competitive move against its biggest opponent, Google.

Indians have got the least respect for their privacy and personal information. And, that’s why once again highlighted with the way they distribute their sensitive personal information.

As an initiative for Safer Internet Day, OLX, an international online marketplace, started conducting a survey known as the Internet Behaviour Survey last year. This survey, which studies Indian netizens, aims to gauge the level of cyber hygiene generally practised by urban and rural internet users in India.

The data for the Internet Behaviour Survey 2020 was collected from 7500 urban and rural Indian netizens, falling in the age range of 18-55 years. The survey reveals crucial data regarding an average Indian user’s safety practices on the internet, from reading privacy policies to habits about sharing sensitive personal information like address and bank details online. Additionally, the survey also examines parents’ practices to ensure their children’s safety online.

Advertisements

Major internet hygiene trends among Indian users

The study found some alarming gaps in safe internet use among Indians, and, at large, the figures remain similar to last year’s survey, with a few exceptions, some good and some bad.

73% of users reported skipping reading privacy policies and terms and conditions due to their complexity. This figure has increased by 6% compared to last year. 27% responded in the affirmative regarding the practice of reading privacy policies and safety-legal guidelines of services they used.

More than half the sample admitted to sharing their phone numbers and residential addresses online. This percentage dropped as compared to last year, but only by 4%. However, the most worrying findings pertained to sharing OTPs and UPI/bank details on the internet. A shocking 26% reported having shared OTPs online. An even more shocking 22% admitted to sharing financial details such as card numbers, UPI pins, and even bank account passwords.

The study also highlights some eye-popping facts related to their online banking habits.

61% of the respondents made more than 5 online transactions in a month, most of which were for online shopping or bank transfers. At the same time, 51% of respondents showed greater trust in offline transactions.

Advertisements

Around 37% of users regularly change their online banking passwords. Whereas 63% don’t. A third of the users cannot recall the last time they changed their passwords.

Encounters and attitudes towards financial frauds

Given the lack of precautions taken by Indian netizens, it is not all that astonishing that 66% have been the target of scamming and phishing attacks by fraudsters.

While 48% of the respondents showed a willingness to report such attacks, 52% of the actual victims did not report the frauds due to apprehension.

However, some positive findings were an increase in parental monitoring of children’s internet activities, which was 60% last year and increased to 66% this year. 72% of the respondents were also aware of the dangers of carrying out online transactions over public/unsecured Wi-Fis.

The way forward

Since India is the second-largest country by the number of mobile subscribers and smartphone users in the world, with an ever-increasing availability of internet services all over the country, it is necessary that people become more aware of privacy guidelines. By the end of 2019 there were 1.15 billion mobile subscribers and over 500 million smartphone users in the country, making it fall behind China only.

With services like Bhim UPI, it becomes even easier for fraudsters to attack people using methods that result in the victim sending large amounts of money to fraudsters while being under the impression that they’ll receive money. One such case took place recently, where a man was robbed of around a lakh in rupees while trying to sell furniture online, due to a UPI scam.

One recurrent issue seems to be the difficult language used in privacy policies. Steps should be taken to make this information more accessible to the layperson, by making the wording of these guidelines easier to follow for those who don’t necessarily speak English as their first language.

Since India also has a variety of regional languages, translations should be made available, whenever possible. General awareness can also be attained by advertisements issued by the government and private entities offering an online service.

A 2019 study revealed that 60% of internet-using Indians were worried about the safety of their data.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

After Facebook, Now Twitter is Caught Abusing Phone Number For Ads

Thanatophobia, or fear of death, is a relatively complicated phobia. Similarly, fear of losing your digital accounts to...

Warren Buffett’s Stake In Apple Is Worth More Than Combined Valuation of All Startup Unicorns in India

The Oracle of Omaha has got an eye for a good bet and it's proven time and again. Once a popular critic...

Microsoft Aims Global Acquisition Of TikTok, Including India!

It seems like TikTok can finally shed its Chinese origin from all over the world. It has recently...

Will Google’s Move To Delete 2,500 YouTube Channels Add Fuel To The Fire With China?

The US-China trade war has started rearing its ugly head. Both sides are now turning to extreme measures on the digital front...

Will You Buy iPhone 12 Pro At US$20,500?

if you are suspecting any typo error here, you are highly mistaken! The price of iPhone 12 Pro is US$ 20,500 now...

Google Is Shutting Down Google Play Music

Google Play Music will soon be buried in Google's graveyard. The company has announced that by December the service will be completely...

In-Depth: Dprime

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

Fantastic 4: Four Day Work Week A Flashpoint Of Innovation?

It has been an idea that has been mooted by many, perhaps also somewhat sceptically. From being a dark horse to becoming...

More Articles Like This