From Live Mint
When you carry cash, you run the risk of losing the money or getting robbed. Similarly, there are risks involved in digital and online banking as well. According to a June report by PricewaterhouseCoopers Pvt. Ltd (PwC), as financial institutions use more digital banking channels, the new technologies make them more susceptible to fraud.
But that doesn’t mean you should avoid digital transactions completely. In fact, it’s a convenient and cost-effective method. All you have to do is be aware of the risks and not disclose any confidential information such as password or personal identification number (PIN).