Phishing involves use of fake emails and/or fake websites. Cyber Criminals send emails that appear to be from the customer's bank that direct a customers to a fake website. This website impersonates the bank's website and prompts customers to share their bank account access data for online transactions. This is a punishable offence under Section 43 of the Information Technology Act, 2000 with penalty upto Rs. 1 Crore.
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