01 Dec 2023
After gaining the distinction of the world’s most populous country, overtaking China in June 2023, the Indian state finds it difficult to provide for its people. Therefore, millions of Indians travel to developed countries like Australia for jobs. A report by the Ministry of External Affairs, Government of India, said that about 496,000 Indians reside in Australia. They earn a living and, to offer financial support to their families back home, send money to India online from Australia.
Online money transfers are a norm rather than a rarity, but did you know that people who have to transfer funds online for any purpose are still struggling to come to terms with this practice?
Have you ever thought about the reason?
Well, you may have many reasons, but the one reason that stands out is the safety of your online transactions.
This blog will walk you through the safety protocols of your funds and online transactions to India from Australia.
Your online financial safety stems from overall online safety. So, if you understand online safety, you will automatically know how to stay safe online while transferring funds from one place to another.
So, online safety is about knowing the threats that exist online. But remember that knowing about the threats is not sufficient until you know the techniques and tips to guard against them.
This includes knowing how to protect your data, keep your information safe, protect your device from viruses and malware, and stay away from illegal or harmful content, plenty of which you find online, and also being able to manage your relationships online.
As an Indian migrant working in Australia, your online safety also includes how you choose a remittance transfer service provider for every money transfer from Australia to India for your family’s financial support because sending money from abroad is a regular practice. Right? So, can you afford experiments in trying different service providers for each money transfer?
Well, the answer is obvious!
You cannot stress the importance of your online safety enough. Imagine you have a substantial presence on the internet. You share your pictures and all that you can for your family, friends, and followers to see and appreciate. If someone steals this data, manipulates it, and uses it to blackmail you, what would you do?
Remember that you might upload a normal picture on the internet using any platform, thinking it is normal and cannot cause harm. But for scammers, these normal pictures are enough to trap you with because of the tools they can apply to bring about the desired changes.
And how do you allow scammers to have access to your data?
Well, that is by not being careful and conscious about your online safety!
Furthermore, the lack of online safety has caused financial harm to the tune of billions of dollars.
If you look closely, you will realize that every online scam and fraud boils down to fleecing you. Every variant of online scams and fraud leads to making you pay money to the one you should not be paying even a single penny to.
Even your virtual money transfers are most vulnerable to online scams. It is, therefore, highly recommended to choose a remittance service provider with extreme care if you want to send money online to India from Australia. Otherwise, your chances of adding up to the following frightening statistics would appear bright!
These are some of the current as well as projected financial losses that are likely to stem from online scams and fraud.
To protect yourself against online scams and to stay safe while transferring funds online, you must know some of the common online scams. Take a look below.
In this scam, you will find an email or messages that appear to be sent by a legitimate source, such as your bank, but these are fake.
In this scam, a scammer will steal your data to impersonate you to have access to your financial data for making fraudulent transactions.
In this scam, a fraudster will steal your credit card information to make unauthorized online purchases.
These are some of the most common frauds, while others include Chargeback fraud, Account takeover fraud, Friendly fraud, and Auction fraud.
While you look for different ways to send money to India from Australia, make sure to follow the safety tips given below so that your funds reach the intended recipient safely.
Keep your passwords strong, unique, and awkward. Use awkward combinations of words, digits, and symbols, and make sure not to add anything that is associated with you in any way.
Never use one password for multiple accounts. For example, your email account’s password should be different from the password you use for, say, your online banking app.
While you are working in Australia, you will find many open and public Wi-Fi connections. It is tempting to use them. But avoid the temptation and never use an open Wi-Fi.
While browsing the internet for any purpose, you will come across many links that appear to be genuine, but they are not. Never click such links unless you have verified their authenticity.
If you receive a call or message from a stranger directly or through social media platforms, make sure not to respond. Ignore such calls or messages and block them if you can.
While making a presence online by sharing your data and pictures, make sure to exercise caution and know full well what is worth sharing and what is not in the context explained above.
Make sure that you know everything about different online scams under different titles and the modus operandi of scammers. This is a sure recipe to guard yourself against these scams.
Your online safety should take precedence over all else as an Indian migrant working in Australia when you send money to India from Australia. Because otherwise, you can land in financial trouble. But choosing ACE Money Transfer for this purpose will not only ensure your transaction’s safety but also offer you speed, live, and market-competitive currency exchange rates, a simpler way to transfer funds, and much more from one window in exchange for a low fee.
Online safety is about knowing the online threats and dangers and also knowing the techniques, methods, and ways to guard against them. It is also about knowing how to keep your data safe and protected online.
Your online safety is important because if you are not careful about your online safety, you can fall victim to several types of online scams, which can land you in financial trouble, which you cannot afford as an Indian migrant in Australia.
The most common online scams you should know about are phishing, identity theft, chargeback fraud, credit card fraud, romance fraud, account takeover fraud, friendly fraud, auction fraud, and so on.
The common objective of all online scams is to trick you into paying money to the wrong person instead of the intended beneficiary of your money. Every online scam comes down to ultimately fleecing you.
You can protect yourself against all online fraud by knowing about them, not using open Wi-Fi connections, using strong and different passwords, keeping your software updated, never clicking suspicious links, being careful online, not responding to strangers, and so on.