Mobile Wallet Safety: Smartphone Stolen? Learn how to secure banking applications like Paytm Google Pay
Even thieves nowadays have to check your banking details first after stealing the phone.
Highlights
After stealing the phone, the thief first snatches your banking details. Hacking is so advanced that breaking your password or pattern is not a difficult task. Banking details of Google Pay, PhonePe, Paytm can also fall into the hands of thieves.
Mobile Wallet Safety: Nowadays your mobile phone has become like an essential part of the body. We use mobile phones not only for essential conversations but also for our banking transactions. Where we always carry our mobile with us, the chances of it being stolen are also greatly increased.
Even thieves nowadays are the first to check your banking details after the phone is stolen. Many times you keep money in Paytm wallet, apart from this your banking details from Google Pay, PhonePe, Paytm or BHIM app can also be caught by thieves. Today mobile hacking has become so advanced that breaking your password or pattern is not a difficult task for all four.
Caution is needed when such incidents occur. If you lose your phone, you can prevent misuse of your phone or its data by the following methods.
Block your SIM card first
Nowadays all banking transactions are secured with the help of mobile OTP. In that case, when your phone is in the hands of a thief, your OTP will also be in his possession. In this case, it is most important to block your SIM card immediately. Blocking the SIM card means blocking every app on the phone that can be accessed via OTP. However, you can reissue the same old number on the new SIM card.
Turn off mobile banking services
In order for thieves to break into your bank account, you need to block access to the bank details present in your mobile. You can call your bank and immediately stop the bank's mobile and internet banking services.
Disable UPI payment
Nowadays you make most of your payments through UPI. With the help of UPI, thieves can withdraw money from your entire bank in minutes. Remember that UPI services will continue even when you turn off online banking services. In this case, it is important that you disable UPI payments as soon as possible.
Block mobile wallet
Many times you keep money in your mobile wallet. Thieves can easily transfer this money. In such cases, it is important that you immediately block mobile wallets such as Google Pay and Paytm. For this you can contact the help desk of the respective app.
File a police report
The steps taken so far should be taken as soon as the mobile is stolen. The most important step is to report to the police. You can file a phone theft complaint at the nearest police station and also get a copy of the FIR from them. If your phone has been misused or your money has been stolen from your phone, this copy will be useful to you as evidence.
03-Dec-2024