Do you know that thieves these days search for just one thing once they obtain your mobile phones? Your bank details. Not to forget with additional and more people opting for electronic payment apps, it’s not that will difficult for smartphone robbers to access these wallets. To give you an example: criminals in Brazil’s Sao Paulo were reportedly stealing iPhone handsets not to resell but to access the bank details of the owners of these devices and steal their own money.  

With such incidents visiting light, the only way ahead is to stay careful and stick to these steps immediately if you shed your phone or if this gets stolen.    

Block your own SIM card

The very first and foremost is to assure the phone number isn’t misused if or when you get rid of the phone. Blocking the SIM card also means blocking every application on the phone that can be used via OTPs. You can always get the same number issued on a new SIM card. It may take some time, but your privacy and cellular wallets are far more important.  

Block entry to mobile banking services

They are just a faucet away and therefore it’s important to obstruct access to these services. Your SIM card and mobile applications go hand-in-hand, for simply no transfer can happen without an OTP on the registered number, but both need to be blocked when the phone is lost or even gets stolen.  

Deactivate UPI payment

A small delay can cost you dearly. Once the access to online banking services is usually denied, the thief might try to fiddle with another feature, UPI payments, and hence this, too, needs to be taken care of immediately. Deactivate it as quickly as possible.

Block all of the mobile wallets

They have made lives extremely easy but mobile purses such as Google Pay plus Paytm may well prove to be pricey if your phone reaches the incorrect hands. Get in touch with the respective app’s help desk and be sure no access is given to anyone until you setup the wallets again on the new device.  

Go to the police, document a report

After you have taken care of the aforementioned things, actually is crucial to report the matter to the authorities. Ask for a duplicate of FIR, which you can then use as evidence in the event the phone is misused or your money is stolen despite taking all the measures.      

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting inventor Alok Jain on Orbital , the particular Gadgets 360 podcast. Orbital is available on Apple Podcasts , Google Podcasts , Spotify , Amazon Songs and where ever you get your podcasts.
Telephone Stolen? Things to do to keep your banking details and on the internet wallet safe