Fraudulent Use of Debit Cards

 

Breaking news today is that millions of debit cards have been blocked by banks as fraudulent use of debit cards has been unearthed.

I fail to understand how the owners of debit cards could so easily be cheated.  Atleast I did not fall aprey

Since the last couple of months I have been receiving sms messages from a numer that is not exposed fully. That contact repeatedly has been sending me sms messages asking me to shop online using my debit card and mentioning the name of the bank.

No bank will promote any online shopping site. The attraction is that they have been offering heavy discounts for every transaction and different online shopping sites have been mentioned.

I was no fool. Each time I received that message I just deleted it. I feel many must have got tempted when discounts were being offered and so went about ordering for stuff little knowing that there was someone watching their transaction through some fraudulent means and got hold of all information.

News has it that online shopping sites have been receiving orders obviously from those who managed to get all the details of the debit cards  They were able to use debit cards that did not belong to them.

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This is only the tip of the ice berg when it comes to stealing information online. There are emails sent telling us that we are the recipients of huge sums of money left behind by someone and if we could only send them our contact details and some amount to help them initiate transactions. Many have fallen to this fraud and have lost their entire savings.

I therefore categorically put the blame on those who are eager to get money they have not earned and do no research before plunging into activity.

Changing passwords frequently and using complicated combinations could be one way to stay away from becoming victims apart from staying from being vulnerable to temptations such as the ones mentioned above.

 

 

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  • bestwriter

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    • This is increasing day by day . The online fraud of Debit card is not new. There are people who will be watching the transactions regularly. By the time you go for shopping online the information will be looped into their browser and it will be obtained easily. They add something additionally to actual request and got them delivered . But these are a very few cases.

      As the customer is greedy of the offers so much so the fraudsters. They are now for cash. Once they track the entire information they are directly targeting the cash in the debit card account and making it empty.

      I need not say about the SMSs about the WINNING A LOTTERY. They congratulate you on having won ...amount and ask you to submit details relating to your bank a/c cell number address etc and once you furnish it you are finish. So be careful about the Debit Card frauds which is gaining ground more than any other irregularities.

    • I totally not bothered with those promotional or advertisement SMS at all. To me, nothing is free or there is no free lunch in this world. This is the golden rule from stay away to this scam. If there is something in doubt, should call to your credit card center, but not the phone number given in the SMS for clarification. Again, the phone number in the SMS could a trap.
      Agree with you, changing password is the most easy and effective way to prevent from becoming victim. However, I am headache with too many password need to be memorized nowadays.

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