Rule 1: Keep the card information secure
Never write down your PIN or share it with anyone; shield the pad with your free hand when entering it on an ATM or a terminal. Keep the card number, date of issue, and CVC code away from the prying eyes (and ears!) as well. Remember: your bank will never ask for your PIN, CVV, or 3D Secure passcodes.
Rule 2: Look out for skimmers and shimmers
Fraudsters use these small devices to lift information from the magnetic strip or the chip on your card. Pick an ATM inside the bank building over one in a dark alley: there’s less chance it’s been tampered with. If the machine looks suspicious in any way, don’t use it.
Rule 3: Check transaction history in your bank’s app or statements
Make a habit out of it. If there are any transactions you don’t recognize, report them to your bank.
Rule 4: Block the card immediately if lost
Do so ASAP by calling your bank: you can find the number on their official website.
Rule 5: Dispose of cards and paper documents properly
Don’t just bin receipts, statements, and other financial documents: run those through a shredder first or burn them. When a card s expired, cut it with scissors through the magnetic strip and chip.
Rule 6: Use an antivirus on your devices
Download antivirus software to make sure no malware can get through and siphon your card’s data. Double-check the websites where you enter card details: trusted ones have a little lock to the left of the address bar.
Rule 7: Use different accounts for saving and spending
If possible, use a separate account for everyday payments: the loss won’t be that big even if it is compromised.
Have you ever fallen victim to card fraud? Share your story with others to help them stay safe.