Attorney’s View: How to handle Debit Card fraudhttp://www.empowernetwork.com/wellcraft3/blog/attorneys- view- how- to- handle- debit- card- fraug?id=wellcraft3 December 21, 2012Protective measures on handling Debitcard fraudSeveral years ago I got an unsolicited call from my bankwondering if I was in Australia (I live just outside of Seattle,WA). I said no, I was not traveling at the moment. It seemssomeone had tried to hit my credit card twice in the amountof $5,000 each somewhere in Australia. The transactiondid not go through, as this amount of money was notcommon for me to spend outside the country, let alone theUSA and the bank has red flags set up for abnormalpurchases.I was lucky on this one, and have always wondered howthis information could have been accessed.Leaving a restaurant several days ago, I got to thinking how easy it would be to steal theinformation off of a debit or credit card when not in your hands, and started doing a little researchon how we can better protect ourselves. Once that card leaves your hands, goes into anotherroom, all that information on your card can, within seconds, fall into the hands of a thief.Now, I’m not saying all waitresses are thieves, but I got to thinking how easily and accessible creditcard info is available when it is out of your site. I have learned to pay for my meals at a restaurantby taking my card to the checkout counter, never letting it out of sight. Even purchasing with acredit card at a retail type clothing store, etc. can be risky. I found that a new way of thief’s accessyour credit card info is by using the video on their cell phone. Once instance, a person was at acheckout counter at a local pizzeria and noticed the clerk at the counter had his cell phone on thecounter. They later found out he had left his video recording device on, and while ringing up herepurchase with a credit card, passed the card over the phone’s video several times to record thefront and back card access info. Tricky!!!There are new card coming outnow that have RFID feeds in them.Instead of having to slide your cardthrough a reader, you just passyour card close to a new devicethat reads the radio frequencyinformation imbedded in your card.Problem is with this device, it’s notvery well protected. A personwalking up to you, close by, withan RFID reader in their coatpocket, can access your creditcard info through your own purse,and into your wallet. RadioFrequency Identification cards(RFID) , are emitting radio signals,
giving away what some securityexperts say is crucial informationthat could allow an electronic pickpocket to steal your credit card information without ever laying ahand on you. It may be wise that when issued a new card by a bank to refuse the RFID type ofcard.Here are some other security measures thatshould be considered when purchasing onlinewith a credit card:• Use a st rong online banking password;change it regularly and never disclose it to abank representative. A strong password is atleast 8 characters and includes a combinationof capital and lower case letters, numbers, andspecial characters.• Don’t ent er your password f or onlinebanking unless you see your cust omizedpict ure and phrase.• Limit where you log in. Never log in to youraccount at a public or unsecured computer.Use a separate machine for financialtransactions.• Never leave your comput ers or mobile devices unat t ended when logged in t o a bankaccount• Never email your account number or sensit ive inf ormat ion.Here’s some attorney’s advice on debit card fraud:• Do not sign t he back of your credit cards. Inst ead, put “Phot o ID Required”
• When you are writ ing checks t o pay on your credit card account s, DO NOT put t hecomplet e account number on t he “For” line. Instead, just put the last four numbers. The creditcard company knows the rest of the number, and anyone who might be handling your check as itpasses through all the check processing channels won’t have access to it.• Put your work phone number on your checks instead of your home phone number. If you havea P.P. box, use that instead of your home address.• NEVER put your social securit y number on your checks• Place t he cont ent of your wallet on a phot o copy machine. Do both sides of each license,credit card, etc. You will know what you had in your wallet and all of the account numbers andphone numbers to call and cancel if your wallet is lost or stolen.To limit the damage in case you have debit card f raud if your card is lost orstolen:We’ve been told we should cancel our credit cards immediately. But the key is having the toll freenumbers and your card numbers handy so you know whom to call. Keep those where you can findthem.File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. Thisproves to credit providers you were diligent, and this is a first step toward an investigation (if thereis to be one).Call the 3 national credit reporting organizations immediately to place a fraud alert on your nameand also call the Social Security fraud line number. I had never heard of doing that until advised bya bank that called to tell me an application for credit was made over the Internet in my name. Thealert means any company that checks your credit knows your information was stolen, and theyhave to contact you by phone to authorize new credit.
I hope some of these protective, pro-active measures are useful advice, and that you never haveto use implement them. In case you do, these measures, if followed, will make life much easier untilyou recover usage of the lost cards.Once you start seeing the money flow from your Empower Network business into your bankaccount, use this advice if you decide to establish a credit or debit card through EN.And if you haven’t had the chance to become one of our Empower Network team members, checkout this video again, JUST CLICK HERE, or if you have already see our introductory FREE videopresentation and are ready to join, just CLICK HERE and realize substantial savings that may notlast forever.See you on the inside.About The Author: wellcraf t3Graduate of the University of Washington (Huskies) and still watch every Husky gameevery Saturday. Retired owner of a Graphic Design firm looking for a little extra cashwith Empower Network. Living in Everett, WA and love to boat, fish, play golf, tennisand bowl. Two daughters have graduated from college... one living near LA, CA and one studying inNew York to achieve her Masters in International Relations.