Fraud is a modern day problem that plagues most people who depend on technological tools for financial transactions.

1. P R O T E C T I N G Y O U R S E L F
AGAINST DEBIT
CARD FRAUD

2. Fraud is a modern day problem that plagues most people who
depend on technological tools for financial transactions. One such
financial tool that is susceptible to malfeasance by cyber criminals
is the debit card. The modern day debit card needs to be operated
with careful attention because new means of committing financial
fraud keep emerging as fast as the technologies of today evolve for
the better.
FEW STEPS THAT CAN HELP

3. Here are a few things you need to keep in mind
about protecting your debit card.
IMPORTANCE OF BANKING ALERTS
TAKING CARE AT THE ATM
ADDING TEXT MESSAGE AUTHENTICATION
NOT SAVING YOUR CARD DETAILS ON
YOUR PHONE

4. IMPORTANCE OF BANKING ALERTS
As a consumer, the constant bombardment of messages from
someone or the other trying to sell you something can get
annoying. Alerts have gained notoriety for the sheer scale at which
they assault a consumer’s phone or email. The tragic consequence
of this is simply that most of us have become resolutely indifferent
to the concept of alerts themselves. The true tragedy of this, is
simply that banking alerts are very important to your personal
finances. Subscribing your debit card with banking alerts will help
you keep track of your own financial actions. Monitoring this and
making a habit out of reading your banking alerts will help you to
easily spot any suspicious activity related to your account.

5. TAKING CARE AT THE ATM
The treat of fraud is not just online. There could be people loitering
around the ATMs you use, waiting to steal your information. Being
constantly on the alert will do wonders when operating an ATM.
The obvious method of fraud is for a scammer to stand
uncomfortably close to you and steal your pin. The not-so-obvious
way is to attach a capturing device on ATMs that can strip your
personal information. Checking the machine that you are about to
use would help in this regard. Unusual instructions like, typing your
pin twice should be considered as a red flag by default. Anyone
making it a point to stand too close to you while you get your
transaction done is another sign that something is wrong.

6. ADDING TEXT MESSAGE AUTHENTICATION
This is such an important step that can protect your online account
even if your username and password gets compromised somehow.
Two step authentication process which gets directly linked to your
mobile phone via text messaging is remarkably helpful in
preventing instances of fraud. As phones have generally become
prevalent in today’s society, networking through this device has
gained a lot of relevance. Because of their rising importance,
strong protective measures have been added to personal phones
in the form of, fingerprint identification, pattern recognition and
the traditional password mechanism. So, adding a text message
authentication to your phone is a decent way to protect your
finances.

7. For the sake of convenience while transacting money, most people
prefer to save their debit card details in their phones and the
internet browsers they use.This is an irresponsible step that can
easily lead to trouble. Byhearting you card details should come as
second nature because they provide access to money that you
have earned from hard work. Saving your card details on your
phone for easier accessibility leaves you vulnerable because, a
compromised phone can easily grant a fraudster quick access to all
your money. It is very important to be aware of this in order to
avoid money loss.
NOT SAVING YOUR CARD DETAILS ON
YOUR PHONE
****

8. Debit card protection is an important aspect of living responsibly
in the 21st century. The threat of data leak is so pronounced that,
the necessary steps that need to be taken deserve no introduction.
Protecting yourself and your finances can be easy if you are aware
of the common swindling methods.
THANK YOU