United States, the use of debit cards is rising faster than all other forms of
payments. It’s no surprise then that debit card fraud is also rising. The bad
news is, with debit cards, consumers
don’t have the same liability protections as they do with credit cards so they
must be much more vigilant in their use. Here are the top three debit card frauds to
watch out for:
Online shopping fraud
use for online shopping is increasing, opening up more opportunities for
fraudsters to access your information. If there is malware on your computer,
they can access it there. If someone is eavesdropping on your Wi-Fi, it could
be from a middleman attack. It could also occur at the back end when your
information goes into a merchant database.
Use a credit card online for its greater protections or make sure the website is secure
Make sure your computer is up-to-date with the
latest antivirus, malware and antispyware software
Closely monitor your bank account online
Avoid clicking on pop-up ads offering free
number of ATMs continues to grow, ATM skimming
is as popular as ever. Skimmers attach a device to ATMs to capture debit card
information. Some skimmers attach cameras to capture keystrokes used to enter
PINs. It also occurs at gas stations.
Limit your ATM use to bank branches or where
video surveillance is available.
Cover your hand while entering the pin.
send emails that look legitimate, right down to your bank’s logo, asking to
“verify” your debit card number. Clicking on a link in the email sends you to a
fake website where you are asked to enter your information.
Banks, government agencies, or legitimate
businesses never request sensitive information through an email.
If an email looks suspicious, hover your mouse
over the sender’s name to reveal the real email address. If it doesn’t match
the actual email address of the bank or organization they claim to be, delete