Skimming fraud: Want to save your money? Follow these measures to avoid card cloning
Skimming fraud: The fraudsters are using skimming devices at the PoS machines or at the ATMs to clone your card and hack your account.
Skimming fraud: Plastic money has made money withdrawal easier for the Indian millennials. The RuPay card can be used like any other debit card for shopping, utility bill payments or for money withdrawal from ATM. However, with gaining popularity of RuPay and other bank debit cards, cardholders are advised to follow some tips that would ensure the safety of their hard-earned money.
On how to ensure the safety of your money from any kind of debit card fraud Pavan Duggal, a New Delhi-based cybercrime expert said, "The fraudsters are using skimming devices at the PoS machines or at the ATMs to clone your card and hack your account. Later on, these fraudsters will clone your card and then fish out your money without your knowledge."
See Zee Business Live TV streaming below:
Duggal — who is president of the cyberlaw.net said that awareness is the only solution to stop such crimes to happen as one small mistake may lead to losses to the tune of lakhs. On how a RuPay card beneficiary can ensure the safety of his or her money while using its RuPay card Duggal said, "Beneficiary of RuPay Card or another bank debit card is required to keep the Card in safe custody. Its PIN should be changed at regular intervals and should never be shared with anyone. While using the card at ATM Machine or PoS, PIN should be entered in the machine very secretly so that nobody could even guess about the PIN Number. As far as possible, Card should be used at authorized places/centers only. Besides, the PIN number should never be written on the Card."
Duggal said that the best way to remain insulated from PIN theft is to use the other hand covering the PoS or ATM keyboard while doing the transaction. It has been found that people ask for help from strangers while doing money withdrawal from the ATM and while doing this, they share the PIN of their RuPay Card that leads to fraudulent incidents taking against them.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
04:54 PM IST