Skip to Secondary Navigation Skip to Main Content

Current Beehive

NigeriaChange

Languages

Types of Card Fraud and Pin Safety

Interswitch provides these tips about card fraud and keeping your pin number safe.

Types of Card Fraud

Phishing: Phishing is the fraudulent process of used to obtain sensitive information such as usernames, passwords, Personal Identification Number (PIN) and debit card details by masquerading as a trustworthy company in an electronic communication. Phishers often direct users to enter details on fake websites identical with that of legitimate companies. The email is delivered to one’s inbox usually with the legitimate company’s email address (e.g. info@interswitchng.com).

Phishing is carried out through the following ways:

  • e-mail
  • text messages (SMS)
  • instant messaging (yahoo chat, hotmail chat, gtalk, etc)

Counterfeit Card Fraud: This form of card fraud takes place when a card is printed, embossed or encoded without a card issuer’s consent. Most cases of counterfeit fraud involves the process known as skimming where the original data on a card’s magnetic stripe is copied onto another card without the legitimate cardholder’s knowledge.
To avoid your card being skimmed – BE VIGILANT. Never let your card out of your sight while paying for goods and services at any merchant location.

Card-not-present (CNP) fraud: This form of card fraud is committed mostly over the internet. Card details are gotten through the theft of card details such as PIN number, card number and expiry date from discarded receipts or by copying your card details when carrying out a transaction.

 

Protecting Yourself Against Fraud

Just as protecting your money is the main concern of banks; protecting yourself online is your priority. Online theft is not strange but you need to be very careful lest you become the next victim.
Here are some steps to help keep your card information secure:

Use Alerts

Some banks currently offer the option of receiving transaction alerts either on your mobile phone or email. This keeps you updated of all your account transactions.

CARD & PIN Safety – DOs & DONTs

  • DO:
    • Report lost or stolen cards immediately.
    • Protect your debit, cash or Verve cards as if they were cash.
    • MEMORIZE your PIN - Never write down your PIN.
    • Ensure you change your PIN regularly at the ATM.
    • Ensure that you get your card back after every purchase either at a shop using a POS or at the ATM.
    • Ensure you keep copies of your vouchers and ATM receipts
  • DON’T:
    • Leave your ATM receipts at the point of withdrawal.
    • Lend anyone your debit card. You are solely responsible for its use.
    • Ever use your PIN as a password.
    • Ever disclose your PIN to ANYONE.
    • Ever disclose your PIN to:
      • Your Bank
      • InterSwitch
      • The  Telco’s ( e.g. Zain, MTN, Etisalat, Glo, Starcomms etc)
      • The Police
      • A Shop owner
      • Any company OR Person for whatever reason

NOTE THAT NO ONE SHOULD ASK FOR YOUR PIN NUMBER.

ATM Safety

Using your InterSwitch ATM card is a convenient and safe way to get cash. Just be sure to keep in mind the following safety tips:

  • Be vigilant
  • Avoid using ATMs in lowly lit or dark areas
  • Guard your PIN
  • Always use your free hand to cover the keys as your PIN is being entered
  • Use a different PIN for a different card
  • Be on the lookout for any suspicious actions, cancel all transactions and leave if you are suspicious of individuals around
  • Never leave your ATM receipts behind; your debit card details can be copied
  • Do not accept help from strangers

Online safety

It is important to apply more caution on the internet.

  • Never send your PIN or card details in the body of an email
  • Do not reply emails or click on web links asking for your PIN and card details
  • Before initiating online transactions be sure that the website has adequate security features to protect your debit card information
  • Check InterSwitch web merchant partner list/page for the list of registered and certified merchants from which you can safely purchase items
  • BEWARE of emails generally appearing to be from InterSwitch, your Bank or a Telecoms company either stating an upgrade on the network or requesting your PIN to claim prizes in a non existing (or sometimes existing) promo. These companies will NEVER ask for your card details either for any upgrade or before you redeem prizes
  • Avoid using public computers in cybercafés to shop online

Text message

  • Ignore all text messages informing you that you have won a prize and you should go to the ATM to claim it.
  • Never send/give your ATM card details or account information to anyone claiming to be from your bank OR Telecoms in order for you to redeem prizes.
  • Use your bank’s online security features.
  • Your bank may offer a keypad—that looks like an ATM keypad—on the login page. Use your mouse to click on the numbers to enter your account number and PIN. This way hackers can't tell the numbers you are entering.
  • Your internet browser may offer to remember your password for you. Always click 'No' to this offer when you're on the online banking site. If your computer stores this password a hacker may be able to access it.
  • Choose a password that has a mix of letters and numbers in upper- and lower-case, and memorise it rather than writing it down.

 

A Classic Scam Email Example


Dear Valued Customer,
Due to concerns, for the safety and integrity of the online banking community we have issued this warning message.
It has come to our attention that your account information needs to be updated due to inactive customers, fraud and spoof reports. If you could please take 5-10 minutes out of your online experience and renew your records you will not run into any future problems with the online service. However, failure to update your records may result in your account suspension.
This notification expires on April 15, 2010.
Once you have updated your account records your internet banking service will not be interrupted and will continue as normal.
Please follow the link below and renew your account information.
Regards,
Your Bank

 

Get more information on protecting yourself online from InterSwitch
 

0
No votes yet
Your rating: None

I really enjoyed the article.It proved to be Very helpfulπροωθηση ιστοσελιδων
to me and I am sure to all the commenters here!

»

Creator is working tricky to increase such considering. Much thanks to you for all the energy to make accessible such helpful information here. how to unlock your samsung phone

»

This event is organized by Lake which is known to the top brand in the cosmetic and beauty in India and I MG fashion which is a global leader in the management and production of fashion week and designer fashion events.dxn

»

You have done a great job on this article. It’s very readable and highly intelligent. You have even managed to make it understandable and easy to read. You have some real writing talent. Thank you.best wp themes

»

The truth is that in this world you can never be too safe. Internet banking is one of the things that should be treated with maximum seriousness as it should go under the highest level of security possible.trypophobia fear blue waffles pictures

»

App Creator It looks like I am raking in money now, but the truth is that it was not always like that! Just 6 months ago I was completely struggling. I had no programming skills, no team and no money. The only thing I had was a great desire to create the game of my dreams..

»

Fifa 15 Ultimate Team Points GratuitÀ la fin de l'année, ils vont compléter en France la construction de deux maisons qui pourront accueillir chacune 15 personnes de moins de 60 ans atteintes de la maladie d'Alzheimer.
Fifa 15 Ultimate Team Gold Gratuit

»

Phishers often direct users to enter details on fake websites identical with that of legitimate companies.
From: Yeast Infection

»

Guidance to be safe can be taught by an online guru and you are one of them.math help for kids

»

Thanks I like this site. very nice menghilangkan bau kaki dengan baking soda
. Anda memiliki masalah batu ginjal berikut
penghancur batu ginjal alami
dan jika anda suka Resep Soto Daging Sapi Enak
silakan dicoba

»

I wonder if the information in this post is true. Can anyone explain to me?
Sound Equipment Hire Manchester

»

I agree with your thoughts. Thanks a lot
Marquee Hire London

»

Thanks for good sharing, I will follow your site regularly!
Rattan Garden Furniture Essex

»

yes, I agree with you, no one should ask my PIN number. Good to know, thank you
Locksmith Sheffield

»

Internet is so powerful but it contains some risks. Thanks for your sharing so that I can protect my computer.
Magician London

»

I aways get great ideas from this site. Thank you for sharing
Wedding Photographer Norwich

»

It seems like we have a lot options, good to know, thank you
Cleaners Oxford

»

This will be the most favorite post that people read so much. Full of information there.
Heathrow Airport Transfers

»

In case you have ever conserved and retrieved an email from an email folder, you intimately know what virtualization together with cloud scheming are. Merely put, they suggest to a safe, reliable option to store together with access material from just about anywhere. Virtualization, Clustering

»

There are so many wonderful things on the internet and this post is one of the most specific one. Thanks for your sharing.
Childrens Entertainers Essex

»

Internet based business guides would also have a comprehensive section that would ideally educate you with regards to the legal aspects of running an internet business. myhowtoguides.net

»

Singapore's Little India is a bustling area that is a total assault on all your senses. The sights, smells, and tastes really put your senses on overdrive. shopinid

»

Everyone has heard of MLM/Network Marketing, but surprisingly few have heard of Cooperative Marketing. Those that have heard of it tend to lump the two distinct business models together, and this is undoubtedly because there are some similarities. superiorhomeservices1

»

Now days, you never know when someone is going to come onto your property, uninvited, and see if they can either steal something, or do some needless vandalism. Most burglaries and property destruction happen when people are away from home. eyeonhome

»

Home moving can be a very elating yet worrisome process, especially if you're moving with family. Moving the entire items of your home from one place to another requires a good amount of pre planning to ensure a smooth transition homesmoving

»

Business and company law comes under the umbrella of commercial law, being the area that dictates and drives ethical and legal business practices in both the private and public sectors of the economy. publicbusinesslaw

»

Gulp, I'm going to depart from my usual safe territory of writing nice how to articles and write something a bit more controversial. It's a big move for me, and I am hoping that I will survive to tell the tale, and not look very stupid in the process. www.capitalbusinessnetwork.org

»

You've decided to take your pet along on vacation. It will be more fun, and you won't have to worry about leaving a member of your family behind in an unfamiliar kennel. With some extra planning and forethought, you can have a safe and enjoyable trip with your pet. Hot pet

»

Is there such a thing as business theory? In reality, there are several. Business theory not only changes over time, but also differs from continent to continent, country to country, business to business and even manager to manager. business theory

»

The main difference between Personal Injury (PI) firms and other practice areas of the law is the monetary risk for the lawyer. Since most PI clients can't pay up front, the lawyer spends his own money as well as a great deal of time preparing and trying case; if he's lucky, he may recoup his investment in a year or two when he wins the case. theinjurylawnews

»

Are you a person who has recently bought a new boat or yacht? Do you feel an inner urge to customize the look and appearance of your boat? If yes, then read on carefully we have a loads of information to offer to you. rajangcruises

»

People from a myriad of backgrounds through different locations frequently go to Gurgaon town. Gurgaon is definitely known like a vibrant Indian native city along with a varied location with multi-ethnicity as well as multilingual lifestyle. hotels-in-milos.net

»

For most people mention of Alice Springs stirs up images of expansive and dusty red space, stark desert landscapes that are harshly beautiful, simmering under the hot sun that beats down onto the centre of Australia. www.ormistoneducation.org

»

There are many things to consider when choosing a therapist. Some insurance companies may even require that a counselor possesses a specific degree. www.counselingeducation.org

»

But there are ways to make things happen in your business so that you can climb back up to the top and come out with an over flow of income and clients for your minority business, almost to the point of turning them away. minority business solutions

»

MBA since the name states may be the master associated with business management. It shows you a great deal about how to enhance the management abilities. Distance Training MBA is becoming even more popular due to the benefits it offers. contentneteducation.net

»

Thanks for the information, this is definitely something you need to know if you have credit card and you want to use it online. Fraud could be anywhere, some extra security measures will always worth your efforts.

»