Credit, debit card frauds and how you can avoid them On 1. October, the country woke up to a banking nightmare. The State Bank of India SBI blocked 6 lakh debit cards after a reported malware related breach in a non SBI ATM network. In what is possibly Indias largest financial data breach, nearly 3. HDFC Bank, ICICI Bank and Axis Bank, were compromised. As per the National Payments Corporation of India NPCI, 9. ATMs were impacted and at least 6. Rs 1. 3 crore in fraudulent transactions. Even as the council of Payment Card Industry Data Security Standard PCI DSS, an international body that sets data security standards, has ordered a forensic audit, banks have advised their customers to change PINs and confine themselves to own bank ATMs. The customers, meanwhile, are worried about how secure their debit and credit cards really are. Its a justified concern, considering that nearly 2. Rs 2. 4,3. 41 crore via points of sale POS and Rs 2. ATMs, while 6. 9. Rs 2. 1. 9 lakh crore through ATMs and Rs 1. POS in July 2. 01. This is a fortune that fraudsters are waiting to tap into through several, ready loopholes. Banks are definitely revisiting their network security by applying additional layers of security to prevent any compromise, says Rajiv Anand, Executive Director, Axis Bank. Descargar Programa Para Ver Archivos Pdf Para Windows 7 Gratis. Even as the RBI and banks are trying to stay one step ahead by introducing several security features, including chip based cards and two factor authentication, customers need to take the initiative to prevent being conned. We list here the various ways that cards, credit and debit, can be used to commit fraud and steps you can take to steer clear of these. HOW YOU CAN BE DUPEDCard fraud basically involves theft of identity or information on your cards. This information is then used to make ATM withdrawals or conduct online or offline transactions. The stealing can take place in one of the following ways Automated Teller Machines ATMsThe machines have become a favoured target of scamsters see 5 traps set up by fraudsters at the ATM. Ask Mumbai based Rupali Pandagale see below, who went for cash withdrawal to another banks ATM. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more. You have not yet voted on this site If you have already visited the site, please help us classify the good from the bad by voting on this site. Bing helps you turn information into action, making it faster and easier to go from searching to doing. Dilshuknagar Branch now open. Book your appointment with Dr. Satyavani MD, DM Endocrinologist IDEACLINICS is proud to expand its range of services IDEACLINICS. Hdfc Phone Number Update Online Listings' title='Hdfc Phone Number Update Online Listings' />Best Multispeciality Hospital Mumbai, The origin of Bhaktivedanta Hospital Research Institute lies in the vision of a few dedicated doctors. Way back in 1986. Used car loan Search from a wide range of preowned cars and get up to 100 funding. Apply online to get preowned car loan at HDFC Bank today Complete detail of IndiGrid InvIT Fund IPO including IPO share price, issue date, bidding status, allotment detail, listing at BSE NSE, reviews and recommendations. ICICI Prudential Life IPO, Details, Price band, Date, Listing, Allotment, Financial performance, Subscription, Review, Broker, Analyst, Demat, Anchor, GMP. I put the card in one of the machines, but it wasnt working. So I took out Rs 2,5. Five minutes later, I got an alert saying another Rs 1. Rupali Pandagale. Salaried, Mumbai Fraud ATM withdrawal from other bank machine. I inserted my card in one machine, but it wasnt working. I withdrew Rs 2,5. Five minutes later, I got an alert that Rs 1. When February 2. Amount Rs 1. What did she do I contacted both the banks and asked for video footage, but they refused to share it with me. They insist I conducted the transaction and have failed to remit the amount. Current status Unresolved. There are various techniques fraudsters use to steal your card information Skimming This technique involves attaching a data skimming device in the card reader slot to copy information from the magnetic strip when one swipes the card, says Mohan Jayaraman, Managing Director, Experian India. They also set up cameras near the machine to get the PIN, he adds. Card trapping This is a barb that retains the card when you insert it in the machine and the card is retrieved later. Shoulder surfing If you find friendly bystanders in the room or outside who try to help you if your card gets stuck or peer over your shoulder, beware. They are there to get you to reveal your PIN. Leaving cardPIN If you write your PIN on the card and forget it in the ATM kiosk or the machine, its a virtual invite to be scammed. Online transactions. The ease of e shopping or online bill payment is matched by the felicity with which identity theft can be carried out on computer or smartphone. This can then be used for unauthorised transactions. Mumbai based Girish Peswani see below knows it well. I was in my office when I got alerts about online transactions abroad made using my credit card, he says. There are various ways this credit card information could have been stolen from Peswani. Girish Peswani. 44 years IT consultant, Mumbai Fraud Illegal online transactions. I was in my office when I got two alerts showing online transactions on my card in The Netherlands and Australia. When August 2. Amount Rs 1. What did he do I blocked the card and contacted the bank. Zbrush Tutorials. They asked me to get a new card. I asked them to resolve the issue first, but they continue to send me credit bills for the amount spent and a huge interest amount too. Current status Unresolved. Pharming In this technique, fraudsters reroute you to a fake website that seems similar to the original. So even as you conduct transactions and make payment via credit or debit card, the card details can be stolen. Keystroke logging Here, you unintentionally download a software, which allows the fraudster to trace your key strokes and steal passwords or credit card and Net banking details. Public Wi Fi If you are used to carrying out transactions on your smartphone, public Wi Fi makes for a good hacking opportunity for thieves to steal your card details. Malware This is a malicious software that can damage computer systems at ATMs or bank servers and allows fraudsters to access confidential card data. Merchant or point of sale theft. This is perhaps the simplest and most effective form of stealth, wherein your card is taken by the salesperson for swiping and the information from the magnetic strip is copied to be used later for illegal transactions. Phishing vishing. While phishing involves identity theft through spam mails which seem to be from a genuine source, vishing is essentially the same through a mobile phone using messages or SMS. These trick you into revealing your password, PIN or account number. SIM swipe fraud. Here the fraudster contacts your mobile operator with fake identity proof and gets a duplicate SIM card. The operator deactivates your original SIM and the thief generates one time password OTP on the phone to conduct online transactions. Unsafe apps. Mobile apps other than those from established stores can gain access to information on your phone like passwords, etc, and use it for unauthorised transactions. Lost or stolen cards, interception. This is the oldest form of theft, wherein transactions are carried out using stolen cards, those intercepted from mail before they reach the owner from the card issuer, or by fishing out information like PINs and passwords from trash bins. Cards using other documents. This is also an easy form of identity theft, where new cards are made by the fraudster using personal information that is stolen from application forms or other lost or discarded documents. HOW TO PREVENT FRAUDSome basic, preventive steps can ensure that you do not fall prey to credit or debit card fraud. Heres how ATM safeguardsStay away from ATMs that appear dirty or in disrepair. They may not work or, worse, may be fake machines set to capture your card information, warns Navroze Dastur, Managing Director, NCR India, a financial security solutions firm. Here are some other things you should keep in mind heck machine Do not use ATMs with unusual signage, such as a command to enter you PIN twice to complete the transaction, says Dastur. Also watch out for machines that appear to have been altered, if the front looks crooked, loose or damaged. It could be a sign that someone has attached a skimming device, he adds.