Don't Fall Victim to Debit Card Fraud
posted on Monday, April 27, 2020 in Fraud
The digital age has allowed the implementation of cashless transactions. Gone are the days when we had to carry huge sums of money if we wanted to make a big purchase. With the use of a debit card, we can easily pay bills, order items online, schedule payments, and more.
However, the use of debit cards is not without its disadvantages. The increase in preference for paperless transactions has gained the attention of hackers and fraudsters. Protect your savings account with these useful tips:
Sign Up for Banking Alerts
Through banking notifications, you can receive text or email alerts for transactions involving your account. This includes excessive withdrawals, unauthorized fund transfers, etc. Any suspicious activity surrounding your debit card can easily be monitored through this feature.
Be Careful Where You Save Your Account Details
Refrain from storing your PIN code and debit card number on your mobile devices. Scammers can retrieve this data by simply hacking your phone or laptop. To add an extra layer of protection, try installing anti-virus and anti-spyware programs.
Beware of Phishing Scams
Fraudsters can set up fake websites that mimic that of your service provider. The moment you enter your login credentials, these individuals can gain access to your account. You can prevent this from happening by double-checking whether you have the correct web address for your bank’s online platform.
Connect to a Secured Network
Avoid accessing your online bank account through public or unsecured networks. Hackers can easily introduce malicious software and viruses to your device in these channels. Moreover, they can use this to access your hard-earned savings.
Become a Credit Union Member Today!
At Community 1st Credit Union, we can provide you with a secure savings account that will help you reach your financial goals. You can also manage your finances safely and conveniently from the comfort of your home or office with our 24 hour Online & Mobile Banking solutions. Contact us today to learn more.