The National Commission for the Protection and Defense of Users of Financial Services (Condusef) issued a series of tips to protect your money, specifically for users of bank cards with contactless technology, due to the increase in fraud in relation to this type of payments.
December is here and with it all the Christmas shopping and gifts, that’s why It is becoming a season of financial alert and we want to share with you the frauds identified and the recommendations to get through this time without deception.
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How do contactless cards work?
Contactless cards allow you to make payments by simply bringing them close to a terminal, that is, they use short-range communication technology. Although they are practical and fast, they can also be vulnerable to certain types of fraud if proper precautions are not taken.
Types of fraud identified
Condusef identified the following fraud methods:
Skimming digital
Scammers use altered handheld devices that scan card information at close range.
Payments without authorization
Some fraud consists of making small charges without the cardholder noticing. These transactions usually go unnoticed because they are smaller amounts.
Data theft
Although more complex, it is possible for the fraudster to obtain enough data to duplicate a card and steal the necessary data with portable readers that pretend to be real terminals.
There are also RFID frauds that can loot your information without the need to bring your card completely close to the reader.
Recommendations to avoid fraud and take care of your cards
Condusef suggests users follow these measures:
- Use protective cases and RFID blocking wallets.
- Constantly review your account statements to monitor transactions and identify suspicious movements immediately.
- Ask your bank for a limit on contactless payments, this will reduce the risk of significant losses.
- Activate alerts for every movement you make with the card. You can also activate or deactivate the card depending on how you use it.
- Inclined to use your PIN on every purchase.
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Although contactless cards are a useful and secure tool in most cases, It is essential that users take precautions to avoid becoming victims of fraud.
Condusef invites you to stay informed and report any financial deception immediately. This way we can all enjoy our Christmas gifts without worries.
With information from SUN.
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