Gross losses due to fraud committed on South African-issued debit cards,
Social engineering remains the primary method used by criminals when targeting victims. This involves the use of deception to manipulate an individual to provide confidential or personal information. Personal information includes identity documents, driver's licenses, passports, addresses and contact details amongst others.
Phishing is the use of a fraudulent email, which looks legitimate, to try to obtain personal information including passwords and card numbers. Vishing is the use of fraudulent phone calls or SMS phone messages for the same purpose - including to try to obtain one-time passwords.
In order to prevent banking fraud, the following measures can be followed

When destroying personal information, either shred or burn it - do not tear it up and put it in a garbage or recycling bag.
Never share your confidential information, including usernames, passwords, and PIN numbers with anyone. Do not carry unnecessary personal information in your wallet or purse.
Avoid sharing or having joint social media accounts and be cautious about what you share on social media.

PHISHING

Do not send e-mails that quote your card number and expiry date.
Do not click on links or icons in unsolicited e-mails. Do not reply to these e-mails. Delete them immediately.

Make sure your PIN and passwords cannot be seen when you enter them.
Review your account statements regularly and query disputed transactions with your bank immediately.
When shopping online, only place orders with your card on a secure website.
Register for SMS notifications to alert you when products and accounts are accessed.
Create complicated passwords that are not easy to decipher and change them often.
Do not use internet cafes or unsecure terminals (hotels, conference centers) to do your banking.

For more information contact us now on 010 502 1876 or send an email to info@protoactivetracing.co.za