- This topic is empty.
Viewing 1 post (of 1 total)
-
Posts
-
Tap-and-go fraud is on the rise, so caution during the holiday season when using contactless payment methods such as tapping cards is needed.
While these convenient payment methods simplify transactions, they’ve become a target for fraudsters looking to exploit unsuspecting individuals.
Fraudsters have evolved beyond traditional methods like phishing emails and phone scams. Now, they exploit modern technology to steal money directly from people’s accounts by intercepting tap-and-go transactions.
TAP-AND-GO:HOW TO PROTECT YOUR MONEY THESE HOLIDAYS
Reana Steyn reveals that every year, she receives numerous complaints from victims who fell prey to tech-savvy fraudsters. She emphasises the need for vigilance when making purchases using modern technology, whether in-store or online.
Even online shoppers are not immune, as criminals leverage technology to defraud individuals.
Steyn advises consumers to verify the legitimacy of online retailers and ensure they adhere to legal standards to protect customers’ sensitive information.
Steyn emphasises the legal obligations that businesses have to safeguard customer data. Establishments that prioritize data protection are mandated by law to implement robust security measures.
She underscores the importance of never sharing confidential information with strangers and encourages swift action if anyone suspects they are being scammed.
Victims should contact their banks immediately to report any suspicious activity.
PROTECT AGAINST GETTING YOUR CARD INFORMATION STOLEN
Steyn sheds light on the mechanics of tap-and-go fraud, explaining that thieves use smart gadgets like smartphones and smartwatches to connect to payment platforms using stolen card information.
Fraudulent transactions are then executed without requiring one-time pins or OTPs.
Moreover, Steyn reveals that fraudsters often send messages to victims, prompting them to complete an authentication process they never initiated.
These messages contain sensitive details like bank card numbers and OTPs, which have been unlawfully obtained.
In response to this rising threat, Steyn advises bank customers to promptly report any suspicious notifications, even if they did not initiate the transaction. Vigilance and immediate action are crucial to thwarting tap-and-go fraud during the festive season.
SOURCE:Tap-and-Go fraud: Protect your money this holiday season (thesouthafrican.com)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.