We hear about such thefts now on a more occasional basis and to get avoid being a part of it, you must be aware about the different ways in which fraudsters rob you off your hard-earned money via debit or credit cards. At the same time, you should take the necessary precautions as suggested by time and again to avoid being encircled in such a situation as after getting in a trap, it becomes quite a cumbersome exercise to get over it.
And this goes valid while using net banking or while using your debit or credit card at a ATM machine, in both the cases you need to exercise utmost carefulness:
Different cyber crimes: Here below we'll in brief discuss the different methods used in cyber threats
In this crime, cyber create a copy of your debit or credit card and thus get complete control of your bank account and using which they now have access to your bank account funds.
In this technique, fraudster installs a camera or another ATM key pad to record a person's PIN At the card reading slot, a cloning device is configured which upon successful cloning is used to create another card.
Vishing: Here in this, mode of phishing is used via voice mode over which key confidential data is being asked of you such as card number, ATM PIN and CVV etc on the pretext of verifying your card. It is to be noted that the general case here confronted are where scamsters scare people on the premise that their card will be blocked in a day, if they do not go by what they are saying and customers fearing such a situation give in to the demands of these fraudsters.
Phishing: Legitimate-looking mails which otherwise do not have substantial base try to cheat financial and other personal information from you. These e-mails have a link to the fraudster's webpage and may showcase bank's logo that could illegitimately ask you of important credentials such as passwords, PIN, OTP, CVV, etc.
Some Important Do's
Give a minute of your time to assess the ATM keypad on its structure as well as the card reading slot. On a mild nudge only, any installation might get loose.
Presence of any hidden camera or holes should be checked for.
Also, as a gentle reminder again banks never make a call or message to ask you of your important information that includes PIN, CVV, OTP, card expiry date, net banking login or transaction password, your reward points redemption information.
Also, always remember that your bank will never call, message or email you for asking your important confidential information.
And even after exercising such cautious steps as to not responding to calls or messages, not downloading such suspicious links etc, even in the worst of case if you happen to fall prey to these scams, you should first report it to your card issuing bank and get the card blocked and at the same time get the FIR filed at the local police station near you.