Alert! Don’t Let Fraudsters Exploit Your Card Details to Steal Your Money

From online loan frauds to online card frauds, fraudsters have mastered the art of hacking easily even while sitting remotely in some corner of a shady garage. With an entirely new breed of scammers coming up with ingenious ways to circumvent security measures, today, it is a more organised market. Fraudsters may now exploit your card details in ways unimaginable.

So, what is debit card fraud?

It is when someone steals your ATM PIN or debit card number and uses the same to make fraudulent/unauthorised withdrawals or transactions from your account. Listed below are some of the most common ways of debit card fraud:

• Card skimming: Fraudsters may install a card skimming device to get access to your card's electronic data at places such as a fuel pump station, or worse, the ATM itself. This would skim your debit card information which is further used by the fraudster to steal your money

• Eavesdropping: With fraudsters undertaking sophisticated methods to dupe people, there is an electronic device that can be used by them to read your card details and capture data. Other activities such as wiretapping can also be used for collecting the details

• Card shimming: This is a device that can be used to obtain the data encrypted in the chip on the debit card

• Card trapping: There are certain devices that can be installed on the ATM and these devices can trap your card. In fact, you may even be unable to remove the card once it is inserted in the slot. This can also compromise your PIN

So, how exactly can you prevent credit card fraud in India?

• With online loan frauds in India on the rise, it is important to always destroy any bill or document that has your credit or debit card information before discarding it




• Say “NO” if anyone ever asks you for your card details via mail, SMS or call




• Always keep your credit and debit cards safe with you. However, if your card gets stolen by any chance, make it a point to immediately report it to Bajaj Finserv, via the Experia app and get it blocked




• Be wary of using your card for online transactions. Ensure that websites used start with HTTPS only

Review your bank accounts regularly and in case of frauds contact Bajaj Finsery at https://www.bajajfinserv.in/reach-us

Stay alert, stay safe from online frauds in India.

Savdhaan Rahein. Safe Rahein.

Read more:
• Cautionary Note - https://www.bajajfinserv.in/cautionary-notice-new.pdf
• Infosec Page - https://www.bajajfinserv.in/infosec-pages
• Fraud Awareness Blog - https://www.bajajfinserv.in/insights/fraud-awareness