Wide ranging sources continue to confirm that no payment method is totally safe, either it is credit card, cash withdrawal or online payment, we can never be absolutely certain. Thieves may attach skimming devices to the exterior of an ATM or point-of-sale terminals requiring a PIN or carry out “man in the middle” attacks to grab your passwords, card number, and other information.
But thanks to small measures and security systems of new generation, it is possible to avoid becoming a victim of fraudulent activity. ABI, Italian Banking Association, notes that in 2013 there were 23 thousand cases of fraudulent use of ATM and POS machines in Italy, which decreased to 21 thousand in 2014.
The idea of debit or credit card fraud can be devastating for each and every consumer. Once someone possesses your card information, you’re looking at several phone calls to your card issuer, filling out police reports and most likely long delays before the issuer credits your account. “A decrease due not only to increased consumer information, especially to an increase in the protective systems implemented on various fronts, both on the Net, and at ATMs and shops,” explains Stefano Torri, European Sales Director of March Networks, specializing in video surveillance systems. Therefore the banks, Carabinieri and Police try to inform and to decrease every year the victims of scams.
The tips to avoid becoming a victim of debit or credit card fraud include being cautious against phishing scams, using only secure websites for online transactions, creating strong passwords, and most importantly always be aligned with your banking and credit card movements and transactions.
What could be a better way to always be informed only with a message?
In Italy more and more people confide in the alert SMS banking services to be aligned in real time with outbound operations. Mobile Finance Report published by Ubiquity in February, clearly shows that Italians are increasingly relying on this service. When it comes to money, SMS alert service is the medium that most reassures us.
There is no doubt that the spread and ubiquitousness of SMS plays a key role in diminishing fraudulent activity.
There only remains visiting our website to learn more.