Credit or debit cards are now a major source of financial support for consumers. In addition, a significant portion of financial transactions in the country is now being done through mobile financial services (MFS). But with a little carelessness, these simple digital transactions can become a source of financial loss for you. So know how to secure your money in digital transactions.
Mahbubur Rahman Alam, an associate professor at the Bangladesh Bank Training Academy (BIBM), said the bank’s cards are fairly secure in terms of technology. The MFS system is also quite secure. As a result, direct security risks from service providers are much lower. Therefore, more frauds are happening in Bangladesh due to the negligence of the customer during the transaction of money including shopping.
To avoid the risk of credit card, a customer must give utmost importance to the security of his card and PIN number; Do not give sensitive information related to the credit limit of the card, expiration date and other security related information including CVV to an unreliable person and do not write the PIN number on the card or anywhere that can be easily found. Many people now pay by card swipe when making direct purchases. In that case, when giving the PIN number, see if anyone from the neighborhood is noticing you.
When it comes to online shopping, it is best not to pay with an anonymous card without a trusted site.
Fraudsters often send links to social media or text messages with cautionary advertisements or tempting offers. By accessing these links, hackers can gain access to your personal information. Be aware of this.
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Change your PIN number from time to time for added security. If the ATM card is lost, immediately call the helpline of the concerned bank and block the card. Also keep a general diary (GD) at the nearest police station.
In many cases, the fake person calls the name of the service provider and wants to know the information related to the card or MFS such as card number, expiration date and card verification value (CVV). But no organization has a rule to ask the customer for this personal information. So if someone wants information like this, don’t give it.