Day by day, the mode of fraud against banking customers is increasingly diverse. Various modes of fraud can be done without the need to meet in person or without the need to take the card that you have. Therefore, it is important not to give the following data to anyone, even bank staff!
Banking fraud is the use of potentially illegal means to get money, assets, or other property owned or owned by financial institutions, or to get money from customers by fraudulently posing as banks or other financial institutions.
In many cases, banking fraud is a criminal offense. While certain banking fraud laws vary depending on jurisdiction, the term bank fraud applies to acts that use schemes or intelligence, which are contrary to bank robberies or theft. For this reason, bank fraud is sometimes considered a white-collar crime.
The latest information obtained helps you to find out about the development and various modes of crime that often afflict customers who hold credit and debit cards. Because usually the bank will present various things as a form of warning to its customers. To avoid fraud with fictitious transactions, consider 3 important things that you must keep a secret:
PIN (Personal Identification Number)
PIN is a secret password number to enter your account. Do not let the info such as the PIN number you write or the photo and then put it in public places. Remember that even the Highest Bank will not ask to tell you the PIN you have for any reason.
CVV (Card Verification Code)
CVV is the last 3 digits of the number found on the back of the credit card. Usually there is a signature on the back of the credit card. Only the card holder has the right to know the CVV number. Keep in mind, CVV numbers, as well as OTP and PIN numbers are very confidential, you may not even inform the Highest Bank and BCA BANK will never ask for a CVV number.
OTP (One Time Password)
OTP is a dynamic password that can be sent by banks or online buying and selling sites via SMS / email. This OTP is given to request approval of access to your account, such as debiting an account or deducting credit. OTP can also be considered as an authorization code for a transaction, so if there is an unknown person who asks you to mention the OTP number with the mode of wanting to transfer prize draws, immediately decline!
Those are some ways to be able to recognize the validity of each transaction you make online. Be careful, that’s the attitude you should always do every time as a user of credit cards and debit cards. Certainly not a pleasant thing if at any time you or someone around you become a victim of banking crimes. Because such events could have a negative impact on your entire savings balance or credit card limit.