web counter Digital Banking Crime: Protect your data, keep your money safe - LintasNusantara.net

Breaking News

Everyone will agree that crime is everywhere and can affect anyone. The key word is that a crime cannot happen because of the perpetrator’s intent but because of an opportunity. Perhaps some of us are used to paying attention to crimes that can occur on the street or at homes, such as robbery and theft. However, many of us are unaware of crimes in the digital world. However, if you are not careful, digital crimes can be committed through channels such as cell phones, the internet, and even your debit/credit card.

There are different forms of digital crime that can occur in society. However, at least three common digital banking crime that you should know about! Let’s have a cup of coffee and read it carefully~


Digital Banking Crime

1. Card Skimming

Digital Banking Crime

Card skimming is stealing debit card data by illegally copying (reading or storing) information on a magnetic strip. What is the magnetic stripe? OK, if you have a debit card, look at it now. There is always a black stripe on the back of your card. The black line stores all the essential information on your debit card, e.g., B. the card number, expiry date, and the customer’s name. So the copying of information onto the magnetic stripe is done via a card reader (card skimmer) that sits in the card slot of a debit or even an Electronic Data Collection Device (EDC) if you’re shopping with a debit or credit card.

Along with these actions, the perpetrator will also try to get your debit card PIN by looking at the button you press on an EDC device during a transaction or by using a small camera in a hidden corner of the EDC device. Once the perpetrator has received a copy of the magnetic stripe information and debit card PIN, the perpetrator will use the data to create a fake card and complete the transaction using the PIN they also received.

So limit your activities on social media, such as B. uploading birthday greetings, congratulations on someone’s birth, or even other vital moments, as criminals can track your possible debit card PIN code based on this unique data. So you must be wise and remain cautious so you will stay away from digital banking crime.


2. Phishing

Digital Banking Crime

Unlike card skimming, which uses a debit card as a channel to commit crimes, phishing actors use internet banking channels to obtain data from your credit card. Phishing is soliciting (baiting) computer users into divulging confidential information by sending fake vital messages, which may take the form of emails, websites, or other electronic communications.

The messages sent appear genuine and are usually accompanied by threats. Users are often trapped by sending sensitive personal information such as user ID, passwords, credit card numbers, credit card expiration dates, and card verification value (CVV). Remember, this CVV code is usually in the form of 3 separate numbers on the back of your debit or credit card. Now that you know how vital the 3-digit number on the back of your card is don’t let bad-intentioned people know it.


3. Carding

Digital Banking Crime

Online shopping is trendy, and digital crime has invaded e-commerce channels. One form of corruption is carding. Carding is an online shopping activity that uses illegally acquired debit or credit card details. Compare to other crimes, card reading is relatively easy as no physical card is required. card reading only uses elements from the debit/credit card you wish to target.

Typically, criminals seek and obtain debit or credit card data through fake marketing, fake merchants, recording of sensitive data by unscrupulous merchants, or lost cards. Once the person gets all our details, including the card number, expiry date, validity period, CCV, card limit, and other information, the perpetrator will use these details to make online shopping transactions, and the victim will bear the financial bill.


Tips to protect your money from digital banking criminals

Even if you are a little worried about the safety of your financial transactions now, don’t worry, as there are several efforts you can make to protect your money from digital banking criminals. You can do some tips below:

  1. Never provide personal information such as PIN, CVV, card number, validity period, etc., to any third party, whether through the website, SMS, Internet, or other channels. As long as you do not use this information for transactions. Make sure you update your PIN regularly and make sure your PIN is not just a number.
  2. Be vigilant when transacting at EDC machines or in e-commerce. Ensure no one sees you press the button when entering the PIN code at the EDC machine. You must ensure your debit/credit card is not swiped on a device other than the EDC or more than when shopping 2 (two) is drawn. Consecutive times unless due to failed transactions. Make sure not to download links from untrustworthy parties when shopping online as they may contain malware.
  3. Increase your card security through 3D Secure by using the One Time Password (OTP) code. This sent via SMS to cardholder customers every time you authorize a financial transaction. Make sure you speak to the issuing bank about this security feature.
  4. If there is a suspicious transaction, make sure and incite it. If there is a suspicious transaction that you did not make, do not panic. Hurry to process it immediately by opening the link sent or responding with your card information. But check with the issuing bank’s call center first.


So, there is no need to be afraid to engage in digital transactions. Become part of a cashless society as long as you remain vigilant and cautious when using a debit or credit card. It’s no different than being careful when carrying large amounts of cash. The only difference being the channel the person uses in committing the crime. So, please note!

Leave a Reply

Your email address will not be published. Required fields are marked *

Share Article: