5 Ways To Protect Yourself From Debit Card Fraud In Canada
Want to find out how to stay safe from debit card frauds? Read this article to find out the top 5 ways to do so.
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Debit cards are being used more and more, but are they secure? People are looking for ways to steal your information when you pay using a debit card. One of the most common methods of phishing scams is robbing your card. And the other one is skimming the information from your card. This article will look at the various methods you can use to protect yourself from both types of fraud.
Ways of protecting yourself from debit card fraud:
1. Review statements
It is crucial to keep track of all the transactions in your bank account. You can protect your data by reviewing your account statements. This way, you stay safe from any fraudulent activity, such as hacking. This way, you will find unidentified transactions.
2. Keep statements safe
It’s easy to overlook the importance of the information on your bank statements. The statements contain information about your bank. Information that can help to identify your data is on there, too. By shredding transaction statements, you can ensure your financial data is safe.
3. Keep tabs on your debit card
One of the biggest fears of anyone who uses a debit card is losing it or having it stolen. When this occurs, you must deal with the consequences of being without money for at least a week, if not longer. That is why you need to keep tabs on your debit card. Not only to avoid the consequences of being left with no money but also to stay away from scams and identity theft.
4. Online transactions
Many people shop online and use mobile payment through their banking apps. Banking applications and systems are usually secure. Despite that, you need to keep your financial details safe. So, before you enter your debit card details, make sure the website has HTTPS. Ensure that the website is secure to share your account details.
5. Data storage
We all have a habit of keeping our passwords and pins written anywhere and everywhere. It is a dangerous habit to have. If anyone gets a hold of your password and PINs, they will have a field day with your bank account details.
While Canadian debit cards are faster and easier to use than ever before, it is critical to educate people about the risks they pose.
