Debit and credit card fraud cases are increasing. The news of this day is heard. In the latest case, Neha Chandra of Noida became a victim of this fraud. Neha, who works in a PR company, went to Paris for the New Year holiday where her wall was stolen while traveling by metro. Before she could understand anything, hackers stole Rs 1.5 lakh from her debit and credit cards. The most shocking thing in this was that this transaction was completed without OTP or PIN.Stolen money in three transactions
The hackers transferred money from the woman’s account three times. In this, transactions of Rs 52,499.99 and Rs 44,544.24 HDFC Debit Card and Rs 52,499.99 were done with their HDFC Credit Card. Immediately after the incident, Neha blocked the card by calling HDFC Customer Care and transferred the remaining money in the account to another account. He also lodged an FIR in Paris.
OTP is not required
In this regard, Rahul Tyagi, co-founder of Lucideus, a cyber security firm, said that the debit card issued in India does not require an OTP up to a certain amount when used for online transactions abroad. Tyagi further said, ‘Hackers only need a card number and CVV to do such fraud. Hackers have many ways to access the user’s PIN for ATM transactions. For example, a hacker can reset a pin as well as perform a skimming attack. ‘
Manan Shah, CEO of Avalans Global Solution, Mumbai, said, ‘Hackers have found many ways to bypass PIN-OTP of debit and credit cards. Point of sale machines do not require OTP for card transactions. In recent times, such cases have increased rapidly.
Stay alert like this
You do need to be alert in advance to avoid such an incident with you during your trip abroad.
– First of all you have to keep your card safe so that it is not lost or stolen.
Before going out of the country, inform your bank about this and minimize the limit of transactions without OTP.
– Keep an eye on account transactions and inform the bank immediately in case of any disturbance.