With the development of contactless payment technologies, fraud involving the use of bank cards has become more sophisticated. A method that attracts the attention of many criminals is contactless payment via NFC (Near Field Communication). In this material, we will take a closer look at how fraudsters steal funds from bank cards and offer effective ways to protect against such schemes.
What is NFC and how does it work?
NFC is a wireless data transmission technology over short distances. It allows devices to exchange information when they are a few centimeters apart. NFC technology is used in modern banking to make contactless payments. For example, MasterCard's PayPass and Visa's PayWave systems allow users to simply bring the card to the terminal to complete the transaction.
Fraud with contactless payments
With the growing popularity of contactless payments, the number of fraudulent schemes is also increasing. The main methods of stealing funds through NFC cards include the following:
Contactless Skimming
Contactless skimming is the process of reading information from contactless cards using special equipment. Fraudsters create devices capable of capturing card data even if they are in a wallet or pocket. The data they collect includes the card number, expiration date, and CVC code. By obtaining this information, criminals can create fake cards or use the data for online transactions.
How do fraudsters work?
Fraudsters usually operate in crowded places such as public transport, markets, or large stores. They use devices with NFC functionality that can easily read data from cards in close proximity. This scheme works especially well when people are unaware of the risk and do not take precautions.
Bank Card Scams
Fraudsters can use various tricks to deceive cardholders. For example, they may pretend to be bank employees or security service representatives and ask for card data under the pretext of conducting a check. People, unaware of the deceitful situation, fall for this and give away their data.
PayPass Payment Fraudsters
The PayPass system is one of the most common contactless payment technologies. Despite its convenience, it also attracts fraudsters. They can use so-called "transmitters" that allow them to scan cards from a distance of up to several meters. This means that a fraudster can be near the victim without even touching them. For example, such cases have been recorded in public transport, where criminals using hidden devices obtained card data from passengers.
Risks of Using PayPass
While the PayPass system provides convenience and speed in making payments, it also increases the risks of data theft. Security becomes a serious issue when fraudsters have the ability to read data contactlessly without the victim's knowledge. This leads to financial losses that can overshadow all the advantages of the technology.
Protection Against NFC Fraudsters
Considering all the above fraudulent methods, it's important to realize that there are ways to protect yourself and your funds when using contactless cards. Some recommendations include the following measures:
Using Protective Covers
There are special sleeves and wallets with skimming protection. They are equipped with materials that block NFC signals, thus protecting your card from unauthorized reading. Just place your card in such a cover, and it will be safe.
Transaction Monitoring
Regularly check your bank statements and transactions in online banking. If you notice suspicious operations, report them to the bank as soon as possible. Many banks offer transaction notification services that can instantly inform you of any movements of funds in your account.
Education and Awareness
Understanding fraud schemes is an important element of protection. Educating yourself and increasing awareness of potential risks will help you stay a step ahead of fraudsters. Do not trust strangers, even if they seem serious. Be cautious in public places, especially in crowded situations.
In conclusion, contactless payment fraud poses a serious threat to bank card holders. Despite the convenience offered by NFC technology, it's important to remember the potential risks and take precautions. By following simple steps such as using protective covers, regularly monitoring transactions, and increasing awareness of fraud schemes, you can significantly reduce the risk of theft. Be vigilant to avoid unpleasant situations related to contactless payment fraud.