Imagine that you have lost your payment instrument and a fraudster finds it. He will not be able to cause serious damage to your financial situation, because to withdraw cash you need to know the PIN code, which is almost impossible to guess. If a fraudster tries to withdraw cash, the bank will automatically block it after three attempts to enter the PIN code.
The only danger that threatens in case of loss is purchases up to 1000 ₽, paid contactlessly: in such cases, you do not need to enter a PIN code. However, the bank will also block the payment instrument if there are several similar transactions in a short period.
It is much more dangerous if someone finds your card along with your phone. Yes, the attacker will not be able to log into the mobile application. Most likely, he will not even be able to unlock the phone. However, he will be able to make a transfer or a large purchase in an online store using the details. To confirm such a transfer or purchase, you lithuania mobile database need to enter the code from the SMS that will be sent to your phone and displayed on the screen. That is why it is so important to set up your phone so that the text of messages does not appear on the locked screen. Such settings are available on smartphones in the "Notifications" section.
What to do for financial security
To prevent fraudsters from accessing your funds, follow these simple rules:
Monitor your transactions . It may seem that SMS notifications are an unnecessary option that you have to pay for. We already know what transfers and purchases we make, and the balance can be viewed for free in the mobile app. However, even if you do not notice that you have lost your payment instrument, SMS notifications will allow you to protect your finances. Let's say someone found your card and paid with it in a store. You will receive an SMS, and you will immediately block it. If there is no SMS, the attacker can make several more purchases before the bank notices suspicious activity.
Keep your PIN and CVC/CVV secret . The PIN should be kept in your memory only, never write it on the card itself, as this will allow the fraudster to withdraw all the funds. And the CVC/CVV code is written on the back for a reason: no one should see it, not even the cashier in the store or the waiter in the restaurant. Do not let your card be taken away from you when you pay in bars, restaurants and cafes. An untrustworthy employee can take a photo of the back and pass the information on to the fraudsters.
Double-check any information about blocking and denial of transactions . To do this, call the bank's hotline and only it. Treat such stories with understanding, because the only purpose of blocking and denial of transactions is to protect your money. It is better to let the bank check a suspicious transaction that you are conducting yourself than to miss the actions of fraudsters.