Protect Your PIN! Don’t Be Another Fraud Victim

Anthea Personal Interest

A new wave of bank fraud and identity theft has been discovered in Ontario.

Using skimming devices and hidden miniature cameras at Automated Teller Machines (ATMs), criminals have been able to steal PINs and other personal information to make counterfeit cards and gain entry into personal banking accounts.

The technology used by the criminals has become very sophisticated. If you see anything unusual when using an ATM, contact the bank, owner of the premises, or the police immediately. And remember, always cover the PIN pad when entering your personal code.

Tips to Avoid Getting Caught by Credit Card Fraud

  • Memorize your PIN – never carry your PIN in your wallet or write it on the back of your card.
  • Never disclose your PIN to anyone.
  • Never leave your credit or bank access card as a “security deposit” or as identification.
  • Store your card in a secure place where you will immediately know if it is missing.
  • Report a lost or stolen card immediately.
  • Never give your account number to someone calling you on the phone, even if the caller says it will be used to claim a prize or award.
  • Always confirm the amount being debited from your card.
  • Never leave receipts and carbons behind.
  • Check your statements carefully.

An Easy Way to Cover Your PIN at an ATM

In just one year the Phonebusters National Call Centre received 7,629 complaints in the area of ID theft, estimating $8.5 million (CDN) in losses. The Canadian Council of Better Business Bureaus estimated $2.5 Billion (CDN) in annual identity theft related costs to consumers, stores, banks, credit card firms and other institutions.