People put their money in banks to make sure that their money is well kept and safe. Although banks already take rigid security measures to ensure the safety of their patrons, it’s better if you take additional safety precautions as well.
Money is not the only thing that can get stolen through your ATM card. Unfortunately, in order to extort more money, some burglars resort to identity theft.
Identity theft is defined by the FBI as “knowingly transfer or use, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of federal law, or that constitutes a felony under any applicable state or local law.”
There are at least three ways you can fall victim to this heinous act through the use of your very own ATM card:
This is probably one of the most common ways thieves steal money from ATM holders. They install a skimming device in an ATM so that the unsuspecting withdrawer will be unaware that they are actually giving away their private information while getting money.
In order to avoid this, it’s best to choose an ATM in bank branches or in places where there is relatively high security. It makes it unlikely for thieves to be able to install skimming devices in these locations.
Online transactions can be a bit risky. Some thieves pose as either shops or buyers in order to gain account information from ATM card users. They can use your online information to buy or trick someone into paying something on the internet and it will be your name on the line.
Make sure that the people or businesses you interact with online are legitimate and is trusted by a lot of other buyers and sellers.
One way a thief can surely get your personal information is to get a hold of your actual ATM card. Hold ups and pick pockets are some ways robbers steal ATM cards, along with other things you are currently carrying.
Do not go to dimly lit areas at night or areas that are known to be places where people usually get robbed and always secure your wallet.
It’s also a good idea to keep two or more purses or wallets with you. One would be for immediate expenses like fares or snacks. The other could be where you place your important cards. If your bag has a secret pocket, store it there.
When you fall victim to identity theft, chances are you will lose more than just money. You may also attain physical injury or trauma if you experience a hold up.
If the unfortunate event ever does happen to you, you need to be prepared. Be sure you will get back the money you lost, assistance when restoring your identity, and getting medical and psychological attention, if needed.
PhilsFirst’s ATM First offers these and more. They will even replace your bag or wallet that got stolen.
For more information on how you can be prepared, visit www.philsfirst.com.ph.