With the increased use of digital payments, new forms of cyber fraud are also emerging. One of these is NFC fraud. In which fraudsters try to target someone without taking their card or asking for their PIN. This scam involves emptying your wallet without asking for an OTP or password. In NFC fraud, fraudsters take advantage of the tap-and-pay feature. If your debit or credit card is enabled for contactless payments (tap-to-pay), you may be a target. Therefore, it is important to understand how this fraud works and what precautions should be taken to avoid it.
What is NFC fraud?
NFC, or near-field communication, is a technology that allows contactless payments to be made by bringing a phone or bank card close to the card. Cybercriminals try to take advantage of this technique. If a card has the tap-to-pay system enabled and is too close to the card reader, then an attempt can be made to make a transaction. For this reason, people are advised to be extra careful in crowded places. So that their card does not come into contact with any unknown device.
Who needs to be extra careful?
Those whose debit or credit cards have contactless payments enabled should pay special attention to the security of their cards and phones. It is very important to keep your bags and wallets safe while traveling in crowded buses, metro stations, markets or public places. If you do not need this facility, you can contact your bank to disable it. You can also control it using the bank or card app. It is also important to monitor bank transaction alerts to be alerted immediately to any suspicious transactions.
Try this simple technique
The most important thing to avoid NFC fraud is to always keep your cards and phone safe and avoid touching or getting too close to strangers. Check your bank account SMS and notifications regularly to identify any unknown transactions immediately. If your card is lost or you notice any suspicious activity, report it to your bank immediately. A little caution can help protect you from digital fraud.
