Payment fraud: 5 security tips to avoid scams

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Whether on the internet or at a merchant, payment fraud attempts can strike anyone and at any time. On the occasion of its report on the state of fraud in 2021, the Banque de France has created a list of tips to remember to protect yourself.

Be “responsible”, “reactive”, “attentive”… so many advices that the Banque de France tries to repeat to fight fraud and payment methods.

On the occasion of its report on the state of fraud in 2021, the latter made a list of tips to avoid trying scams of all kinds. At a time when others do not hesitate to seize the identity of your bank adviser, it is necessary that you remain alert on the subject. Fortunately, there are many ways to protect yourself and your money.

Check your payment methods

As the report notes, one of the first ways to protect yourself is to always keep an eye on your physical payment instruments such as your checkbook or bank card. “Do not lend them to anyone, not even your relatives. Always check that you have them and keep them in a safe place, if possible separate from your identity documents”, underline the authors of the report.

This stability also applies when receiving your instruments. “Check that the letters have not been altered or opened. In the case of the checkbook, it is necessary as much as possible to favor the safe withdrawal of the checkbook from the agency”, the report continued.

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Keep your codes confidential

Along with all this, an important point is the confidentiality of the codes that allow access to your money. “Keep it a secret, don’t let anyone know it. Learn it by heart, avoid writing it down, and if that fails, don’t hide it in the corresponding payment method or so that a link can be established with this”.

As a reminder, the report also indicates that in any case a judicial or administrative authority or even your bank is likely to ask you for this information, especially if it is done by phone or email.

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Be careful on the internet

In 2022, a lot of fraud is done through the internet. It is well put together and an untrained eye of the subject is likely to fall for the scam being offered to him. So, choose a reputable Internet Service Provider and follow their security advice.

Regarding the site address: “check the presence of https (“s” for safe) in front of it and the icon of a key or padlock in the status bar of the Internet browser” . At the connection level, do not use a public computer or connect to a public Wi‑Fi network to connect to your bank. Also, don’t do it from an email or text message.

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Stay alert during the transaction

When visiting a merchant, for example, do not take your eyes off your bank card and always check the amount displayed on the terminal before paying. If you use a check, and if the latter is filled automatically by the merchant, “pay attention to the information shown before signing it and especially check the amount”. The last advice regarding check transactions is to use indelible black ink to avoid any forgery.

Don’t hesitate to object

You should object immediately if your bank card is lost. In fact, if you delay too much, “you risk bringing all the fraudulent debits before the opposition”. By doing this as soon as possible, you will benefit from the provisions that limit fraudulent debits, in the worst case, to fifty euros.

Note that you can also object while your card is with you. A scammer may take data from the internet and use it through a computer. So if you notice anomalies in your account, even if your card is in your pocket, don’t hesitate.

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