Payment Fraud: 5 Security Tips to Avoid Scams

Whether it’s online or at a merchant, payment fraud attempts can infect anyone, at any time. On the occasion of its report on the state of fraud in 2021, the Bank of France has put together a list of tips to keep in mind in order to protect yourself.

Be “responsible”, “reactive”, “attentive” … many of the tips that the Bank of France seeks to repeat in order to combat fraud and fraudulent means of payment.

On the occasion of its report on the state of fraud in 2021, the latter has prepared a list of tips to prevent fraud attempts of all kinds. While some are not hesitant to go so far as to usurp the identity of your banking advisor, it is essential that you remain vigilant on this topic. Fortunately, there are plenty of 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 constantly monitor your physical payment instruments such as your checkbook or bank card. “Do not lend it to anyone, not even your relatives. Regularly check that they are in your possession and keep them in a safe place, if possible separately from your identity documents,” the report’s authors emphasized.

This resolution also applies when you receive your devices. “Ensure that the letters have not been altered or opened. In the case of a checkbook, it is essential as far as possible to prefer the safe withdrawal of the checkbook from the agency,” the report continues.

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Keep your codes secret

In parallel with all this, an important point is the secrecy of the codes that allow access to your funds. “Keep it secret, and don’t pass it on to anyone. Keep it by heart, avoid writing it down, and failing that, don’t keep it with the corresponding means of payment or even an association with it may be established.”

As a reminder, the report also notes that under no circumstances is a judicial or administrative authority or even your bank likely to ask you for this information, especially if it was done over the phone or email.

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Be vigil online

In 2022, a lot of scams are taking place online. They are well compiled and it is very likely that an untrained eye on the subject will fall into the scam being introduced to it. So, choose a reputable ISP and follow their security tips.

Regarding the site address: “Check for https (“s “for secure) in front of it and a key or lock icon in the status bar of your internet browser”. On the connection level, do not use a public computer or connected 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 device before paying. If you use a check, and when the last merchant fills it out automatically, “Pay attention to the information indicated before signing it and especially check the amount.” The last tip regarding check transactions is to use indelible black ink to avoid any forgery.

Do not hesitate to oppose

It is necessary to immediately oppose if you lose your bank card. In fact, if you delay too much, “you risk taking on all the fraudulent debts that precede the opposition.” By doing this as soon as possible, you will benefit from provisions that limit fraudulent debts, in the worst case, to fifty euros.

Note that you can also object while you have your card with you. The scammer may have retrieved data from the Internet and used it via a computer. So if you notice any anomalies in your account, even with your card in your pocket, don’t hesitate.

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