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The most common fraud in the United States is credit card cloning.

The proliferation of “little machines” connected to Wi-Fi networks, the expansion of online commerce, the development of application use, the spread of malicious links through e-mail, social networks, and the space of malicious links through e-mail, social networks, and the proliferation of “little machines” connected to Wi-Fi networks are some of the reasons why card cloning credit risk is now the most common fraud in the state.

Consumers are harmed by cloning because they must go through bureaucracy to verify that the purchase is not theirs and, in some instances, must shoulder the expense. And, as Noilton Pimentel, a manager of the SPC’s credit bureau, points out, it also causes losses to commerce when the card operator does not pay for the purchase or increases its administration fee due to an increase in the number of frauds – cloning has risen to 11 percent in debit cards, according to the SPC’s credit bureau.

According to Konduto Consultancy’s X-Ray of Fraud 2018, an attempted fraud occurred every 6.5 seconds in Brazilian e-commerce last year. According to Gerson Rolim, an advisor at Camara-Fraud’s Management Observatory, phishing schemes based on social engineering entice customers to click on harmful websites and are the most common way for thieves to clone.

Brazil is at the top of phishing. Never click on links delivered through email or social media. Always visit the official corporate website and confirm whether the information matches the institution you’re searching for by clicking on the lock. The danger of cloning is negligible in transactions done on official websites.

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Open networks should be avoided.

Thalyta Mitsue, a 24-year-old journalist, cloned two cards in less than four months. Last November, the bank’s app alerted her to a series of shopping efforts incompatible with her profile. She was astonished by an alert regarding the purchase of R $1,700 during a vacation to Foz do Iguaçu, Paraná, in February, and had to cut her trip short:

I intended to continue my trip to Paraguay to make purchases. Still, I had to cancel the card there, so I cut my trip short and returned home – laments Thalyta, who, despite being reimbursed, has switched to only using the virtual card, which generates a unique number for each online purchase to prevent fraud.

After becoming a victim of cloning, engineer Thas Almeida, 41, implemented the same approach for utilizing virtual cards. She was alerted of a purchase of R $200 at a shop in So Paulo on a trip to Bonito, Mato Grosso do Sul, in 2015.

This year, the crime was repeated using a different card in her husband’s name. She feels the information was taken when they were in Macaé, where they live: “We were astonished that the attendant waited so long with the card in hand,” she said, “but we let it go.” In truth, you simply need the consumer’s name, number, and written security code on your card to complete an online transaction. She took necessary action to prevent fraud from happening again:

I covered the security code with colorful tape to prevent anybody from copying it – he adds, adding that the bank paid him for the losses. According to Abecs, the System is secure. The engineer’s sticker is one of the recommendations made by economist Ione Amorim of the Brazilian Institute for Consumer Protection (Idec):

Furthermore, the customer must not leave the card alone and always verify that it is his when it is delivered. For example, while making payments on devices linked to Wi-Fi networks, we forego security for the sake of convenience, leaving us significantly more vulnerable. It’s a procedure that should be avoided.

When contacted, the Brazilian Association of Credit Card and Services Companies (Abecs) said that the country’s electronic payment system is one of the “most sophisticated in the world, particularly in terms of security.” According to the corporation, companies in the industry invest in systems that monitor card use behavior in real-time and identify probable fraudulent transactions.

Abes also maintain a committee devoted to increasing security. When inputting the password on the system, extreme caution is required.

To prevent uncomfortable situations, review the instructions.

1. Wi-Fi-connected networks: Avoid using your cards on Wi-Fi-connected networks. Cloning is more likely to occur on open networks.

2. Keep your gaze fixed on the card: Do not allow the card to stray from your field of view. Cloning may be reduced in physical store operations by placing a sticker over the security number on the back of the card. Remember that you may shop online using your name, card number, and security code.

3. Machine: Check that the digits on the display show when you input your password at the machine. A typical blunder is asking the consumer to put in the value box while leaving the password exposed.

4. Use Official Portals: Only use Official Portals to pay your credit card bills. Cred, MyCCPay, and Credit One Bank Mobile are the most popular ones for 100 percent safe transactions.

5. Document loss: In the event of a documented loss, theft, or theft, file a police complaint (BO) and notify the firms through SPC, free of charge. Simply provide a copy of the BO to one of the SPC stations.

6. Virtual card: Virtual cards that are only good for one transaction should be preferred when making online purchases.

7. Confirmation: Enable the transmission of SMS or e-mail messages to confirm card transactions. This function aids in the speedier detection of fraud instances.

8. Phishing: Never click on links delivered to you through email or social media. Always go to the company’s website and double-check the address with a padlock.

Visa issues a warning about credit card data theft at gas stations. Visa said earlier this month that it is looking into a gang of hackers in the United States who used security flaws in gas station systems to steal credit card information.

According to the company’s report, three such assaults were discovered in the last quarter. Fin8 gained access to gas station networks through fraudulent e-mails and other ways. According to Visa’s fraud protection team, it installed data gathering software that exploited the security weaknesses in conventional non-magnetic cards.

Passwords and chip cards did not seem to be harmed. The data is delivered unencrypted to the seller’s leading network, where criminals have intercepted it. To make things worse, point-of-sale systems lack firewalls, enabling hackers to get access to them in the event of a security breach.

In light of this, Visa has issued a warning to gas stations, advising them to encrypt data when it is delivered and employ chip and password devices wherever feasible, which may minimize these assaults.

Visa had previously said at the start of the year that by October 2020, service stations should be utilizing card readers with a chip and password. However, these replacements would cost roughly US $ 250 thousand every season, which might be a roadblock in the security process. See also:

The Case of the Credit Card Payments That Didn’t Show Up Visa emphasized that the assaults took place solely in the United States: Our specialists examine payment sector security issues and analyze data using cyber intelligence techniques to assist firms avoid future attacks as part of Visa’s Fraud Disruption (PFD) security and anti-fraud activities.

Visa’s PFD team recently saw a spike in criminal behavior targeting magnetic stripe data at U.S. gasoline dispensers that had not yet been converted to EMV Chip technology. As a result, we provide the following recommendations to help fuel merchants and customers in the area avoid any assaults and fraud:

1. Chip technology should be used in automatic gasoline pumps.

2. Comply with PCI data security regulations that address network security, such as keeping payment systems isolated and firewalled from business systems and updating security software regularly.

3. Inform your staff about phishing schemes that might give thieves access to your network.

4. Use Visa security warning data and information to look for malware and resolve issues as early as feasible.