We are sure you are probably spending a lot during this season. Gifts, celebrations and more raise the consumption people make. According to El Comercio, it increases up to 10%. However, it also increases the perception of theft, and these extend to bank accounts either through virtual channels (mobile banking, e-commerce) or face-to-face (ATMs, POS).
“According to the latest figures from INEI, in the semester between May and October of 2018, three out of every ten people were victims of a criminal act”, the aforementioned media informed.
Therefore, in order to reduce the fraudulent use of cards, security measures have been strengthened and banks and insurers have developed card-protection insurance.
“Financial institutions take the appropriate security measures to recognize the validity of the cards and identify the user. In these holidays, the improper use of the credit or debit card for theft or robbery often happens commercial establishments to commit unlawful acts,” said Julio Rasmussen, Manager of Products Division Banking People and Microfinance Banco Pichincha to El Comercio.
If anything takes place regarding your cards, act immediately, don’t let the days go by, and don’t forget to pay special attention to them while shopping!
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