In recent years, with the development of internet and communication technologies, the phenomenon of bank card fraud has been growing rapidly. From "cloning" bank cards to SMS sniffing... You might wake up to find the money in your card has been swiped by criminals, leaving you defenseless. To enhance public awareness of anti-fraud and create a sound payment environment, PICC has carried out the "11.8 Anti-Fraud Day" campaign for four consecutive years and launched insurance products for fraud prevention. Over the years, it has provided users with hundreds of millions of yuan in financial security protection.
Fraud methods are varied, threatening the safety of card usage
The advancement of science and technology has brought many conveniences to our lives, but also more hidden threats. This year, ETC has been widely promoted across the country. While many car owners have enjoyed the convenience of ETC, they have also caught the attention of criminals. Cases of ETC card fraud have occurred from time to time across the country. Since some ETC cards have enabled "flash payment" and "small amount exemption from password" payment methods, criminals can complete fraud by simply bringing a handheld POS machine close to the ETC card inside the vehicle. It is understood that the public can avoid such fraud by turning off the "flash payment" and "small amount exemption from password" functions.
However, the new fraud method that emerged last year—obtaining users' mobile phone messages through "GSM hijacking + SMS sniffing"—is hard to guard against. By using the above methods along with other important personal identity information they have obtained, such as ID numbers, criminals can carry out fraud. Currently, many apps excessively collect user information, or even collect it without user consent, such as phone numbers, account names, and passwords, creating opportunities for criminals and seriously threatening personal financial security.
Special governance of apps is accelerating, but individuals also need to raise their security awareness
At present, regarding the illegal collection and use of personal information by apps, the Cyberspace Administration has established a special task force for app governance and achieved phased results. Relevant standards are also under research and formulation, which will effectively reduce the leakage of personal information caused by apps illegally collecting such data.
However, criminals are using high-tech means to commit bank card fraud in ever-changing ways. To effectively prevent bank card fraud, cardholders need to improve their own security awareness in daily card usage. Do not click on suspicious links or connect to free public Wi-Fi; when withdrawing money or making purchases, check whether ATMs or POS machines have been installed with card readers or cameras to avoid card cloning; keep your passwords and personal information safe, subscribe to bank SMS alerts to detect risks promptly, and frequently change your passwords to reduce the risk of fraud.
In addition, the public can also purchase personal bank card fraud insurance to protect their own funds. Even if financial losses occur due to fraud, compensation can be obtained. Funds account fraud insurance usually has low premiums and a wide range of coverage. Taking PICC’s personal bank card fraud insurance as an example:
l Low premiums and multiple coverage options: The lowest premium is only 4.5 yuan per year, with 6 coverage plans and a maximum coverage amount of up to 1 million yuan. Users can purchase the corresponding coverage plan according to their needs;
l Wide coverage: It can cover the insured’s debit cards, credit card primary cards and their associated supplementary cards, bank online accounts, bank mobile accounts, passbooks, and other personal banking accounts;
l Multiple coverage scenarios: It compensates for financial losses caused by theft, unauthorized use, cloning, or theft and transfer at bank counters or ATMs by others.
Of course, preventing bank card fraud should not be the effort of cardholders alone. Fraud risks involve numerous offline and online consumer scenarios. In the entire payment ecosystem, including consumers, banks, third-party online payment platforms, and tens of thousands of merchants, all are important components of the anti-fraud ecosystem. PICC calls on more enterprises and individuals to join the fight against fraud to build a "solid fortress" for consumers’ personal banking accounts.
On the occasion of PICC’s 70th anniversary, the annual "Insurance Fair" feedback event by PICC’s e-commerce platform is in full swing. Activities include logging into WeChat to enter lucky draws, scratching electronic policy lottery tickets, getting services through car insurance estimates, and enjoying great deals in the insurance supermarket. You can now visit the PICC official website, the "PICC" WeChat official account, the "PICC" mini program, and other platforms for details, or call 4001234567 to enjoy exclusive car insurance services. PICC will continue to uphold the philosophy of "Insurance for the People, Serving the People," providing consumers with quality customer experiences through more convenient internet platforms and more thoughtful insurance products.