https://padlet.com/Mayanksethi/wh0muway0eai8p2 By Mayank Sethi en-us 2022-11-28 21:16:51 UTC 2022-11-29 03:14:42 UTC hello@padlet.com Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2400978405 Summary:
Although short, this video listed the basics of credit and debit card fraud and how it can be avoided in-depth. This type of fraud happens when an individual gets a hold of your card information such as the PIN, or the card itself, and uses it to make unauthorized transactions for themselves.  Fraud can be done in more than just a few ways: someone close to you looking over at you typing in your pin, fake emails enticing you to send your banking information, or even phony card machines that steal your information. Fortunately, all of this can be avoided by utilizing the following tips: "Shielding your pin", checking bank statements regularly, destroying old cards when your replacement card comes in, and not giving out your information through email. If you become a victim of this fraud, contact your local police/bank and antifraudcentre.ca.

Why I chose this video:
As stated in the first paragraph, this video started with the basics of credit and debit fraud and provided valuable information in a short amount of time, making it easy for viewers not as aware of the topic to learn about it and be cautious to protect their information. Hence, my reason for choosing this video. A piece of information I found helpful was that you could inform a figure of authority other than your bank and police, which is the Anti Fraud Centre. This was information that I did not find in the other videos.]]> 2022-11-28 22:16:25 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2400978405 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401018191 Summary:
This video talked about the Calgary Police charging two men in an alleged credit card and identification manufacturing lab investigation. The two men were operating their fraud from within their residence, where they used equipment to manufacture credit cards that were located in their basement. Moreover, card skimming machines, counterfeit credit cards as well as gas station overlays were found in their possession which helped them commit credit card fraud. They were successful in stealing information by using overlays at gas pumps, which is a temporary procedure where these electronics are attached to the gas pumps and when a consumer uses their card, their information is copied. This is typically used at busy times and removed in a few hours, hence called temporary. The only way this fraud can be avoided is by shaking the card machine to check if there's a skimming device installed.

Why I chose this video:
I chose this video because it was distinct in the sense that it displayed the equipment that fraudsters often use to manufacture fake credit cards and it explained in detail the technique used by the fraudsters. ]]> 2022-11-28 23:16:06 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401018191 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401035215 Summary:
This video displayed how low-interest credit card scams work in Canada and how detrimental they can be. The "low-interest scam" works by the scammer calling consumers and giving a fake speech as if they're speaking from a bank, and making them pay a hefty one-time amount to "lower their interest rate". The main purpose of this is to steal their identity. The only identified way to fight this back is by turning on credit monitoring and fraud alerts with Equifax and TransUnion. Surprisingly, when the news crew put this to a test, they only received 3 calls for creating 5 credit card accounts. The only effective way to prevent the scam is by a credit freeze, which is available in the U.S., not Canada. This process is not yet implemented here.

Why I chose this video:
I chose this video as it was extremely informative about the most common type of credit card scam in Canada, and they conducted interviews with an Ex-scammer and a lot of fraud victims, which provided valuable insight into how it affects the victims.]]> 2022-11-28 23:42:04 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401035215 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401050111 Summary:
This video showed how a couple in Canada had their debit cards stolen and thousands of dollars deducted. According to the news, as their PIN was used, the bank did not help cover the losses. Amelia's cards were stolen from her purse and the purse was put back in its original place so there was no suspicion. Later, there were a total of $28,000 worth of charges. The other banks forgave their loss whereas RBC did not, as Amelia had shared her pin with her daughter's caregiver. The bank did not accuse them of the fraud but made them cover for it anyways. The takeaway from this video is to watch your own account and report any suspicious behaviour immediately.

Why I chose this video:
I chose this video as it revealed to me that debit cards are not protected by banks, or at least by RBC, the way credit cards are. Another piece of information I found useful was that if someone shares their PIN and becomes a victim of fraud, they are liable for it.]]> 2022-11-29 00:01:52 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401050111 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401091186 Summary:

This website defined what debit card fraud is and how it takes place. It is when someone steals both your credit/debit card information and PIN, and uses it to withdraw cash from an ATM, or make other types of purchases, whether online or in stores. It is only possible to commit debit fraud if they have your pin, but they can steal your information by sending fake emails, using card jammers, or skimming machines. A few tips to protect yourself from debit card fraud are having a card with a reduced daily limit, keeping your PIN confidential, and covering the keypad when typing in the PIN. These ensure you're staying aware and avoiding any risks.
If you fall a victim to this fraud, you should write down what happened and how you noticed it, contact your bank, file a complaint, and talk to the Canadian Anti Fraud Centre.


Why I chose this website:
I chose this website as it is Canada's own website where all the information posted is accurate and trusted. Something I found useful was the suggestion to lower your daily limit. That was a great idea to reduce the loss of more funds.]]> 2022-11-29 00:43:54 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401091186 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401119619 Summary:
This website talks about how protected you actually are from Credit Card fraud. Generally, Canadians are protected against liability for credit card fraud, but there are still a few points they should keep in mind. The maximum liability for unauthorized use of a card issued by a bank is $50, which means if a consumer is found liable, they would still only have to pay less than $50. Beyond this, companies like Visa and American Express do offer zero liability policies as well, but under some terms and conditions. It is imperative to stay vigilant and protect your information by setting difficult PINs, as banks can only offer so much protection.

Why I chose this website:
I chose this website as it had information contrary to the other resources I looked into. They didn't talk about Canadians' protection from frauds. Something useful from this website was the information about liability. ]]> 2022-11-29 01:10:56 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401119619 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401182490 Summary:
This website showed the "zero interest rate credit card" fraud, and how the conversation went with the fraudster.
Canadians receive a wave of scam calls, texts, and emails regularly, and this time the journalist received a call about receiving zero percent interest on all his credit cards, where the scammer asked for his card number pretending to be from Visa. When the journalist asked what company he was with, he said they were doing this offer for only CIBC, Scotia, Bank of Montreal and the Royal Bank. Upon telling the person that he doesn't have an account with any of those banks, the call was ended. Thieves often stalk your online presence to get your information and try to catch you off guard. The takeaway is to never give out your banking information to anyone.

Why I chose this website:
I chose this website as it expanded upon the information I received from one of the videos I shared, and something useful I found on it was how how an actual conversation with a scammer goes and what they do to try to lure you.]]> 2022-11-29 02:08:37 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401182490 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401204503 Summary:
This website talked about how credit and debit are the most popular method of payment in Canada as of now, and most people prefer using plastic cards instead of having to deal with cash or a cheque. Similar to the information in my other posts, it has explained what the main two types of credit card fraud are: criminals stealing your card physically or obtaining its information by phishing, and making counterfeit cards. Criminals prefer targeting newcomers, students, and people with low credit. Anyone who pays them never hears from them or sees them again. Debit card frauds, on the other hand, require them to use your PIN. Unless one has a PIN for a debit card, it's useless to them, that's why fraudsters come for your personal information. Skimming and swapping out card machines are great examples of this.

Why I chose this website:
I chose this website as it is TD's official webpage and provides trusted information.  What I found useful was how they also differentiated between how credit card scams work and how debit ones do, as I was not clear on how it worked.

]]> 2022-11-29 02:26:11 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401204503 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401212060 This image shows TD bank's feature of getting instant text messages when any sort of fraudulent transaction on your phone occurs. It tells you what card is being used or what transaction is being made.

 I am sharing this image to show that banks do have protective measures to inform you of fraud or suspicious activities with your account, which you can activate by speaking to an advisor and utilize it to ensure you don't incur any losses.]]> 2022-11-29 02:32:42 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401212060 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401216910 Although this image is from an American News Channel, it shows the card skimming machine that scammers use in Canada as well. They place it over the actual machine to make it seem real and steal your information.

I am sharing this photo to provide a reference to what I talked about in my posts, and bringing awareness so people know to quickly inspect a machine before inserting their card in it.]]> 2022-11-29 02:36:53 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401216910 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218492
I learned several things about my topic that were new and interesting, but one thing that surprised me the most was that card fraud is incredibly common in Canada, and that more than $379 million Canadians last year reported losses and Canadian Anti-Fraud Centre received 104,295 fraud reports. That almost worries me to an extent as only 5% of victims file reports. I have learned that scammers try to come up with every way possible to catch you off guard, and to never engage with them.]]> 2022-11-29 02:38:22 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218492 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218553
When I was 17, I received a phone call from a company called "Paytm" which is a banking app in India. They told me my address wasn't confirmed on the app and that they could do it for me over the phone. I thought they were legitimate and said yes, but later realized it was a scammer when they asked me to download a screen-sharing app so they could take control of my screen. I hung up. So, this topic is something I can relate to or at least imagine what the victims go through.]]> 2022-11-29 02:38:26 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218553 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218781
I would not only tell them to never share their PIN or banking information with anyone, but also encourage them to check the ATM machines to see if a skimming machine is there, or if there's any kind of tampering on a machine, which I believe everyone should be practicing to combat this theft attack going on currently.]]> 2022-11-29 02:38:38 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401218781 Mayanksethi https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401245807 Here you will learn about the various kinds of credit card and debit card scams that take place in Canada, and what preventative measures you can practice to avoid the risk of being a victim of one of these scams.

Divided into four categories: Websites, Videos, Images, and Reflection, you can look at the summary of in-depth information about Credit/Debit fraud and develop awareness about how you should be banking.

Hope you enjoy reading it!]]> 2022-11-29 03:02:10 UTC https://padlet.com/Mayanksethi/wh0muway0eai8p2/wish/2401245807