There has been reported cases of people losing money from their ATM cards without giving anyone their ATM pin. Most people think the money on their card is still safe when they expose their card to someone else or lose it, provided no one knows their pin. These two reasons explain why you should never allow anyone access to your card, not even for a second. If you ever lost your card or it was stolen, report to your bank immediately to destroy the card.
1. SHOPPING ONLINE: With your ATM card, you can easily shop online from anyplace in the Country. Now I want to break this clearly. Your ATM card has 16 Digit number at the front part of the card depending if it is MasterCard, Visa or verve but it always come with a pin. Looking at the back of that card is another important digit. This digit is known as the onions (Card verification value). With this pin and your card number, everything is settled. Those involved in internet marketing can attest to this.
2. SCAM JOBS: This is same story with No. 1 but in different format. Somebody that has an idea on internet stuff can easily use your account to fulfil his mission. Most Hosting companies, Domain registrar and the rest of them make use of your card number and pin so you know what that means when the scammer get hold of your details, he would use it to purchase tons of domain till your account blinks and might even use it to start his own domain registration company lol.
There are so many other things that can be achieved with this details which I won’t advice you to learn after you must have fallen victim for this.
How to prevent falling victim for this ?
It’s very simple. By safeguarding your card just the way we keep our pin ,is the best solution to this.
We can no longer trust people in this generation anymore.