Few years ago while I was still a student, a not so informed lodge mate boasted that he could leave his debit card with me for a week, since I didn’t have his PIN, I wouldn’t do anything with it. Since I am not a criminal, I didn’t take the bet instead I enlightened him.
Just last year, a neighbor lost her card and phone. I advised her to call her bank’s customer care. To my surprise, the agent told her not to worry since she hasn’t disclosed her PIN to anyone. What a misleading information!
With your card alone, or even just the numbers, a lot of damages could be done to your account. Here are top four damages that a cyber criminal could do with your card even without your PIN.
1. Shopping spree online.
You can actually shop on some e-commerce shops without any PIN or OTP (One Time Password). This can also be possible if you have saved your card details during checkouts in previous transactions in given online stores. A criminal with your card might shop as much as he likes before you could do anything.
2. Buying gift cards and crypto currencies.
Some online stores may block unusual purchases from a particular card or even cancel already made orders following a report from the owner of such cards. But there is little control over crypto currencies and the quantity of gift cards that could be bought. All that may be required to succeed is the CCV (Three numbers at the back of the card).
3. Sold to other criminals.
The cost of any card in the black depends on information and data that are made available by the seller. A card number alone does not sell the same as a card number that comes with ccv and PIN. But there’s always demand for cards.
4. ATM withdrawals
If you lost your card together with your wallet, chances are that you may have left a clue to your Pin such as date of birth, address number, notes etc. Criminals can also try random numbers. You’ll be surprised at their success rate.