The effects of the pandemic, the rise of new technologies and the increase in digital activities have generated an increase in the frequency of fraud threatsGiven this, it is essential that the banking organizations strengthen their preventive measures to preserve the business chain and that consumers practice security measures during the new normality.
According to research based on the KPMG “A Triple Threat in the Americas” survey conducted in 2022, levels of fraud risks are increasing, 49% of Latin American entrepreneurs surveyed are more than twice as likely to experience internal or external fraud.
In order to avoid the risks of bank fraud Banco de Comercio experts recommend taking into account the following:
Pay close attention to which financial institution you deposit the funds for your retirement, in addition to considering the profitability in the medium and long term, we recommend protecting and maximizing your AFP money with an intangible account in a solid and safe financial institution that has the support of the Deposit Insurance Fund (FSD).
In the case of Bank of Commercethe AFP Savings Account It has a competitive rate of 5.00% TREA in national currency that allows an optimal use of financial resources.
Regarding the security of transactions
1.- Protect your savings from suspicious emails and save in solid entities: Be careful not to open dubious emails for card blocking, verification notifications, data updates or social media promotions that redirect you to a fake web page,
It is important to distrust these emails to prevent opening them, since cybercriminals can carry out transactions with the entry of your personal data.
2.- Do not accept help from strangers when withdrawing money from ATMs: When you pay for purchases in physical establishments, do not lose sight of your card and do not ask for help from strangers, always ask for the POS. Before using the ATM, check that it does not have foreign elements installed. If the ATM holds your card, it blocks your card immediately.
Another aspect to consider is to change your password frequently and avoid easy or highly predictable ones, such as birthdays, and always cover your secret code when typing it at the POS. Do not trust unknown third parties who contact you to request personal and financial information (names, ID number, accounts, passwords, etc.), by any means.
3.- Be careful to prevent the cloning of your bank card: One of the forms of bank fraud is card cloning, which consists of capturing information from the magnetic stripe of your card, for which the fraudster places a device called a “skimmer” in the ATM card reader or POS of commercial establishments.
To prevent it, we recommend that you cover your secret code when typing it, either at ATMs or commercial establishments. Make sure that commercial establishments pass your card by chip, and never lose sight of your card.
4.- Verify that your website connection is secure for online purchases: Users are recommended to verify that the connection of their web page is secure, to identify this, the symbol of a security lock must be displayed, also consider if there is an absence of secure communication protocols (http) and if they try to download from files without asking for your permission.
5.- Learn how to enable and disable your digital purchases: Users are advised to avoid the registration of card data in online purchase options and learn how to enable or disable their digital purchases in case of not using them.
About Bank of Commerce
The Bank of Commerce is a private company dedicated to all banking activities, it is part of the economic group led by the Military Police Pension Fund (CPMP), an institution in charge of managing the pension fund for the personnel of the Armed Forces and the National Police of Peru. .
The Bank of Commerceconsiders it important to strengthen its security measures and response protocols; To this end, it continues to strengthen its security solutions and implement the digital transformation of the organization, including secure resources in its transactional platforms to reduce the probability of financial risks and fraud.
Users can obtain more information from the financial institution at the Call Center (01) 513-6001 or toll-free 0 800 00 222 or on the web https://www.bancomercio.com/elbanco or they can approach or any of their offices.
