PURCHASING AN ITEM WITH A DEBIT CARD

Purchasing an Item with a Debit Card

Purchasing an Item with a Debit Card

Introduction

Identity theft is a crime when someone uses the personal information such as name, Social Security number, credit card number or other identifying information, without the permission of the concerned person to commit fraud or other crimes typically for economic gain.

S. No.

Requirements to make Transaction Secure

Level of Importance

1.

Secrecy of the PIN

High

2.

Possession of the Card

High

3.

ID card

High

4.

Personal Data

High

5.

Account Number

Normal

6.

Online and SMS banking

High

7.

Signature on the card

Normal

8.

Bill revision

Normal

9.

Point of Sales machine

High

10.

Fraud prevention software

High

Requirements to make Debit Card Transaction Secure

S. No.

Vulnerability

CIA Triad

1.

Card Theft (Trapping, Swapping, ...