Don’t link your bank card to your e-wallet or online platform to reduce the risk of card skimming!
Withdrawals of bank deposits are a common occurrence, and it is impossible to prevent them! If you do not want theft to happen to you, it is recommended that you do not bind your bank card to an e-wallet or online platform.
For the convenience of adding credit, many people bind their bank cards to their e-wallets, such as Boost, Touch ‘n Go eWallet, GrabPay, etc. Usually, once the card is tied, the user does not have to enter OTP or TAC to add money to the eWallet.
Fraudsters are taking advantage of this weakness of e-wallets and are targeting e-wallet users. In the past year there have been many cases of e-wallet theft by fraudsters. The syndicate adds money from the victim’s bank card to the e-wallet without permission and then transfers money from the e-wallet to other e-wallets or tops up games.
If your e-wallet is also tied to a bank card, then it is recommended that you untie it and you can manually enter your card details when you need to top up. Don’t put yourself at risk for the sake of convenience.
Remember! You need to check if your card details are automatically stored in your e-wallet after you have increased your credit limit, as some e-wallets automatically store your card details. If you find that the e-wallet automatically stores your card details, then you can delete the card details manually.
