@tosinolaseinde "There are certain things you do in your 20s that will not have the same effect doing it in your 50s." this is what the trend of the economy will cause many to experience, if things doesn't turn for good.
A new POS scam is spreading quietly. 🚨
This is how money disappears from the accounts of parents, elderly people, and unsuspecting ones without them understanding how it happened.
When customers visit POS operators to withdraw cash, many casually say their PIN out loud or enter it carelessly. While pretending to count cash withdrawn or assist the customer, an accomplice quickly snaps the front of the ATM card and memorizes or writes down the expiry and 3-digit CVV code.
Weeks later (deliberately delayed after the transaction to avoid suspicion), the fraudsters use the card details and security code to make unauthorized online/web purchases that are extremely difficult to trace back to them.
Because many people use multiple POS agents on a weekly basis, the victims would never be able to pinpoint the exact POS agent who compromised their account.
Please warn your parents and older relatives:
—Never say your PIN out loud
—Shield the keypad while typing
—Never hand over your card unnecessarily
—Always keep your card in sight
—Disable online transactions on cards not used for web payments (if you can get to your bank)
—Use bank transfers for POS withdrawals if you can.
This important awareness could prevent your loved ones from losing their life savings.