2023-07-22 22:14:05
Given the increase in scams and card duplication credit and debit cards, a new solution emerged that seeks to protect card users. Thus, in an Argentine province, Law No. 5648 was enacted, which regulates manipulation in use and prohibits merchants from taking plastics.
The Legislature of Black river gave the green light to this new law that prohibits merchants and service providers demand the delivery of cards to users, whether holders or additional. For this reason “the postnet/collection device must be located in a lvisible place that allows easy and comfortable use by the cardholder”. Merchants may require users to show the cards and ID to verify that the data coincide with who carries the plastics.
As established in the new law, businesses will have a period of 90 days from the entry into force of the regulation, which is until October 13 of this year, to adapt and condition their electronic payment devices. Those who do not comply with this provision may face sanctions by the enforcement authority, which in this case corresponds to the Tax Collection Agency. These measures are supported by the Consumer Protection and User and Consumer Rights laws.
Credit cards: How much will the purchase limits go up?
Elbi Cides (representative of the Juntos Somos Río Negro alliance), one of the promoters of the initiative, stated that the project seeks to fill legal gaps in consumer defense. “We have been surprised by the increase in scams, which have economic and emotional consequences on the health of users,” explained the legislator from Rio Negro.
Alejandro Marinao (Frente de Todos) also highlighted the scope of the proposal promoted by several authors, having as a precedent a similar norm in force in Neuquén, which was recommended to be replicated in the rest of the Patagonian provinces.
“It is one more contribution, one more line to public policies that seek to fight against scams that are taking place in relation to the theft of data digitally or electronically, such as the use of cards,” explained Marinao. Juan Martin (Together for Change) also spoke in favor of the project, “convinced that this regulation is necessary.”
What is the modus operandi of cybercriminals to clone debit or credit cards in businesses
According to the authorities, the alleged fraudsters pretend to work as financial institution personnel and send apparently authentic messages informing them that there will be an update to the point-of-sale terminal system, that is, the computer and not from the card reader.
Then they ask for access remote to terminaland this is how they infect the machine from a distance.
Credit cards: what are the new interest rates to refinance balances
Once the malware is installed, the intruders will be able to observe all the transactions carried out with the cards, intercept them, capture the information and even redirect the card data to an external server, without the owner of the premises being aware of it.
Once entered, cybercriminals will be able to obtain data such as: card number, customer account number, expiration date, type of card, among other data of the owner.
To do?
Avoid or corroborate any type of service of supposed calls from maintenance or updatesince they will only try to clone the cards and get thousands of benefits.
Another recommendation is that you should verify with the financial institution the conditions of use of the Point of Sale Terminal. Before allowing any update, you will need to call or contact the financial institution correspondent.
Banks are also required to notify their customers of this situation. affiliated businesses and strengthen its security and monitoring measures to prevent scams or impersonation of its customers.
LT
#province #prohibits #merchants #handling #credit #debit #cards