POS THEFT IN NIGERIA

• POS THEFT

It's no longer news that Yahoo boys and their likes equip their girlfriends with POS machines in order to pick customers card details.

They do this by either snapping your card or through the use of an inbuilt chip in the POS machine.

Some POS machines has a chip inbuilt which records every transactions and details of every card used to make withdrawal.

What these bad boys do is to extract that chip, run it through a software and boom you wake up one morning to see that all your money has been withdrawn, usually they transfer the monies into a betting account which will make it difficult to trace.

Cry from now till tomorrow your money will never return however they're some precautionary measures you can take to avert such incidence.

Every card has a 16 digit number in front, use paper tape to cover the numbers leaving only the first four as seen in picture A, this way they can't snap your card details.

Alternatively, ensure that you cancel your transaction each time by pressing on the red button as indicated in picture B.

If you're given the machine to input you pin, hold it till the transaction is successful then press the red button yourself before removing your card or ask the attendant to do it for you.

Pressing the cancel button will erase your data from the machine.

I hope this helps.