Interswitch website warning!

Don’t fall for the Interswitch ATM/Debit Card Scam!

This scam (perpetrated by our Yahoo Yahoo! boys who are fast running out of options – www.419eater.com) has been around for a while now especially since the inception of webpay which made e-commerce possible in Nigeria. The ATM/Debit Card is the only equivalent of the Western Credit Card only that it is prepaid. Naturally, you’d expect the ATM card to be very secure since you need a PIN and a physical provider (Interswitch, E-tranzact) card with preference for Interswitch (being more popular), but websites such as Buyright.biz, rechargenigeria.com, reloadng.com and deoluakinyemi all allow you to pay for goods and services from the comfort of your internet-connected device, just by punching your card number and PIN. In some cases, you get an SMS confirming the transaction, and in some other cases (especially if you are yet to subscribe to SMS alerts) you don’t get any alert. On interswitch’s official website (http://interswitchng.com), you could even transfer from one interswitch card account to another (not sure if this is still possible). Our fraudsters promptly rose to the occasion to explore the holes in the loops, GTB was one of the worst hit, and they reacted instantly by blocking the use of their ATM cards on websites.

It’s quite unfortunate that till today, many still fall for this trap. Look at the mail below: a scammer sends a mail asking you to click on a link to interswitch’s website. Do not click on links (especially masked links) but instead copy and paste into the browser, if it’s not Interswitch’s official website, then it’s pure scam, delete the mail. (http://allafrica.com/stories/200704190048.html)

Interswitch Logo

Also, do not be deceived by the sender’s address, anyone can mask the sender address. If you wish to reply at all, always click on the reply button. Most scam mails usually ask you to reply to a different email address other than the one that was used to send the mail (e.g. sender: expiry@interswitchng.com please reply to: scammer@gmail.com). When they do provide websites, their fake websites mirror the original one (as seen in fake MTN and Zenith Bank job scam sites), sometimes, some cheap-ass scammers use free sites and folders within folders of sub-domains such as http://money.myfreewebsites.com/bank/scammers/fraud/?@www.interswitchng.com/register – you should easily “nab” these ones (I repeat, do not click on links in emails directly, always do copy and paste into google search with the word scam before it and see for yourself, trust your instinct).

LagosMet: My take on this is this, always suspect anything that comes to you by mail or SMS (better to be a pessimist on the internet). Take a line of the content or title of the message, google it with the word scam and see if you get similar results. Remember, if it’s too good to be true then it’s scam.

The mail:

Dear Interswitch Card Holder,

We are carrying out a fraud prevention on our system,
and you’ve been required to register all your ATM card(s) Online Immediately
for security reasons, and to prevent your ATM card(s)
from fraudulent activities.

Be notified, that all ATM card(s) must be registered, such as your
(DEBIT CARDS, X-CHANGE CARDS, and CASH CARDS)

Please Register your ATM cards now by CLICKING HERE and then do as required.

(Failure to verify your ATM Card(s) details correctly will lead to account suspension)

This Update is compulsory
If you do not register your ATM card(s) immediately,
you will no longer be able to use your card(s) on our ATM machines
or for ATM transactions and your card(s) will be cancelled or terminated.

Thank you.

=======================================================

Breakdown:

1. Prevent your card from fraudulent activities (and he’s planning to defraud you already)

2. All cards must be registered (are cards not already registered? A wise man will give the bank a call, not even interswitch)

3. Failure to verify will lead to account suspension (all ATM cards have their expiry dates, you can’t even do any online transaction without entering your debit card’s expiry date, why the rush?)

4. Glorious threats (this is the first scam mail without the magic word called “guarantee”, are you scared to lose your card? As long as your money is safe). Never ever reveal your PIN to anyone.

Finally, Interswitch should please release a list of approved websites so that users can verify which websites are registered and which ones are phishing/scam websites. If there was a list like http://interswitchng.com/list_of_approved_websites/ then the world would be a much better place for scammers and potential, unsuspecting victims like you and I. This modus operandi applies to other sites such as ebay, paypal and many bank websites worldwide. You don’t want to lose your hard earned money in this period of recession, its credit crunch period for scammers as well. Be watchful, be careful, be prepared, be informed.

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