Debit card fraud.
For debit card fraud to occur, a thief needs both your PIN and the debit card itself or the information stored on it. If your card is stolen or duplicated, the thief has to find some way to get your PIN and use it for unauthorized purchases or transactions.
Many financial institutions are now issuing client cards with chip technology. New cards with chip technology are virtually impossible to duplicate and are considered more secure than the older cards that store your information on a magnetic stripe.
How to prevent it.
What to do if you are a victim
To learn more about how debit card fraud happens, how to protect yourself and what to do if you become a victim, read the tip sheet “Protecting yourself from debit card fraud.”