OREANDA-NEWS. December 09, 2014. MEGABANK joined the educational project “ABC security”, which is implemented by the Ukrainian Interbank Association of Members of “EMA” Payment Systems.

The initiative is aimed at informing customers about possible frauds. From now training videos on the topic of effective remedies against fraud will be posted on the website of the bank.

Now the second video is created, it’s devoted to fraud using social engineering techniques. The essence of this technology lies in that a fraudster plays the role of an interested buyer or a bank employee; a charity or pension fund employee. Under the pretext of obtaining money or unlock a card he makes payment card holder to go to the ATM, which provides a service of transferring funds from one card to another, and to transfer money to the card of fraudster following the instructions dictated by phone. The card’s owner even cannot understand that translation “card-to-card” is only possible with your own card, or do not realize that in the guise of unlock the card he actually transfers funds from his card to the card of fraudster.

The purpose of the training video is that the owner of a payment card has always adhered to a simple rule: “Stop and think!”.

Training videos are made by “EMA” Association taking into account the results of a comprehensive case study “Fraud and literacy in the use of payment instruments: a view of Ukrainian consumers”.