Man loses P48K to card skimming despite shifting to EMV
Is the new technology not as safe as it sounds?
Here’s the story of Dan Canillas, a BDO depositor who reportedly lost P48,000 after an unidentified woman used his card information for various purchases at a mall in Taguig City.
The man shares that he has already migrated from the old magnetic strip to the microchip-embedded card which he has kept safe in his wallet, only to find that he fell victim to card fraud.
Canillas doubted whether the EMV chip cards are actually safer, as it was during this time when he fell victim to fraud. He even questioned why sellers don’t ask for IDs anymore to validate.
“Most merchants don’t even request for valid ID’s before processing payments which I don’t think is right,” he wrote in a Facebook post.
In his bid to run after his hard-earned money, he has been reporting to his bank while also carrying out his own probe. What exasperates him, however, was that BDO said it would take an additional two months to complete its investigation.
“I am not only after the refund. I am also after stopping these incidents from happening, putting those behind this to jail and saving other people from this awful experience,” he added. “I don’t think it is fair that I have to wait this long when I can already prove to the bank that the amount was clearly stolen from my account.”
Now that he has publicly shared his story, Canillas has to wait — again — for any response.