Fraud and scams targeting online banking, e-commerce, and card-not-present (CNP) transactions are on the rise.
Sweden had a nationwide Bank ID for all citizens for decades, the Central Bank of Sweden (Sveriges Riksbank), warned though in March 2024 that “Fraud is the fastest growing type of crime in Sweden”.
In March this year, Osaka Prefecture banned seniors from talking on the phone while using ATMs, which was a dramatic step to ease escalating social engineering scams.
The reason is simple: our daily lives heavily rely on the Internet and smartphones as nearly all services have migrated online. Unfortunately, this convenience has also created opportunities for fraudsters to operate 24/7 from anywhere in the world.
The problem? Cards and bank accounts are always open, leaving them vulnerable to deception.
Keypasco is going to introduce One Touch Safe, an innovative solution that locks your cards and bank accounts by default, keeping you in control at all times:
- Enhanced Security: Accounts can only be accessed when unlocked by the user, providing an additional layer of protection against fraudsters.
- User Control:Users can unlock their accounts with just a few taps, ensuring they are always in control of when and how their accounts are used.
- Advanced Protection:Features like \’Sign What You See\’ and optional family member approvals for high-risk transactions safeguard against cons.
Just a few taps, users can easily enable or disable their accounts
With One Touch Safe, Keypasco is setting a new standard in fraud prevention, ensuring both banks and customers benefit from enhanced security and peace of mind.
Leverage Keypasco\’s Two-channel authentication patented technology to safeguard your account security and protect you from fraud threats.