PROBLEMS OF FRAUD AND BURGLARY

There are many cases of fraud and about burglars. The question is how to stop this? People are cheated via card while purchasing online. The burglars are easily entered into the house. For reducing fraud State Bank of Pakistan (SBP) has made it mandatory for commercial banks including microfinance banks and card service providers to adopt Europay MasterCard Visa (EMV) standards at par with global standards that will be introduced in the country from June 2018.

Europay, MasterCard and Visa is a global standard for cards equipped with computer-based chips and the technology used to authenticate chip-card transactions. This technology is being adopted in developed countries which helps prevent consumers and banks from hacking attacks and counterfeit card fraud.

To protect from burglars, house must be protected and you have to be aware even when you are not at home. To keep an aye at your home, a device which can act like a camera as well as gives you alert notification whenever someone touches your house like wall or gate.