home.social

#cardsecurity — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #cardsecurity, aggregated by home.social.

  1. Lost or misplaced your SBI ATM or debit card? You should block it right away to prevent unauthorized use. This guide shows all the ways you can block your card — call, SMS, net banking, or mobile app.
    👉 bankbazaar.com/debit-card/bloc
    retail.sbi.bank.in/retail/bloc

    #SBI #DebitCard #BankingTips #CardSecurity

  2. 🤦🏻‍♂️ Sometimes systems built to empower can be weaponized without the most basic controls. NYC’s Summer Youth Employment Program used prepaid debit cards for participants without bank accounts. Unfortunately a bug—or control gap—let scammers withdraw up to $40,000 from ATMs over 3 days. It became a social media-fueled fraud machine that drained around $17 million. The response from the city stressed that no taxpayer funds were lost (yea right) but questions remain about oversight, vendor responsibility, and protections for vulnerable youth.

    TL;DR
    ⚠️ Unlimited ATM withdrawals from SYEP cards
    🧠 Cards sold online as “easy money”
    🔐 Transaction caps failed despite $200 limits
    🔍 Who covers $17M loss, and why no safeguards?

    nytimes.com/2025/07/24/nyregio
    #YouthJobs #ATMfraud #CardSecurity #PublicProgramIntegrity #security #privacy #cloud #infosec #cybersecurity