David Gyedu warns against using main bank cards for online transactions

Cybersecurity expert David Gyedu has cautioned Ghanaians against using their primary bank cards for online transactions to mitigate the rising risk of fintech fraud. Speaking on GTV’s Breakfast show, Gyedu emphasized that using a main bank card—often linked to a user's life savings—exposes individuals to significant financial vulnerability. He highlighted real-world incidents where victims suffered devastating losses after their card information was compromised during digital payments.

To enhance security, Gyedu recommended that consumers obtain separate prepaid cards or dedicated internet banking cards specifically for online use. By maintaining a secondary card with limited funds, users can ensure that even if a security breach occurs during a transaction, the potential loss is confined to a small amount. This method effectively creates a buffer between the digital marketplace and a person’s primary bank account, protecting the bulk of their assets from unauthorized access.

Beyond online safety, the expert also urged ATM users to exercise greater caution during physical transactions. He advised individuals to remain vigilant and ensure they have properly completed and closed their sessions before leaving an ATM to prevent opportunistic criminals from gaining access. In the event of a breach, Gyedu stressed that victims must report fintech fraud to their financial institutions and the relevant authorities immediately to maximize the chances of recovering funds and preventing further theft.