Category: Money

In the latest disturbing mugging trend, not only are criminals demanding everything in your pockets, they’re forcing you to empty your bank accounts right from your phone. You’ll need to prepare your mobile from forced transfer muggings, otherwise you could be left with a lot more loss than just a stolen phone.

Here’s what you need to do to protect yourself.

Basics First

Often, the victims of these kinds of robberies are in public but distracted, ironically, by their phones. Thieves are looking for a quick opportunity and catching someone by surprise is a good way to save time and reduce their chances of getting caught. Always be aware of your surroundings in busy areas and if you have to check your phone, do it somewhere indoors or where you feel safe.

Even then, try not to get lost staring at your phone and save anything you need to really concentrate on for home or inside a cafe.

Use Biometrics

Enable Face ID on your iPhone or Face Recognition for Android because there are some key security features tied to them. Also, the PIN on your phone should be unique – make sure it’s not your ATM PIN or used for anything else other than to unlock your phone. Next you want to enable remote tracking features like “Find My iPhone” for iOS or “Find my Device” on Android because those will let you erase your phone if it’s lost or stolen.

When you have facial recognition enabled you can also hide apps or use private space on Android so your sensitive bank apps are hidden and require a face scan to open. It’s not absolute security but in the heat of the moment the robbers will try to get away as soon as possible, so this level of protection makes it less likely they’ll dig deep on the spot.

Go Cold Turkey

I’d recommend not having any of your bank apps on your phone – which sounds crazy – but trust me, you probably don’t need them as much as you think. And if you are going to have one, use a separate account for just your phone. The robbers are going to go for the easiest method so if you do decide to keep a banking app on your phone, make sure it’s bait.

Create a bank account you’ll only use with your phone and keep a very limited amount of money there. You can also set transfer limits on your accounts if your bank allows it so if you are forced to transfer money out at gunpoint, there’s a limit on how much you can withdraw per day. A lot of banks too have privacy and security features that you might not know about. It’s a pain but spending a few minutes to call their customer service or fraud departments and ask what features they have can be useful and if they’re lacking, letting them know it’s important to you or you might go to a competitor, which can be useful feedback.

For apps and services like Paypal, Zelle, Revolut, and Venmo make sure you also set up those accounts with transfer limits and keep no or a very small amount of funds there. Also, don’t connect them to your main bank accounts – only connect them with that secondary account that has limited funds.

You want to insulate your main accounts from your phone’s apps. For more on protecting yourself against forced transfer muggings watch this video.

In some parts of the world mugging and pickpocketing is a common, advanced art (like slash attacks). With most people unsuspecting, big cities like Paris, Rome, and London can become easy hunting grounds for thieves. All of their tricks have counters though that they do not want you to know about.

Here’s how to handle your cash to thwart even the best of pickpockets.

Diversify

A tactic so simple it’s amazing more people don’t do it – distribute your cash in multiple places. Use your wallet, other pocket, socks, or money belt so that all of your money is not in one place. That way if you get robbed, there are limited loses from a successful pickpocketing. Keep your smallest amounts easily accessible and the larger sums in harder to get places. Carry only what you need and don’t keep it all in one place.

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Use The Fold, Luke

Rather than keeping your cash in one big wad, break it up into folds of ones, fives, tens, and other denominations. This way, even if everything is in a single pocket, you can take only a small portion of it out. (Watch the video above to see this demonstrated.) Clever cash folds are another way to lessen the impact of any single, successful theft. Using folds also means you don’t have to take all of your cash out every time for each purchase, when you might only need a small amount. Pickpockets are watching so be careful not to display your valuables.

Decoy The Day Away

In some places it might be worth carrying a decoy wallet loaded with some decoy cards. You can find these sold at just a few dollars and they make a convincing piece of bait for a pickpocket or mugger. They’re effective for times you do have to hand over your purse or empty your pockets in a short time or when confronted. Keep a small amount of cash in your decoy and part with it quickly, knowing the real valuables are still with you.