I lost my card 3 days ago but yesterday i found around my room (dont blame me…blame my gf hehe)
Anyway, i already had ordered a card. Can i cancel that order? if not, can i carry on using my old card and decide later if i want to activate the new one or not?
Can you unfreeze it in the app? I suspect not. I did the same - lost it, then it was found in Sainsbury’s (I’d asked the next morning and they hadn’t found it, then again in the evening and it had turned up, but by then I’d ordered a replacement).
If it was found in public where it was accessible by outside parties reactivating would have been a very bad idea. The magnetic stripe and front/back of the card should be assumed cloned by whoever turned it in. Also contactless should be assumed to have had a pre-play attack staged.
That’s a possibility but an unlikely one, what % of people walk around with the kit needed for that?
And if it had happened then the user could freeze the card when they got notified about the first fraudulent transaction & would then get reimbursed by Monzo, since they’d be liable for the transaction(s).
The issuer isn’t liable if there was gross negligence. I am not a lawyer, but I think a strong argument could be made that reactivating a card lost in public was grossly negligent.
Cloning the magstripe requires specialised kit (at least a cheap audio jack magstripe reader for your phone). Pre-playing contactless magstripe only needs a phone with NFC, and stealing the front and back for Internet purchases only needs a camera.
This is why I also hate the US system of restaurants taking cards to the back. But since that’s compliant with network rules allowing it isn’t negligence.
I’m not saying any of this is likely. Simply that it’s security best practice to assume it’s compromised.
We agree that the probability of the card’s details being stolen is low but you’re saying that assuming that they haven’t been stolen would be gross negligence let’s agree to disagree on that.
Personally, I’d be happy to take the risk but that might just be because I generally like to believe in people’s good nature - perhaps too much - although that’s worked out ok for me so far
Your new card will be waiting to be activated, and won’t be operational until it is. Once the new card has been activated in-app, however, your old card stops working.
I’m not 100% sure if you can order a new card if you have one awaiting activation, so you may want to activate and use the new card depending on how many services you’d need to update the card details with.