This article contains steps on how to protect your NSFAS Mastercard and myNSFAS portal profile as well as what to do if your account is compromised unauthorizedly.
Did you know? Students have lost their NSFAS allowances because they disclosed their passwords and PINs to individuals. Great news. NSFAS created a MasterCard for students. The new Mastercard system has been put in place to make it less easy for criminals to gain access to student funds.
Below are the true stories of students who have experienced fraud by sharing their PIN or password with individuals and the methods that students can use to avoid fraud.
- Impersonation of NSFAS Officials requesting students’ passwords and personal details. NSFAS officials and College Financial Aid staff will not contact students and ask for personal details (pins, passwords etc).
- Students revealing pins, passwords or sharing cellphones with those they have a close relation to. CCTV cameras at retail stores at times revealed friends, classmates withdrawing students allowances without students’ consent.
In this article we have put together steps at which you can create a strong NSFAS password for your mastercard and myNSFAS profile in order to make them more secure. Kindly read along to get the steps.
HOW TO CREATE A STRONG PASSWORD FOR YOUR NSFAS MASTERCARD AND MYNSFAS PORTAL PROFILE
We all know that it is only with a secure account you can be rest assured your funds are not tampered with and this can only be done by creating one. Here are steps in creating a strong password for your NSFAS Mastercard and myNSFAS:
- Start by using a different password combination that has nothing to do with your name, birthdate or phone number. This is important because it prevents intruders from guessing the password correctly.
- Use a combination of upper and lower case letters, numbers and symbols as well as making it at least 10 characters long. This is important because it tightens the security of the account even further.
- You can use an acronym on a phrase that only you can remember e.g. You can convert ‘Try to eat Pasta’ to TTEP123#. This also makes it difficult to guess as well.
- Try as much as possible to always update your NSFAS password regularly. This is necessary because it helps maintain maximum security of your account and the funds in it.
WHY IT’S IMPORTANT TO HAVE A STRONG PASSWORD FOR YOUR NSFAS ACCOUNT
- It is important for protecting your personal information and the funds allocated to you by NSFAS
- It is also important for protecting your NSFAS credentials from login breaches.
- It prevents the issue of identity theft or fraud.
- As stated earlier, it helps prevent intruders from guessing your password correctly.
- It helps to guarantee a 100% guarantee of your NSFAS password.
HOW TO AVOID FRAUDULENT ACTIVITIES FROM OCCURING ON YOUR MYNSFAS PORTAL OR NSFAS MASTERCARD
- Do NOT share your MYNSFAS profile or Mastercard pins, passwords with ANYONE.
- Always log out completely, at a computer lab once you are done viewing YOUR myNSFAS profile or using the Coinvest App on phones.
- Always protect your cellphone if there are pins stored on it – restrict access to your phone by activating password protection on your phones.
- Do not borrow your Mastercard to individuals requesting them to withdraw funds on your behalf, at the ATM (please withdraw your own funds and always keep your Mastercard safe)
HOW TO CHANGE YOUR NSFAS PASSWORD IF YOU FORGET IT
We all know the frustration of forgetting a password. Fortunately, technology can provide an easy way to get back in your myNSFAS Portal account, or your NSFAS mastercard account.
- The first step to resetting a forgotten password is on the myNSFAS student login page.
- Click on ‘Forgot Password?’
- You will be asked for some personal information like your email address and user ID number which you will have to provide
- Once that information is provided and verified, myNSFAS will send you an email and SMS with an OTP in it.
- You will then have to input it in the box provided
- This then allows you to create a new password.
- For those with an NSFAS Mastercard, the same process applies except that the reset link will come via SMS.
From there you can simply input your new password and start accessing your accounts as normal. Don’t let frustration keep you from logging into myNSFAS or using your NSFAS Mastercard; use these simple steps to reset your forgotten passwords today.
WHAT TO DO IF YOU THINK YOUR ACCOUNT HAS BEEN COMPROMISED
If you think your myNSFAS portal or NSFAS Mastercard account has been compromised or tampered with, it’s important to take action immediately.
- First, log out of all current myNSFAS sessions and then change your myNSFAS password (follow the instruction as stated above for resetting your password).
- You should also change the passwords for any other websites that you use with myNSFAS – for example, any social media accounts that you log into using myNSFAS.
- If you suspect that someone else has accessed your myNSFAS portal, contact the myNSFAS help desk and notify them of the situation as soon as possible. They’ll be able to provide specific advice about how to deal with the situation and make sure that your account is secure once again.
- Most importantly, if you have a Mastercard and suspect unauthorized use, contact NSFAS in order to replace or suspend your card.
By taking these steps quickly, you can help protect yourself from potential fraud or identity theft. In addition, it’s important to also remain vigilant by regularly checking activity associated with your myNSFAS account and taking steps to strengthen online security in general. With these measures in place, chances are slim that your myNSFAS account will ever be compromised again.
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