Bank ATM fraud ALERT! Your credit card, debit card under attack, why you must do this to stop loss

Feb 06, 2019, 10:41 AM IST
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Bank ATM fraud is getting rampant as can be seen from the instances of innocent people being targetted. The loss at bank ATMs from credit card and debit card fraud has increased so much that it is attracting people from foreign countries, even Europe, to come here and take advantage of the credit and debit card owners here who are mostly unaware of the danger that they, and their money, are in.

In the latest instance, 5 foreigners, including two women were allegedly siphoning off money from bank ATMs using cloned credit cards and debit cards, police said Monday. These were Romanian nationals and were operating in north Delhi's Sadar Bazar area. They used to install a skimming device in the bank ATM and no one realised this or saw it. This gave them all the details of innocent people's credit card and debit cards including PINs. The bank ATM skimming device is made up of a small battery and memory chip that is placed on top of the bank ATMs keypad to capture the data of customers who come to withdraw their money through their credit card and debit card. They also used to install camera and a memory card along with a chip in the bank ATMs, the police officer said. Here is what you can do on your next trip to a bank ATM to withdraw cash:

 

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1. See if there is anything wrong with the card reader:

1. See if there is anything wrong with the card reader:

In the bank ATM,  always pull on card reader to check if it is loose. If so, do not insert your credit card or debit card. Inform bank. (Source: Reuters)

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2. Llook for anything out of the ordinary

2. Llook for anything out of the ordinary

Before putting your debit card and credit card inside the bank ATM Machine, always look for anything out of the ordinary like tape or glue on the console. (Source: Reuters)

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3. Do not forget to check the machine

3. Do not forget to check the machine

Before withdrawing cash from the ATM, do not forget to check the machine. In order to copy card details fraudsters use tactics like placing false fronts over card slot. There can also be a small camera positioned inside to capture your PIN. The camera can be at some strategic location on teh bank ATM machine, hidden from sight. (Source: Reuters)

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4. Avoid using ATM in case of suspects

4. Avoid using ATM in case of suspects

Avoid using the bank ATM, if you suspect tampering, and report it to the bank. (Source: PTI)

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5. use ATMs next to banks

5. use ATMs next to banks

Use an ATMs where there is actually a bank right next to it. That means do not use a bank ATM that is in a remote area. (Source: PTI)

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6. Use the ATM, belongs to your bank branch

6. Use the ATM, belongs to your bank branch

Try and use the ATM that belongs to your bank branch and not any other. Try not to use credit card and debit card of your bank in a different bank's ATM machine. (Source: PTI)

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7. Try and deal with as less cash as possible

 7. Try and deal with as less cash as possible

Go digital or cashless. However, that too calls for being very careful as you will find many hackers out to steal your money. So, the lesson is, be as careful as you can and check your bank account details on a regular basis - every 2nd day or so, if possible. (Source: PTI)

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8. Do not allow any one inside the bank ATM cabin.

8. Do not allow any one inside the bank ATM cabin.

That also means you should not allow any one inside the bank ATM cabin. (Source: PTI)

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9. Mobile phone number must be synced with bank account number

9. Mobile phone number must be synced with bank account number

Always ensure your mobile phone number is synchronised with your bank account number. This will ensure you get a SMS as soon as there is any transaction in your account. (Source: PTI)

 

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10. Do not let anyone peep over your shoulder

10. Do not let anyone peep over your shoulder

Do not let anyone peep over your shoulder to see what you are doing. They are trying to find out your PIN. The fraudsters can peep at your PIN as you enter it. So, stand near the ATM machine and use your body to shield the keypad as you enter the PIN. (Source: PTI)

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