ATM FRAUD

The term "ATMfraud" can refer to an illegal transaction that is committed by using anATM, including fraudulent deposits or skimming card information.

Card Trapping

Involves placing a device directly over or into an ATM's card reader slot. These devices are designed to retain cards after customers insert them. The criminal will also attempt to find out the PIN, so cardholders who do not shield the keypad are at much greater risk of this type of fraud than those who do.

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Criminals

attempt to get hold of the PIN

either by Looking over the customers shoulder The criminal may even pretend to be a well meaning bystander who convinces the customer to re-enter the PIN while they watch.

The card has been captured and the customer is confused as to why this is so.

Here we see the Fraudster pretending to render assistance. What he is in fact trying to do is obtain the

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The customer then gives up on the transaction, thinking that their card has been retained, and walks away from the machine. The criminal then removes the device along with the customers card, which they use with the PIN to withdraw cash.

Card Skimming/Card Cloning

Involves the installation of a magnetic card reader over the real ATM's card slot and the use of a wireless camera or a modified digital camera or a false PIN keypad to observe the user's PIN. Card data is then cloned into a duplicate card and the criminal attempts a standard cash withdrawal.

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The stolen data is then used to make Counterfeit cards that are used to draw money from the victims account.

Captured plastic skimmerAnother card skimming device is keystroke captured skimmer. It is a thin and transparent plastic with the microchips recorded device underneath; which is overlay on the top of the ATM keypad and looks like a normal plastic covered. In fact, it is used to capture the keystroke when customers press the PIN numbers . This plastic misleads customers that it is a new used keypad or it is used to cover the dust or cover the printed number keypad not to fade too early. In addition, some ATM machines are covered with the fake keypad covered which is similar to the real one;

Shoulder SurfingShoulder surfing involves observation as a person taps onto an ATM PIN pad. Criminals typically position themselves close to legitimate ATM customers to watch covertly as the customer enters his or her PIN. Customers who shield the keypad when they enter their PIN are much less likely to fall victim to this type of fraud.

How to Prevent it?

Make

a physical check of theexterior of the ATM before you insert card in. the ATM keypad while entering PIN. Stand closer to the ATM screen and shield your keystrokes with your hand as you enter your PIN number. the

Cover

Makesuretherearenosuspiciouspeoplehangingaroundnear

machine, especially ones who offer to help when your card doesn't work.
Don't

accept "help

Check

your bank account balance regularly so that you can spot any discrepancies quickly. change the PIN of the ATM card

Frequently

LATEST ATM FRAUD TREND IN MARKET

BANKS WERE DETECTED WITH SCAMMING DEVICES REPORTED ATMs Had Key Logging Keypads Over The Original AND Card Scammers in the Slot For Putting The Cards In

SECURITY REMINDERS BEFORE, DURING AND AFTER ATM TRANSACTIONS

Prepare

your card. Do not look for it while you are in a public place. Before approaching the ATM, have your card ready to avoid exposure to other people of your valuable items especially inside your bag.

1. Observe your surrounding. Stay alert. Once you enter the ATM room, lock it for your safety. Follow your intuition. You can leave the room anytime once you feel unsafe inside. 2. Cover with your hand the ATM keypad while you were entering your PIN and amount. 3. Report immediately if the ATM does not work. Cancel your transaction and call the attention of the nearest stand by guard for assistance. 4. Avoid asking the help of the strangers especially suspicious looking individuals. 5. Be on guard for look-outs or followers after you have done your transaction. If there is any, go to the nearest police station and report the incidence. 6. Report to the security department of the bank any experienced ATM fraud or crime. This will help them develop or improve existing security programs.