ATM fraud is on the rise, and criminals have come up with new ways to scam unsuspecting users. A recent report has highlighted a deceptive tactic where fraudsters manipulate ATM machines to trap cards and later steal money. Awareness and preventive measures are essential to safeguard your finances.
How the Scam Operates
Scammers remove the ATM’s card reader, causing customers’ cards to get stuck inside the machine. Once this happens, they pretend to help by asking the victim to enter their PIN. When the PIN doesn’t work, they suggest lodging a complaint with the bank. As soon as the victim leaves, the fraudsters retrieve the card and use the stolen PIN to withdraw money.
Preventive Measures to Stay Safe
- Select a Secure ATM Location – Prefer ATMs in well-monitored and well-lit areas.
- Stay Alert During Transactions – Make sure no one else is inside the ATM booth when withdrawing money.
- Cover Your PIN Entry – Shield the keypad with your hand to prevent anyone from seeing your PIN.
- Avoid Help from Strangers – Do not accept assistance from anyone while using the ATM.
- Monitor Your Bank Statements – Regularly check your transaction history for unauthorized activity.
- Report Suspicious Activity – If you notice anything unusual, such as a loose card reader, inform the bank immediately.
- File a Complaint in Case of Fraud – If you suspect fraud, report it to the cybercrime department and take immediate action.
Stay Cautious and Secure Your Finances
With evolving fraud techniques, staying alert is crucial. Always be mindful of your surroundings while using ATMs, and never share your PIN with anyone. By following these safety measures, you can effectively prevent ATM-related scams and keep your money secure.