ATM Cloning Fraud: Mistakes To Avoid During ATM Transactions
Bank customers need to be careful during ATM transactions especially while shopping. Though fraudsters mostly target ATM cardholders in rural areas, there is no guarantee that urban people will not be affected by frauds. Usually fraudsters target women and elderly persons in the pretext of helping them at ATM kiosks. Therefore it is important to know about the fraudulent activities that these fraudsters adopt and the measures need to be taken for safety of your hard earned money.
To avoid fraud it is advisable for bank customers to attach their accounts with mobile numbers. If any transaction happens, bank customers will get SMS from the bank on their registered mobile numbers. Someone should not store the ATM PIN on his/her mobile phone. In case of the phone is stolen, mobile theft will have access to your account. Therefore, bank customers should memorise the ATM PIN.
Skimming of debit card:
Among other frauds, skimming is the most common fraud. Mostly, fraudsters keep an additional device with a camera fitted inside. They take photographs of your ATM, which contains entire details of your ATM card. They also capture the details of ATM and other details required to do ATM transaction. It is advisable to not allow others while entering the ATM PIN. Someone can use his free hand to hide ATM key and entering PIN on keypad.
Debit card swapping:
It’s better for bank customers to avoid any kind of help from the strangers. Moreover, banks ask the customers not to allow strangers while withdrawing money from the ATM. As pet the norms, no one can stand inside the ATM, if someone is withdrawing money.
Pseudo phone bankers:
Pseudo phone bankers give phone calls to bank customers asking their name, date of birth, customer ID, debit card number and CVV. It is pertinent to mention that, a genuine phone banker never asks for any detail already provided to the bank. Remember the banks only ask for date of birth and correspondence address of the customers. It required, the banks will ask for the last four digits of the debit card. Only a fraud will ask for more details other than date of brith, mailing address.