Do you know anything about ATM Frauds ??

@ichampin (593)
India
January 5, 2007 11:58am CST
I would like to know that how people do ATM frauds, what is their strategy and atlast how they are able to withdraw money from someone other's account ????
1 person likes this
1 response
@ronaldinu (12422)
• Malta
5 Jan 07
There was a warning in a local newspaper that a group of ATM thieves used to distract debit card owners by distracting the person after that he or she has keyed in the PIN number. One thief takes note of the number that you have inserted, another distracts you by throwing something on the floor and asking you if it yours, giving them ample time to take your card. These are preventive measure which I found in a website, that might help us in avoiding ATM frauds. • Never leave your credit card unattended in a vehicle or changing room. • Avoid leaving your card loose in pockets or bags. • Always keep your card secure in your wallet or handbag. • Keep a close watch on your credit card and wallet/bag/briefcase in public places. • Never allow anyone else to use your card. • Sign new cards as soon as they arrive and cut up old cards when they expire. • When purchasing goods, please be patient if your card is sent for authorisation or verification. • If your card is lost, stolen or not received, please inform the card issuing bank/organisation immediately. • Always retain sales/charge slips to compare with the amount specified on the billing statement. • When travelling abroad or within the country, ensure that you carry the telephone number of the card issuing bank/organisation. • Do not disclose your PIN (Personal Identification Number) to anyone. • Always memorise your PIN. • If you forget your PIN, please contact card-issuing bank/institution and intimate them of the same. The bank will then send you a new card with a new PIN, on receipt of which you should immediately cut up your old card. • If your card ever gets stuck in the ATM, do not reveal your PIN even to the concerned bank official/institution. It would suffice to let him / her know that your card has got stuck in the ATM.
@ichampin (593)
• India
6 Jan 07
thanks for your response...thats was really a useful information