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Cash machine fraud

Scammers are using sophisticated techniques to gain credit card information. In most such cases, where people suffered losses, they could not remember how it happened. 

Tricksters use many different ways to tamper and steal information. Bankshave offered warnings to customers to cover their PINs from hidden cameras and the prying eyes of others while using credit or debit cards. 

They have asked the users not to write the code PINs in papers while accessing the machines. In addition, they should not tell the PIN to anyone or allow anyone to use their card. 

If you suspect anything unusual at the ATM, report it to the bank and check all your statements carefully after each transaction. 

Also, be careful of people who may be trying to distract you at the counters to steal your documents. 

How To Protect Yourself?

 Always cover the keypad using the other hand before inserting the password at cash machines.

Take a look around to spot suspicious people standing too close and trying to discover your details while you are withdrawing money.

If you see some part of the machine damaged or not belonging to the complete set-up, do not withdraw money from that machine. 

Get alert if several purchases and withdrawal statement appears on your account that you did not initiate.

Some machines are standalone systems embedded in a building built entirely by fraudsters.  Such machines may have a skimmer to the card slot, a small device that fits in the slot and looks like a part of the machine. 

Nevertheless, it is designed to copy information through the card. Or, there can be a system where the card slides inside the real slot, but the card will not come out again after the transaction.  If you leave the machine, the fraudsters will take the card from the slot and read it.

  • Some tricksters pose as a bystander to spot the PIN, and they may divert your attention to steal your card. 

  • Some install a hidden camera over the keypad to capture the numbers or the characters you enter, and they steal and use the PIN to get money from the victim's card. 

  • If you suspect any such fraud, report it to the investigation agencies.

Date Published: Feb 03, 2022

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Cybercrimes can be of two types. First, it can be cyber dependent, where the fraudsters use online devices to convince the victim to accept their offers.

Advance fee fraud

If you are trying to get a loan for a house or a car, they ask to meet the provider to get the financing arrangement and pay the finder's fee in advance.

Corporate fraud

Corporate frauds can be complicated, committed either by the firm or an individual. Nevertheless, it mostly involves cheating where the employee or the firm.

Individual fraud

There are many types of individual frauds related to advance fees, investments, insurance brokers, bogus tradespeople, Ponzi schemes, pension liberation.

Online fraud

Hence the number of cases of online fraud is increasing each year, and most such cases include – account takeover, direct frauds, or scams related domain names.

Identity fraud and identity theft

The criminal uses the stolen identity of another person living or deceased to conduct unlawful activities like obtaining goods or services in another's name.
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