THE MACHINISED FRAUD
THE STORY OF ATM FRAUDS
While ATM Machines have become common to the world, ATM
frauds too have become common around the world. Everywhere there are innocent
ATM users who suffer due to the fraudsters who turn out to be smarter over the
negligence of the users.
We had carried an article in our last issue on ATM
Fraud where in Rs. 38000/- were withdrawn from a persons account in a span of
seven minutes from the same ATM where the victim made his withdrawal. The case
was filed and the CCTV image from the Bank was awaited.
Then, after obtaining CCTV Images from Bank, Lokesh along
with his relatives went to the ATM again and showed the images to security guard of
the ATM. The security guard recognised the person in the image & told them
that he has many accounts and often visits the ATM and also informed them the
time of his visit. Lokesh & his group decided to wait. And the thief
arrived in a Santro car. He stopped on the opposite 100feet road and came crossing
the road without any suspicion. Like his daily job he went inside the ATM, then
came out and waited for his hunt. One person then arrived at ATM and went
inside for withdrawal. After he came out the thief immediately went inside and
took a print out of the earlier person’s account’s balance which showed the
balance of Rs. 17,500/-. Lokesh & group covered the ATM area and the thief
realised this. Sensing that there may be some trouble he came out of the ATM
and started running, but was out of luck this time. He was caught by the group
and beaten up and dragged to Kamakshipalya police station. He admitted his
crime and soon his family members approached to the police station and pleaded
to Lokesh not to take any further action. They agreed to pay the amount and
finally Lokesh decided to close the case and received his amount of Rs. 38,000
+ 7,000 as compensation amounting to Rs. 45,000/-. The thief whose age was
around 22 years was from an affluent family and is also working in finance department
of a reputed company in Bangalore
THE TECHNIQUE OF FRAUDS
Ever wondered how ATM frauds take place? We have
discovered from our sources and bring to you the most common manipulations
undertaken by the fraudster in ATM frauds. Take a look and be careful and
observant henceforth while using ATM’s.
The most common practice is fixing a duplicate key
logging pad over the original plate and a magnetic strip reader on the card
slot of the machine. Thus when one enters his pin code, it is entered on the
duplicate logging pad and when one inserts his card in the slot, the magnesium
strip reader records the codes of the card.
Then when a person leaves the ATM, the cheat removes back
the additional logging key pad and the card strip and has the record of the
card holder along with his pin. The strip can then be used as a card and the
person can recover your password from the logging key pad.
Another common practice fraudsters follow is to insert a
black colour x-ray film into the card insertion slot with edges folded so as to
hold it on the slot. Then, when someone inserts the card it goes in but gets
stuck in the inserted film strip. The person cannot also retrieve it as the
film has sliced edges which do not allow the card to slip out and he thinks his
card has been confiscated.
In such circumstance, the fraudsters turn up behaving as
good Samaritans and offer to help. They ask you to enter your pin code and
assure you that they have done it so on earlier occasions. But, when you enter
your pin, the card still does not come out. They pretend to be trying hard to
retrieve but fail. They then feel sorry for you and leave. Dejected, you also
leave the ATM.
Once you leave the area, they verify their safety and
return to retrieve the card by pulling out the inserted filament. Now they not
only have your card but also your pin code.
TIPS THAT MAY HELP YOU!
Be vigilant and observant in the ATM. As far as possible,
use the same ATM for transactions. If there is any change in the surrounding,
it will strike you easily.
Most commonly, the keyboards are set up within the body
of the machines and not protruding above the base. If you find it protruding,
beware yourself.
The card slots are also within the body of the machines.
If it is also extended than take caution.
Check for any miniature camera that may capture you
entering your pin code. Also shield your pin entering hand with another hand or
paper or envelope.
Better be cautious than be Sorry!
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