Beware of New ATM Scam: How to Protect Yourself

Understanding the ATM Scam

If your card gets stuck in an ATM while withdrawing cash, it’s crucial to be cautious, as a single mistake could lead to significant fraud. A recent report has unveiled a new ATM scam orchestrated by fraudsters.

This scam involves the removal of the card reader from the ATM, causing the customer's card to become trapped inside when they attempt to use it. Once this happens, the scammers offer to assist by asking the victim to enter their PIN. When the PIN fails, they instruct the victim to file a complaint with the bank.

Scammers Wait for the Right Moment

After the customer leaves, the fraudsters retrieve the card from the machine and withdraw money from the victim's account. This scam is particularly dangerous as it exploits the victim's trust in strangers and their willingness to accept help in difficult situations. It is essential for ATM users to remain vigilant and report any suspicious activity to their bank immediately.

New Techniques in the Market

Fraudsters have developed a new technique to deceive people using ATMs. According to reports, they detach the card reader from the machine, causing the customer's card to get stuck. They then offer assistance by asking for the PIN and feigning an unsuccessful entry. After the customer leaves to file a complaint, the scammers take advantage of the situation. Once the customer is gone, they retrieve the card and use it to withdraw cash.

7 Tips to Enhance Your Security

When withdrawing cash from an ATM, pay close attention to the location.
Ensure that no one else is inside the ATM while you are withdrawing money.
Cover your PIN entry to prevent anyone from seeing it.
Avoid seeking help from strangers during any transaction.
Always check your account statement on your mobile after withdrawing cash.
If you sense any suspicious activity that could indicate a scam, report it immediately.
In case of any incident, inform the cyber team and file a complaint.