ATM frauds are common now!

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ATM frauds are becoming increasingly common especially while there are a multitude of naïve card holders to be victimized. Police are already on alert about the frauds causing theft of large amount of cash. While the ATM users are increasing in India, the frauds are also multiplying. It is quite easy for the scammers to steal and cheat the confused new ATM card holders. Many of them are unaware of the different quick ways that the scammers and frauds can vandalize the funds of the innocent ATM card holders. Recently even in Kerala, Police nabbed gangsters indulging in ATM frauds and robbed the innocent natives using advanced devices. These scammers used spying devices to gain maximum information about the ATM cards of many persons and easily victimized them. 

ATM frauds are becoming the common crime while a large fraction of the population is using ATMs extensively for drawing money. The introduction of ATMs was welcomed eagerly by the urban population as they were elated at the convenience of procuring and transacting money. Even while the banks are not operating, the public could draw money whenever they required. Moreover, as the frequency of the ATMs increased, it was easily possible for the public to draw money wherever they are located or even while travelling. ATM kiosks became rampant across the length and breadth of India. Most public were delighted at the prospects of the development and found their country developing parallel to the Western countries while multiplying ATMs and shopping malls besides other necessary amenities. It became possible for the public to collect their cash even while the banks were not functioning, be it beyond their working hours or on holidays. The public could easily depend on the ATMs even during odd hours to draw money. 

ATM s soon became a necessity for the public to collect the cash as they required. Many started depositing large amount of cash in their account and drawing them through ATM debit cards for its security and convenience. While earlier carrying stacks of currency attracted crime, later the debit cards with high amount of cash attracted thefts and frauds. Earlier, it was difficult for other persons to know the amount of cash available in the ATM cards and this diverted crimes.

But later ATM scammers devised methods to trace the confidential information of the ATM cards and they easily started stealing the funds and victimizing innocent public. Now ATM users have to be very careful if they want to safely draw cash from their bank accounts.

Here are some precautions that can prevent ATM frauds.

 

·        Always keep your PIN number confidential.

·        Do not communicate your PIN to any other person

·        Do not write your PIN on the back of your card

·        Keep a track of your transactions

·        Inform the bank if there are deductions besides your withdrawal

·        Do not give your ATM cards to other persons

·        Carry your ATM cards with you always.