"Be Careful"... What Are the Types of ATM Financial Scams?

ATM Card Jam Manipulation, Shoulder Surfing, Card Skimming, and Fake Keypad Installation

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[Asia Economy Reporter Park Sun-mi] There is a risk that card information can be copied or stolen without the user's knowledge through ATM machines, so it is important to be aware of the types of ATM financial fraud.

On the 9th, Standard Chartered Bank categorized ATM financial fraud into four main types: ▲ATM card trapping manipulation ▲shoulder surfing ▲card skimming ▲installation of fake keypads.

Manipulating the ATM card reader to trap the card or watching over the shoulder when entering the ATM PIN are common methods used in financial fraud.

Therefore, if ATM device manipulation is suspected, ATM use should be stopped immediately. Also, when using an ATM, be cautious of people around you and cover the keypad with your hand when entering your PIN. If your card does not come out of the ATM for no reason, you should immediately inform the bank. It is also advisable not to share your PIN with others or use easily guessable PINs such as birthdates.

Criminals may attach card skimming devices to the card reader to steal card information. Skimming is a crime where hackers install a separate device on the ATM card slot to illegally copy the information of credit or debit cards used through that ATM.

Additionally, installing fake keypads over the ATM keypad to leak PINs is another method used in ATM financial fraud. If you receive a notification of transaction completion without having made a withdrawal or payment, or if you find suspicious transaction details on your passbook or transaction statement, you should immediately notify the bank.

This content was produced with the assistance of AI translation services.