ATM Fraud: Keep Your Accounts Safe
With all the methods thieves have at their disposal, be aware and cautious when using your ATM or debit card, and keep your money where it belongs — with you.
According to BALANCE, one popular method thieves are turning to involves skimmers. Skimmers are card-reading devices attached to the card slots of legitimate ATMs. These unnoticeable devices allow the ATM to operate normally while permitting thieves to steal account information. Skimmers read your card information, and a hidden camera or keyboard overlay device captures your PIN. Criminals can then use your information for fraudulent transactions.
Thieves also employ other schemes. They may tamper with security cameras or simply peer over your shoulder as you are using the ATM. There are steps you can take to keep your accounts safe:
- Before inserting your card, wiggle the card slot. If it moves, there may be a skimmer on it. Alert your financial institution immediately.
- Avoid using ATMs in remote or strange locations.
- Use the same ATM during daytime hours for all your transactions. You are more likely to notice if the machine has been tampered with.
- Be aware of your surroundings, and look over your shoulder before entering your PIN number.
- Check your accounts often for fraudulent activity. Notify your financial institution immediately if you see anything suspicious.
- Take precautions when using a drive-up ATM. Pull up close, keep your car running and make sure car doors are locked.