ATM Card Trap Scam: What is it? How to stay safe
atm card trap scam: what is it? how to stay safe
As per a recent update by the Times of India, a new scam named the ATM card trap scam has surfaced. This scheme involves cunning tactics used by scammers to pilfer money and personal data through ATMs. It’s imperative for users to remain vigilant and take the necessary precautions to safeguard their finances and identities. Here’s how it operates and how to be secure:
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Here’s how the ATM card trap scam works
Tampered ATM
The ATM’s card reader is physically altered by scammers and his may entail completely uninstalling the reader, which would cause your card to become stuck, or inserting a skimming device to take your card information.
Pretending to be helpful
If your card becomes stuck during inserting, a friendly stranger may show up and offer assistance.
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PIN stealing
They may offer to call the bank for you while you wait, or they may persuade you to re-enter your PIN in an attempt to “unstick” the card (by viewing it in the process).
Taking advantage
They want you to leave the ATM by diverting your attention in the hopes that you would forget your trapped card.
Closing down your account
After you leave, the con artist takes your card and uses your pilfered PIN to take money out of your account.
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Tips to stay safe from ATM card trap scam
- Always check the ATM for odd attachments or anything out of the ordinary near the card slot. Keep an eye out for evidence of tampering, such as loose parts or covert cameras.
- You shouldn’t depend on strangers to aid you if your card becomes stuck. Being careful is preferable to running the danger of becoming a scam victim.
- Never divulge your PIN to anybody, not even bank representatives. Your PIN will never be requested by them in person or over the phone.
- Use the customer support number located on the back of your card or the bank’s official app to get in touch with your bank immediately if your card becomes stuck.
- Pick ATMs that are situated in areas that are well-lit and with security cameras, ideally inside a bank branch while it is open.
- Report any manipulated ATMs you come across right away to the authorities and the bank.
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