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ATM Frauds on rise
Galaxy News
|03-07-2025
THE problem of ATM Frauds is global in nature and its ramifications have been felt in India as well.
ATM Frauds in India are increasing at an alarming rate. If we add to it the cases of Credit Card Frauds, Internet Banking Frauds and frauds committed using Phishing techniques, the numbers are really shocking. With mobile phones being increasingly used for transactions, instances have been reported of fraudsters intercepting one-time passwords by obtaining duplicate SIM cards. The ATMs need to be highly secured as cardholders are ignorant about such tricks. ATM Frauds happen when someone leaves his/her credit card unattended in a vehicle or changing room or allows anyone else to use the card or looses the card that is misused by others or discloses the Personal Identification Number (PIN) to others, etc. Fraudsters are much more advanced. The Technology can also be
Dit verhaal komt uit de 03-07-2025-editie van Galaxy News.
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