Atm Card Fraud

ATM fraudsters trap cards, trick people into sharing PINs, and then steal their money.

Around 39 percent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 percent of them got their funds back, LocalCircles said in a report on Tuesday.

After preliminary investigation, police have found that the accused withdrew cash using these ATM cards from the Nagaon area, he added

Assam Police have arrested five people in connection with two ATM fraud cases and recovered 68 ATM cards. Police have also seized three vehicles.

The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering.

The Noida Police on Monday said they have arrested four men for duping people in Delhi NCR by withdrawing money from their bank accounts after changing their ATM cards using tricks they learnt from YouTube.

A person called the doctor over the phone and told him to provide his bank details, including the CVV number of his ATM card on the pretext to activate his ATM card which have been blocked, the police said.

The bank asked customers to report all suspicious transactions to home branches

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards.

A 28-year-old man has been arrested in Delhi's Okhla Industrial Area for allegedly withdrawing money from bank accounts of people after swapping their ATM cards on the pretext of helping them, police said on Sunday.

Mr Emil revealed that he used to visit India to earn money by cloning ATM cards and was involved in cheating and cyber crimes to support his family's luxurious lifestyle.

Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1 lakh.

While transacting via an ATM-cum-debit card, customers often forget hiding their password, which may lead to a fraud. In order to prevent such instances, SBI recommends that customers should conduct ATM transactions in complete privacy. In case an unauthorised transaction happens via the ATM-cum-debit card, customers should immediately inform the b...

43 blank ATM cards, one laptop, swipe machine, three mobile handsets, and Rs 20,000 in cash were seized from the culprits' possession.

ATM fraudsters trap cards, trick people into sharing PINs, and then steal their money.

Around 39 percent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 percent of them got their funds back, LocalCircles said in a report on Tuesday.

After preliminary investigation, police have found that the accused withdrew cash using these ATM cards from the Nagaon area, he added

Assam Police have arrested five people in connection with two ATM fraud cases and recovered 68 ATM cards. Police have also seized three vehicles.

The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering.

The Noida Police on Monday said they have arrested four men for duping people in Delhi NCR by withdrawing money from their bank accounts after changing their ATM cards using tricks they learnt from YouTube.

A person called the doctor over the phone and told him to provide his bank details, including the CVV number of his ATM card on the pretext to activate his ATM card which have been blocked, the police said.

The bank asked customers to report all suspicious transactions to home branches

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards.

A 28-year-old man has been arrested in Delhi's Okhla Industrial Area for allegedly withdrawing money from bank accounts of people after swapping their ATM cards on the pretext of helping them, police said on Sunday.

Mr Emil revealed that he used to visit India to earn money by cloning ATM cards and was involved in cheating and cyber crimes to support his family's luxurious lifestyle.

Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1 lakh.

While transacting via an ATM-cum-debit card, customers often forget hiding their password, which may lead to a fraud. In order to prevent such instances, SBI recommends that customers should conduct ATM transactions in complete privacy. In case an unauthorised transaction happens via the ATM-cum-debit card, customers should immediately inform the b...

43 blank ATM cards, one laptop, swipe machine, three mobile handsets, and Rs 20,000 in cash were seized from the culprits' possession.