10 Percent of Financial Fraud Victims Fall Victim to Bogus ATM Withdrawls
Javelin Strategy has released a report about consumer financial fraud that shows that 10 percent of fraud victims fell victim to ATM cash withdrawls. Criminals are using skimming devices that they attach to ATM machines. These devices capture the ATM card information when you insert your card into the machine. Hidden cameras are typically used to see you enter your PIN number. Cyber criminals also will send text messages or even phishing emails to try to get ATM PIN numbers.