South African criminal reveals how they steal your bank card at an ATM

An experienced card thief reveals the tricks they use to steal your bank card at an ATM.   ATMs make it possible for consumers to draw cash and transact 24 hours a day. However, they come with risks. Criminals have devised various scams to steal money from ATM users, including card skimming, shoulder surfing, card swapping, and trapping cards. The South African Banking Risk Information Centre (Sabric) warned that millions of […]

 

How ATM card skimmers work

The South African Banking Risk Information Centre (Sabric) recently warned that card fraud is still a big problem in South Africa, with card skimming contributing to the problem. Criminals use sophisticated technologies and well-hidden devices to catch unsuspecting victims at ATMs. To date, not much information was available about how these skimmers are installed and worked – but new videos published by Krebs on Security shows how they function. Krebs […]

 

ATM Safety

The ATM is one of the most convenient ways of banking made available to bank customers by the banks. This innovative service mechanism provides bank customers with the ability to conduct their banking 24 hours a day at any ATM nationally. When you bank at any banking institution’s ATMs across South Africa, you need to ensure that you are vigilant and aware of your surroundings when approaching the ATM and […]