Before I disclose the tricks of securing your ATM cards, allow me to explain the possible ways you can be a victim of money fraud. It is truly easy and simple to use an Automatic Teller Machine. We insert our card in the card slot on the machine, then enter four digit secure pin and select the quantity to withdraw,and then take our money. But, first, do you know the risks and chances you are taking when using an ATM?
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How Our ATM Card or Four Digit Secure Pin might be stolen?
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1. Your good friend or college room mate might guess your password, or steal your card from your pocket. He is able to take it to withdraw money and can put the card back in your pocket.
2. If you’ve remembered four digit secure pin by writing it somewhere inside your diary or phone book, it may also be stolen.
3. There may possibly be a small, portable wireless hidden digital camera in side the ATM machine to keep an eye on your figures and also to record the pin code (password) you enter for money withdrawal.
4. There might be a transparent thin sheet on keypad to record the activities of your fingers and hence to retrieve the password you entered.
5. There also may perhaps be a magnetic frame attached to the card slot, and appear like part of the machine itself, so that whenever you swipe your card or enter it into the slot, it gets swiped with that thin magnetic tape and may be duplicating the information printed in magnetic form on the card’s black strip.
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So how can you protect your ATM Transaction from fraud? Well, it’s not too tough, by simply following the ideas below, and keeping them in mind each and every time you make a transaction, you will be safe.
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1. Never, ever disclose your ATM Pin to any other person. (Even if he/she’s your very best friend.) In the event you might have to disclose your ATM PIN, instantly modify the pin during your next ATM visit.
2. Always keep in mind that four digit pin in your memory and do not record it in a book, on paper, or perhaps in a diary which can put you at an increased risk.
3. Don’t use your card, when you see any abnormal device attached near an ATM machine, keypad or card slot. In such a case, it’s recommended to immediately contact an authorized individual to tell concerning this abnormal device.
4. Always cover the keypad of the machine using your body when entering the password to safeguard it from a possible hidden camera or other people standing close by.
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Remember to make it a habit to modify your password every couple weeks or months and always have a strong password, that’s impossible to guess.
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In conclusion, be smart when using an ATM. Understand how passwords information could be stolen. Don’t forget these safety and security suggestions.
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