6 Tips to Protect Yourself from ATM Fraud
With ATM fraud and skimming on the rise, it has become increasingly important to protect your ATM card information.
Skimming is when people steal your Personal Identification Number (PIN) and account number using devices known as skimmers. Skimming has been occurring for nearly 10 years and has resulted in people losing a lot of money.
Two devices can be used to capture your data. One device is placed near where you swipe your card. It automatically reads the magnetic stripe on your card which has your account number on it. The other device, a camera hidden from view, is used to capture your PIN number. Once the thieves have this data, they copy it to a blank card and use it to have access to your money.
The following is a list of tips that can help protect your data and money from thieves:
1. Cover Your PIN Code
Always use your hand to cover the keypad when you are using an ATM machine. Hidden cameras can be placed anywhere to steal your PIN number. Never use an ATM machine if there is someone else standing near you and never write your PIN down.
2. Use Familiar ATM Branches
Using the same ATM branches can help ensure that there is little chance of data theft. Try going during business hours instead of late at night as there is less chance of theft.
3. Check Balance Frequently
Try to make it a habit to check your account balance at least once a week to make sure you are safe. In case your account is skimmed, make sure to inform your financial provider as soon as possible. The longer you wait, the less chance there is that you will get reimbursed.
4. Look for Hidden Cameras
While there is a visible camera inside the ATM, there can also be another camera hidden by thieves to steal your PIN number. Look for any hole or slot that might look out of place. If in doubt, avoid using that ATM and go to another ATM.
5. Monitor ATM Behavior
Pay attention to anything that seems unusual about the ATM. If it is unusually slow or freezes, or asks for your PIN number twice, it has most likely been tampered with. Try using a different ATM just to be on the safe side.
6. Sign Up for Account Alerts
First South offers
free eAlerts that you can set up at any time via online banking. These inform you whenever there is irregular activity on your card every time it is used.
There are many other ways you can stay vigilant while using ATMs to protect yourself from skimmers. Here at First South Financial we take the safety and security of our members' information very seriously and have procedures and processes in place to help protect you from ATM fraud. However, if you suspect you are a victim of ATM fraud, please contact us at 901-380-7400 or stop by any of our banking centers.
