NEWS & ADVICE : CREDIT CARDS
Increasing Credit cards and ATM frauds
By Ankit Sharma
Feb 7, 2014
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Recently it has been reported that nearly 13.35 lakh rupees are drained out form the bank accounts of the 60 customers in Cuffe Parade. It has been expected that this could be a case of skimming where the fraudsters are duplicating the credit cards of the customers and then using them illegally.

According to a Police constable in recent times they have received a number of complaints from the customers of nationalized banks regarding this. They receive the messages of the transactions that they have never made.

It is suspected that the cheats use a skimming device at the ATMs to gather the people’s data. There is constant increase in such cases and no effective measures are there by banks and the police regarding this. A senior officer reported that there are special cells to deal with such cases but there are no skilled officers to handle the task. People are quiet disappointed and feeling insecure in using ATMs and credit cards.


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