An ATM (Automatic Teller Machine) is a machine that is used for communication with a financial institution or bank to provide a secure method for dispensing money. It replaces the teller at the bank and so is called Automatic teller machine. The process is simple you insert a personally coded card as a means of authentication. The ATM communicates with the bank or credit card account and checks the balance in your account. Then it allows you to pay your bill or transfer or even accordingly dispenses the amount requested for.
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The Code number on your card is obtained by a reader which reads the magnetic strip on your card and transmits it to the nearby receiver where it is recorded by the hacker.
With this information the hacker creates a card with your code and then wi thdraws money from your account using the PIN recorded through the Spy Cam.
There are other methods of fraud related to ATM machines. A computer geek could get the Administrator password of the ATM and change the nature of the currency it holds. For example he could alter the $10 bills with $50 thus getting S50 bills instead of $10.
So if you think is there any fault in ATM then contact with associated company for that. When you enter for withdrawing your money from ATM then have a look around for sure of everything is ok. Because Hackers could use spy cameras on roof, sides or on any part of the ATM from where it is a little damaged.
You could get make yourself safe by making yourself safe from things like below
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Get safe from ATM Hackers:
ATM hacking is related to getting your personally coded information from the machine by fraudulent means. This is done by placing a spy camera so that the Personal Identification number (PIN) and other information gets recorded.The Code number on your card is obtained by a reader which reads the magnetic strip on your card and transmits it to the nearby receiver where it is recorded by the hacker.
With this information the hacker creates a card with your code and then wi thdraws money from your account using the PIN recorded through the Spy Cam.
There are other methods of fraud related to ATM machines. A computer geek could get the Administrator password of the ATM and change the nature of the currency it holds. For example he could alter the $10 bills with $50 thus getting S50 bills instead of $10.
So if you think is there any fault in ATM then contact with associated company for that. When you enter for withdrawing your money from ATM then have a look around for sure of everything is ok. Because Hackers could use spy cameras on roof, sides or on any part of the ATM from where it is a little damaged.
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