Mystery of bank fraud in Kolkata, Bank customer losing money as ATM skimming racket

The police said three specific cases had been started in Gariahat, Tiljala and Beniapukur police stations. In one case linked to a Canara Bank ATM at Golpark, the police suspect that a cloned card had been used to withdraw the cash.

Asked how the cloned cards can be used since a confidential four-digit PIN had to be keyed in to finish the withdrawal, an officer speculated that a spy camera might have been used to record the hand movements, from which the PIN may have been deduced.
"It appears that fraudsters may have installed a spy camera in the ATM that could capture the hand movement as someone punches the PIN. However, all this is subject to verification," the officer said.
Another officer said a skimmer and a hidden camera could be installed only at ATM kiosks that are unguarded. The CCTV footage of the ATM counters where the complainants used their debit cards will be scanned, sources said.
In 2011, the RBI had cautioned that the majority of cards issued by banks were magnetic stripe cards and data stored on such cards are vulnerable to skimming and cloning. Several banks are in advanced stages of replacing the old cards.

"There has been no breach of data from the bank's end. Somehow, sensitive data relating to the customer's cards were obtained. Police complaints have been filed by the account holders and they have also informed the bank. We are investigating this issue and our headquarters has been informed. At the moment, it is not possible to disclose a cumulative amount," said a city-based Canara Bank official.
The official added that the customers' deposits are insured by Deposit Insurance and Credit Guarantee Corporation and within two to three days, the bank hoped to take action on the fraud.
Share:

No comments:

Post a Comment


  Useful links for Bankers
   * Latest DA Updates
   * How to recover Bad loans/NPA Acs
   * Latest 12th BPS Updates
   * Atal Pension Yojana (APY)
   * Tips while taking charge as Manager
   * Software used by Banks in India
   * Finacle Menus, Shortcuts & Commands
   * Balance Inquiry Number of all Banks
   * PSU & Private Banks Quarterly result
   * Pradhan Mantri Awas Yojana (PMAY)

Contact Form

Name

Email *

Message *