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    Thieves Using

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    Flávio Santos
    Thieves are increasingly stealing money from consumers through ATM fraud known as "white card" fraud. A 2005 report found that 3 million US consumers were victims of ATM or debit card fraud in the previous year. The fraud involves thieves sending emails with links to fake banking sites to get account and PIN information, which they use to make blank cards look like real debit cards to withdraw thousands from victims' accounts at ATMs. Consumers are advised to never give out their PIN, keep receipts to track transactions, and monitor their account balances to prevent becoming victims.

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    Thieves Using

    Uploaded by

    Flávio Santos
    12 views1 page
    Thieves are increasingly stealing money from consumers through ATM fraud known as "white card" fraud. A 2005 report found that 3 million US consumers were victims of ATM or debit card fraud in the previous year. The fraud involves thieves sending emails with links to fake banking sites to get account and PIN information, which they use to make blank cards look like real debit cards to withdraw thousands from victims' accounts at ATMs. Consumers are advised to never give out their PIN, keep receipts to track transactions, and monitor their account balances to prevent becoming victims.

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    Thieves are increasingly stealing money from consumers through ATM fraud known as "white card" fraud. A 2005 report found that 3 million US consumers were victims of ATM or debit card fraud in the previous year. The fraud involves thieves sending emails with links to fake banking sites to get account and PIN information, which they use to make blank cards look like real debit cards to withdraw thousands from victims' accounts at ATMs. Consumers are advised to never give out their PIN, keep receipts to track transactions, and monitor their account balances to prevent becoming victims.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    12 views1 page

    Thieves Using

    Uploaded by

    Flávio Santos
    Thieves are increasingly stealing money from consumers through ATM fraud known as "white card" fraud. A 2005 report found that 3 million US consumers were victims of ATM or debit card fraud in the previous year. The fraud involves thieves sending emails with links to fake banking sites to get account and PIN information, which they use to make blank cards look like real debit cards to withdraw thousands from victims' accounts at ATMs. Consumers are advised to never give out their PIN, keep receipts to track transactions, and monitor their account balances to prevent becoming victims.

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    Thieves Using ‘White Card’ Fraud on ATMs

    Online thieves increasingly are stealing consumers’ money in yet another way--through ATMs (automated teller
    machines).

    A 2005 report from Gartner Inc., a technology analyst firm, estimates that three million U.S. consumers were victims of
    ATM and debit-card fraud in the past year.

    The research suggests that many financial institutions are failing to enforce an important security check, making it
    easier for thieves to forge ATM cards and walk off with thousands of dollars at a time.

    The fraud usually begins when a con artist sends a legitimate-looking e-mail with a link to a phony Web site that
    appears to belong to the consumer’s financial institution. E-mail recipients are asked to give their account number and
    PIN (personal identification number). With this information, thieves can make their own ATM cards using stolen
    account numbers. It’s known as “white card” fraud because the stolen data are put onto the backs of blank, white
    plastic cards that look like credit cards.

    To help protect yourself from being a victim of white card fraud, follow these tips:

    * If your card is lost or stolen or you think you’ve been a victim of white card fraud, contact us immediately at 847-676-
    8000.

    * Never give your PIN to anyone. Make sure your PIN is a number only you would know--don’t make it a number a
    thief easily could figure out, like your birthday, address, or phone number. Also, don’t write it down--memorize it.

    * Hold on to your receipts. Keep all receipts from debit card transactions to help you keep track of exactly when and
    where you’ve used your debit card.

    * Always know how much money you have available in your account. Be sure to keep track of how much money you
    have and where it’s going.

    Copyright 2006 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit
    union. All other rights reserved.

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