The ATM “sucked” your card? It could be a fresh scam. Lock down the account immediately.

Recently, Poland has seen an increase in ATM fraud cases. Criminals usage different methods to take control of payment cards and clear bank accounts of unconscious users. 1 of the latest and most dangerous techniques is the alleged Lebanese loop. In the article, we will explain what fraud is, how to admit it, and what steps to take to safe our financial resources.

New fraud method: Lebanese loop

"Lebanese loop" is simply a method utilized by criminals to keep a card in an ATM. It involves placing a peculiar cover or utilizing a locking material specified as a part of paper in the card reader. The minute the client puts a card in the ATM, the mechanics cannot return it, which leads to its retention in the device. The scammers then, impersonating the bank's staff, offer assistance in recovering the card, asking for a PIN number. With both a card and a PIN, they can easy empty the victim's account.

ATM device keypad numbers. Entering atm cash device pin code

Other techniques utilized by fraudsters

In addition to the Lebanese loop, criminals besides usage another methods specified as:

• Card readers pads: Cheaters install additional devices in ATMs that copy card data during transactions. In conjunction with the recording camera entering the PIN, they can get the full data needed to carry out unauthorized transactions.
• False stickers with contact numbers: On modified ATMs appear stickers with telephone numbers that supposedly lead to method service. In fact, these are numbers to fraudsters who, after obtaining individual data and PIN, take control of the account.

How do you admit a modified ATM?

To avoid fraud, delight note the following:

• Check the card reader and keyboard: Make certain there are no suspicious covers on them that may indicate manipulation.
• Watch the ATM from different sides: Check for loose elements, protruding parts or another signs of interference.
• Notice the information stickers: Be vigilant with fresh contact number stickers; contact the bank straight in case of doubt.

What to do erstwhile the ATM stops the card?

If the ATM fails to return the card after the transaction:

1. Stay calm.: Don't panic and don't effort to pull out your own cards.
2. Contact the bank: Call your bank's authoritative hotline immediately to block the card and study the incident.
3. Avoid giving individual data to strangers: Do not share your PIN or another data with strangers.
4. Check account balance: Monitor your account for unauthorized transactions.

Additional precautions

To increase the safety of its financial resources:

• Set SMS or email notifications about transactions: This will keep you informed of all operation in your account.
• Regularly change passwords and PINs: A frequent change of passwords hinders access to your data to 3rd parties.
• Use ATMs at safe locations: choice devices located in well-lit and frequented places, preferably close bank branches.

ATM fraud is becoming increasingly sophisticated, and criminals are constantly developing fresh methods of extortion. It is crucial to be vigilant and careful erstwhile utilizing ATMs. Remember to always check your account balance, avoid sharing your individual data to strangers and contact the bank immediately if suspected fraud. Only in this way can the hazard of financial failure be minimised.