For the past few days, we have heard news about compromised accounts and victims of ATM skimming. Just recently, Landbank asked for help from the National Bureau of Investigation (NBI) to investigate on rising cases of ATM skimming in its branches in Cebu.
Earlier this month, SunStar Cebu reported that an estimated 50 law enforcers and government employees fell victims to ATM skimming in a bank in Banilad, Mandaue City.
Two Romanian nationals were arrested for alleged involvement to ATM skimming.
What is ATM skimming?
ATM skimming is one form of card fraud where the data of an ATM card are cloned or copied through a skimming device hidden inside the card reader, making it undetectable.
Fraudsters then make a clone ATM using the data from the compromised genuine card. Cameras are installed in ATM outlets to see record the entered PIN.
How to avoid ATM skimming?
Banks have always reminded their clients to always be vigilant when making withdrawals from their ATM cards.
Here are some tips on how to protect your Landbank ATM against skimming:
Always use your other hand as shield when entering your PIN. Look around your surroundings for suspicious persons, especially those standing very closely to you to take a peek while entering your PIN.
Withdraw from a trusted ATM, for example, those located at the bank itself. Most of the time, guards are available to watch over these machines.
Check the keypad of the ATM. Skimmers ave also used keypad overlays instead of cameras to capture customers’ PINs. These devices record keystrokes electronically, so check for anything that seems to have been placed over the top of the keypad that moves, seems unusual, or does not match the ATM.
Look for hidden cameras because it maybe recording the PIN you entered.
Check your statements regularly, if not daily, so you can monitor your cash flow. Most of the time, skimmers withdraw the allowable amount for the day.
Install the Landbank mobile app for Android and iOS with a Mobilock feature. The Mobilock feature allows the customer to lock ATM withdrawals by changing the settings on the mobile app. This gives you the security to prevent any withdrawals from your account. Don’t forget to unlock a card whenever you are making your own withdrawals.