ARTICLE WRITTEN BY ONYIA EMEKA HARFORD TITLED: “ENSURING PROPER BANKING SECURITY IN ATM”

ATM remains one of the strongest avenues that banking institutions use to disseminate financial services to their customers, and therefore should be properly guided to prevent the unscrupulous insurgent perpetrators from robbing people’s account through use of sophisticated gadgets like SKIMMING machine. It is therefore necessary that banking institutions should improve on the ATM Machine quality to meet up with the standards in western world because the hackings and scams in ATM Machine globally are alarming. There is need to monitor ATM Machine even while banks are on duty, to make sure that these heartless robbers don’t install fraudulent equipment on the ATM Machine like ATM Skimmer which consist of a card reading machine just like the one stores and ATMs use to capture the information on your card’s magnetic stripe. In an ATM scam, the thief installs the scanner on top of the existing slot on the ATM. When an unsuspecting consumer slides his or her card into the machine, the scanner captures the information just as the actual ATM does.

Therefore, it is necessary for the banking institutions to install an ATM that has VIDEO SURVEILLANCE in order to monitor and control the activities on the ATM machine, because very soon the rate of crime in western world through high technology is extending to Nigeria. And proper care should be taken to protect people’s account from SCAMMERS and thieves roaming the very nuke and cranny of the society to source information on how to victimize fellow citizens.  I also recommend a convenient ATM that has signs that indicate video surveillance. To further help people to protect their account information please you might also avoid using your own device (such as a laptop or Smartphone) to make an online payment while on public Wi-Fi. Skimming devices work in a variety of ways, and some can capture card information through Bluetooth or wireless technology.

Finally, If your card had been compromised, you may not know, and this is why we should be very careful to watch the position of our ATM card in the Teller Machine, and there are certain signs and indication that will tell you that your card had been compromised for example:  red flags that indicate you need to get in touch with your bank on ATM when you slot your card. So if you suspect that your account had been compromised, choose a time to check your balance and if your money is tampered with, report to your bank immediately for easy rectification to the destination account and track the scammer. So also make sure that you turned on the Alert system with your bank, so that any illegal activity will easily be detected, as your bank will send you an alert that someone has logged in to your account through your Bank account registered Mobile line. In some cases, thieves will make multiple purchases in quick succession (to lower their chances of getting caught), so such activity will send up another red flag if you’ve turned on alerts. When your Card is compromised, and you make report, your financial institution can disable the card right away, which will avoid further fraudulent charges. Destroy the card and wait until you receive a replacement from your bank.

EVENT  PUBLISHER: ONYIA EMEKA HARFORD

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