The hidden threat: How to protect your cash from ATM fraud
Using an ATM can sometimes lead to unfortunate outcomes due to a scheme known as cash trapping. Fraudsters use this simple yet effective method to steal money from ATM users. To execute it, fraudsters modify the machine slightly, causing users to lose the cash they attempt to withdraw.
Cash trapping is a highly effective and straightforward theft technique aimed at individuals withdrawing money from an ATM. The essence of the fraud involves modifying the machine so that the withdrawn cash is not delivered to the customer.
What is cash trapping?
The withdrawal process appears normal, but it concludes differently than with a standard, secure ATM. The difference is that the banknotes are not visible and do not reach the user. This occurs because an additional element has been installed at the cash dispensing area.
With this special cover in place, retrieving cash from the ATM becomes impossible. Fraudsters often attach double-sided tape to the modified element. The banknotes stick to the tape, hindering the machine's usual process of retracting the money if left uncollected.
How to protect yourself from cash trapping?
Protecting yourself from cash trapping can be challenging because detecting a modified ATM is difficult. Fraudsters use covers that are not immediately noticeable. To ensure the ATM's safety, gently pull on the part that dispenses the banknotes. If the machine has been tampered with, this part may shift.
If you cannot withdraw cash despite the ATM confirming the transaction, there's a high chance you've become a victim of fraud. In such a situation, do not move away from the ATM.
You should contact the ATM operator as soon as possible. The contact number should be on the machine or available online. Alternatively, you can call the bank's hotline and follow the consultant's instructions.
