Thursday, June 6, 2013

ATM 'Shoulder Surfing' Card Fraud On Rise

The number of people becoming victims of cash-machine fraud is on the rise, according to figures from Financial Fraud Action UK.

There were 7,525 cases reported in the first four months of 2013 compared with 2,553 for the same period last year, said the UK banking industry body set up to fight fraud.

While skimming devices are still used to capture card details at ATMs, "shoulder surfing" is on the rise too.

That fraud involves distracting the card holder as the thief peers over the cardholder's shoulder as they enter their PIN number and subsequently stealing the card itself.