What are ATM Skimmers? Discuss the measures that Government of India to prevent these types of fraud thereby providing secure banking system. (150 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
K. V. A 6 years
Pls review
IAS Parliament 6 years
Good answer. Keep Writing.
IAS Parliament 6 years
KEY POINTS
ATM skimmers, skimming is a theft of card information, where a small device, known as a skimmer, is used to steal the information during a legitimate ATM transaction.
As the card is swiped at the machine, the skimmer device captures the information stored on the card's magnetic strip.
Measures to prevent skimming
· Prevention of skimming is possible with the alertness of people who load cash in ATMs and bank officials who can spot any illegal devices planted in ATMs.
· Government should create awareness program among customers to know about this fraud through social media or via SMS.
· Posting guards at ATMs with sufficient knowledge in banking frauds.
· Installing machines that do not facilitate installation of cameras and skimmers.
· Use of new high-security bank cards that have facilities against theft of data through skimming.
· Implement RBI guidelines to prevent skimming of ATM/debit/credit cards.
Rucha Choudhari 6 years
Please review
IAS Parliament 6 years
Good answer. No need to define ATM. Keep Writing.
Hrituraj 6 years
PLEASE REVIEW:-
Automated Teller Machine (ATM) is an electro-mechanical machine used to withdraw cashfrom bank account itself. Various banks in India introduced this system of transaction for simplifying work of bank as well as account holders.
Though banks provide alot of security to these machines by using unhackable softwares, system of PIN, sending OTP of transactions, Still criminals found many ways to bypass these security measures. One of these methods is Skimming. Skimming is the method in which criminals put a machine on card insertion slot which reads the data on the magnetic chip. For password they use mini camera placed above keypad. Sometimes they also put duplicate keypad to recognise ATM pin.
Following measures can be used to prevent such type of frauds:-
1) Checking by bank officials once a week for such machines.
2) Providing ATM's with security guards 24x7.
3) Spreading awareness in people through various platforms.
4) There can be a system of OTP with pin as well.
5) Upgrading ATM cards and ATM machines timely.
These types of scams get their space daily in newspaper. It is must to take necessary measures to prevent such scams.
IAS Parliament 6 years
Good answer. Keep Writing.
Rucha Choudhari 6 years
