Warnings issued to bank clients concerning a fraudulent scheme
In a recent warning, the Sparkasse has alerted its customers to a growing issue of ATM fraud known as Cash Trapping. This scam involves fraudsters attaching covers or devices over the money dispensing slot of an ATM, lined with adhesive film to prevent money from coming out [2].
Customers may think the ATM is defective if their money does not come out, but it's essential to remain vigilant. Look for any unusual or loose attachments around the cash slot, such as fake panels or overlays that might block the cash from being dispensed properly. These covers may cause your cash to become stuck, and scammers retrieve it later without your knowledge [2].
To prevent falling victim to Cash Trapping, follow these preventive measures:
- Inspect the ATM before use: Check the cash dispensing slot and card reader for any unusual or loose parts, sticky residues, or extensions that look out of place or fake [2].
- Use ATMs in well-lit, secure locations: Prefer machines located inside bank premises or places with video surveillance to reduce the chance of tampering.
- If your cash doesn’t dispense but the transaction is completed, immediately report it to the bank or ATM operator rather than leaving the machine and assuming it’s a technical error.
- Cover your PIN and avoid distractions: Always shield your PIN entry to prevent shoulder surfers or hidden cameras.
- Monitor your bank statements frequently for unauthorized withdrawals as early signs of fraud.
While sources do not give exhaustive details about cash trapping specifically, ATM scams involving fake panels or covers are explicitly mentioned as a method crooks use to steal cash without users noticing [2]. General fraud prevention advice includes vigilance around ATMs and secure handling of PINs and cards [3][4].
The Sparkasse advises customers to be cautious and follow these tips to protect themselves from Cash Trapping. Additionally, they recommend checking your bank accounts regularly to ensure that no unauthorized transactions have occurred [5].
Remember, your safety is paramount. Always be vigilant when using ATMs, and if you notice anything unusual, report it immediately to your bank. By staying informed and taking precautions, you can protect yourself from falling victim to such scams.
- In case the money does not come out at an ATM, closely inspect the cash slot for any unusual or loose covers, panels, or overlays that might be attached, as these could be tools fraudsters use in Cash Trapping scams.
- To ensure your financial security, regularly check your bank accounts for any unauthorized transactions, as these might be early signs of ATM scams such as Cash Trapping.
