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ATM Fraud Exposed: A Deep Dive into the Dark World of Skimming Scam
Manage episode 447455745 series 3606199
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A new type of ATM fraud has emerged, where scammers place glue in card readers to force victims to use the "tap" feature. This allows thieves to make additional withdrawals after the victim leaves, exploiting a flaw in the system that keeps the transaction window open after cash is dispensed. Several Chase customers have reported falling victim to this scam, with Chase initially denying their claims. After a news report exposed the widespread issue, Chase refunded all victims and implemented new security measures, such as covering the keypad and warning customers to be wary of anyone approaching them at the ATM
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