WEST SUSSEX, England - Link Interchange Network Ltd. has released tips to help consumers avoid ATM-related fraud.
The announcement trails the release of the APACS study on the prevalence of ATM-related crimes.
According to APACS, ATM-related fraud dropped 6 percent in 2006 from 2005. But fraud remains a costly ATM expense, costing financial institutions more than £60 million (U.S. $119.6) annually.
"Card skimming remains the most common cash-machine crime, and it is important that the industry works with consumers to combat fraud in any form," said Graham Mott, head of planning and development for Link. "We are pleased to see that this type of fraud fell by 23 percent in 2006, compared to 2005, but we want to ensure that this trend continues, and there are ways in which consumers can ensure that they do not become victims."
Link's top 10 recommendations for curbing ATM-related fraud include:
- Using machines that are familiar
- Checking ATM facades for suspicious devices
- Remaining mindful of suspicious onlookers
- Protecting the PIN while entering it on the PIN pad
- Ensuring that PINs are not shared with others
- Avoiding ATMs that have temporary messages or signs attached to them
- Never forcing a card into a card reader
- Remembering to keep all ATM receipts
