Covid-19 Outbreak SA Online Resource | More info
Insurance, Car Insurance, Funeral Cover, Life Insurance, Budget Insurance, Insurance Quotes, CompareGuru, South Africa.
Car and Household
Business
Life and Funeral
Car Insurance
Cover your vehicle
More Information
Get Quote
Pre-Owned Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Extended Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Scratch and Dent
Cover small dents, chips and scratches to your vehicle
More Information
Get Quote
Tyre and Rim
Cover damages to your wheels
More Information
Get Quote
Home Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Vehicle Insurance
Protect vehicles and drivers used in the day-to-day operation of your business against risks like financial loss, damage or personal injury.
More Information
Get Quote
Commercial Insurance
Provide cover against common risks and disruptions to business operations, such as theft, damage to property, employee / client injury and much more.
More Information
Get Quote
Directors and Officers Liability
Safeguard your business and key players from financial loss with the right policy.
More Information
Get Quote
Errors and Omissions Liability
Covers your business and employees against claims of negligence, poor workmanship, and more.
More Information
Get Quote
Life Insurance
Provide for your loved ones
More Information
Get Quote
Disability Insurance
Protect your paycheck
More Information
Get Quote
Serious Illness Insurance
Cover yourself for illnesses like cancer, Alzheimers, Parkinsons, strokes or heart attacks.
More Information
Get Quote
Funeral Cover
Protect your family financially and cover funeral expenses
More Information
Get Quote
Domestic Worker Insurance
Cover the person that looks after you and your family everyday
More Information
Get Quote
Menu
Home
About Us
Domestic Worker Cover Quote
Life Insurance Quote
Car Insurance Quote
Funeral Insurance Quote
Extended Warranty Quote
Pre-Owned Warranty Quote
Scratch and Dent Quote
Tyre And Rim Quote
News Room
Meet The Team
Careers
Providers
Insurance
Car Insurance
Building Insurance
Household Contents Insurance
Life Insurance
Disability Insurance
Serious Illness Insurance
Domestic Worker Insurance
All Risk Insurance
Funeral Insurance
MotorVAPS Cover
Commercial Insurance
Commercial Vehicle Insurance
Directors and Officers Liability Insurance
Errors and Omissions Liability Insurance
Support
Contact Us
Terms of Service
Privacy Policy
Disclosures
Client Letter
POPI Act
PIA Act
CIM Policy
Complaint Escalation
TCF Form

News Room

Avoid Falling Victim To An ATM Scam

Melissa Cohen
2017-01-28
Card related fraud still costs South Africans R7 billion annually. We look at simple precautions to avoid falling victim to an ATM scam.
Card fraud can happen to anyone, anywhere, anytime. Whether you’re paying for groceries, filling up your car, shopping online, or trying to withdraw money from an ATM, you should always be vigilant. With rampant unemployment in an increasingly materialistic society, more and more are turning to making a career of tricking you out of your hard-earned cash.
CLICK BELOW to read about 5 ways to avoid credit card fraud when shopping online. unnamed-2

Examples Of ATM Scams

Currently, card fraud costs South African consumers R7 million annually. The Banking Association of South Africa says the onus is on bank clients to ensure that they appropriately protect themselves. They report that their member banks upgrade their systems on a continual basis to maximise client safety, when transacting both locally and abroad. Potential threats to the security of your bank accounts can be compromised in various methods both online and off. Scams that affect bank clients include:
  • ATM fraud,
  • Card fraud,
  • Card skimming theft,
  • Cash theft,
  • Scams involving change of banking account details,
  • Identity and personal information fraud,
  • Phishing scams,
  • Point of sale theft, and
  • Vehicle account rescue scams.

Recently Reported ATM Scams

ATMs are continuously being rolled out throughout the country to increase access to basic banking services for clients’ convenience. The growing number of ATM’s and their increased usage have proved breeding grounds for various scams like card skimming, card swopping, ATM shoulder surfing, and card trapping in ATM’s. Last year, a career criminal operating in Daveyton, Johannesburg, disclosed how he makes up to R15 thousand in just four hours. His brand of ATM fraud is mostly card skimming. He steals cards, and pins, and clones credit and cheque cards. The fraudster has made a living, since 2008, stealing money through card-related scams. He says they operate in groups, and are extremently organised. Even to the extent of working out shifts. They also have no biases informing who they target. The South African Police Service issued a warning just last month for individuals to be extra cautious when withdrawing money from ATMs, especially in Johannesburg. This after reports of an ATM scam where one individual would drop what looked like a wad of cash rolled up, close to where someone had just drawn money. Another individual, in on the con, would pick up the cash, and offer to split it with the unsuspecting ATM user. The unsuspecting party would be lured to a more secluded spot, where they would be robbed of their money and possibly other belongings.

Ask The Guru_info

How To Avoid Falling Prey To ATM Fraudsters

The Banking Association of South Africa has issued general guidelines to avoid falling victim to ATM fraud. Among them are the following:
  • Always use ATM’s where you feel comfortable and avoid using the ATM where suspicious-looking individuals are loitering.
  • Have your card ready in your hand before you approach the ATM.
  • Do not use the ATM if it appears to be tampered with or damaged. If you’re not sure, wiggle the card slot to ensure no inconspicuous card skimming machine has been attached.
  • Never accept help from strangers at an ATM, especially after experiencing difficulty with the transaction.
  • Do not allow anyone to distract you.
  • Shield the ATM keypad with your hand to hide your PIN.
  • Never disclose your PIN to anybody, not even to the bank or police. Or family over text messages.
  • Press the Cancel key, withdraw your card, and proceed to an alternative ATM if you feel the ATM is not functioning correctly.
  • Use the help line and/or nearest phone to contact your bank and/or police if your card gets jammed, retained, or lost, or if someone interferes with you at an ATM. If possible, make sure you cancel your card before leaving.
  • Take your time when transacting. Ensure your cash and card are carefully secured in your wallet, handbag, or pocket before leaving the ATM.
CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

Sign up to our Newsletter now, and don’t miss a beat.

Email Address
Name
Sign Up