Park Ridge ATMs add to $700 million in annual losses to fraud
September 2, 2009
Total Loss:
$10,000
The FBI and the banking industry are advising people to be vigilant when using ATMs after a recent "card skimming" scam at a Park Ridge bank in which thieves attached an electronic device to an ATM in order to loot accounts. The card skimming has been a problem for years, but thieves appear to be getting bolder, said Chicago FBI special agent Ross Rice. "It's not specific to any bank or ATM machines," he said...While customers are not liable for fraudulent transactions, ATM fraud costs the banking industry more than $700 million annually, and that amount is rising, said Linda Koch, president and chief executive officer of the Illinois Bankers Association.
Source:
Chicago Tribune
Posted in:
Debit Card Fraud