• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Avoiding ATM fraud – Lessons from Standard Chartered Ghana

5 years ago
in Banking & Finance, Business, Cyber-security, highlights, Home, latest News, Technology
1 min read
0 0
0
100
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Did you know your electronic card information can be copied or stolen from an ATM without you knowing? Fraudsters can capture your card information in many ways, from spying on you to tampering with the ATM machine proper. It has come to light that there are four main ways by which fraudsters can capture your card details and steal your money – ATM card trapping, card skimming, keyboard overlays and shoulder surfing.

Now to give you some definitions, ATM card trapping is when an ATM card reader (machine or POS) is tampered with to trap the card so that details could be captured, while card skimming is when a skimming device is placed over the card slot to steal your card information.

Skimming is an illegal practice used by identity thieves to capture credit/debit card information from a cardholder surreptitiously. Fraudsters often use a device called a skimmer that can be installed at gas pumps, ATM machines or point of sale (POS) devices to collect card data. They also use shoulder surfing, which is basically when someone looks over the card holder’s shoulder at the ATM or payment point to observe his or her PIN, and finally keypad overlays, which is when a false keypad is installed over the ATM’s keypad to capture people’s PIN. Standard Chartered is, therefore, educating Ghanaians on how to avoid becoming a victim of any of the four fraudulent tactics above.

In a write-up, the bank has told customers not to use the ATM “if you suspect it has been tampered with. ”They also urge customers to always be alert and not be distracted by strangers while using their card at the ATM of any electronic payment point, adding, “Use your hand to cover your PIN from prying eyes.”

The bank has also urged clients never to share their PIN with other people and also avoid using a PIN that can easily be guessed, like one’s birthday. They are also asking customers to quickly inform the bank when ones’ card is trapped by any ATM machine, or if one receives an alert of a transaction they did not authorize, or if one’s bank statement shows any discrepancy.

Standard Chartered Ghana stressed in their write – up that before using any ATM, it is important to check of that it has been tampered with – also ensure that “no one is watching you – and do well to report any issues sooner than later.”

Tags: ATM CardATM card trappingATM MachineBank of GhanaBanking and FianceCard skimmingkeyboard overlaysQuick Bankingshoulder surfingStandard Chartered Bank
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.