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ATM Forking | Robbing ATMs Using A Fork

News & Politics

Introduction

Thieves have devised a new tactic known as forking to siphon money from automatic teller machines, leading to significant thefts across the industry. This scheme involves Romanian criminals using stolen data to create cards that can be used multiple times on different ATMs. By jamming the ATM with a fork-like device that disrupts the software, they confuse the machine into dispensing cash without keeping proper records. This allows them to make multiple transactions with the same card, circumventing withdrawal limits and stealing large sums of money. Despite measures taken by banks to enhance security and monitoring, such as clear CCTV footage and upgraded systems, the threat of forking highlights the ongoing challenges in combating ATM fraud.

Keywords

ATM forking, Romanian criminals, stolen data, multiple transactions, theft, security measures, CCTV footage, upgraded systems, ATM fraud

FAQ

  1. What is ATM forking? ATM forking is a new technique used by thieves to steal money from ATMs by repeatedly using a stolen card on multiple machines, jamming the ATM with a fork-like device to confuse the software and bypass withdrawal limits.

  2. How do Romanian criminals execute ATM forking? Romanian criminals create cards from stolen data and use them to make multiple transactions on different ATMs. By jamming the machine with a fork-like tool, they exploit a loophole in the ATM software to continue dispensing cash without keeping track of the total amount withdrawn.

  3. What measures have banks implemented to prevent ATM forking? Banks have upgraded their systems and monitoring capabilities, including utilizing clear CCTV footage to identify criminals and investing in financial crime prevention technology. These enhancements aim to ensure that similar attacks cannot occur in the future.

  4. How can individuals protect themselves from ATM fraud? Individuals using ATMs are advised to cover their hand when entering their PIN, as this remains a critical step in safeguarding their personal information and finances from potential theft.