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ATM cash-out
Comments
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1) Mag stripe isn't the only method of attack - so much ill-informed posting
2) You don't need to worry about your account getting cleared out - ATM cards are limited to a 250 or so limit per day*
3) When there have been mass-attacks, fraudsters get their money from taking small amounts from a large number of customers
4) If you're worried about fraud more generally, keep an eye on your account, checking balances/transactions on a regular basis. And never write down your PIN.
*or so - depends on customer and bank https://www.thesun.co.uk/money/6659541/atm-cash-withdraw-uk-bank/
pmuk - savings are bleak if that low...And banks would cover it unless the customer, for example, shared their PIN...0 -
Probably on a par with the millenium bug, remember when the computer world was going to end.I don't think we can ever be certain what the fallout of the Millennium Bug could have been. Whenever someone dismisses the Millennium Bug as being mostly harmless it's to forget the huge amount of work to avoid the potential consequences. The amount of resources spent were staggering.
I'm not aware of any testing done pre-2000 to determine what might happen if changes hadn't been made, but I'm confident that at least in the finance world it would have been the biggest computer disaster ever experienced. I personally did many hundreds of hours work on ensuring programmes would continue to work on January 1st, and hundreds of my colleagues did the same.
And did we get any thanks from the people whose financial futures we saved from possible ruin? None at all, just ridicule in the media for making what they perceived as a fuss about nothing. Perhaps we should have just taken our money out of the banks, bought gold with it, and let everyone else take the consequences :eek:.1 -
I could have sworn Lloyd's let me withdraw much more than that from a Santander ATM last year.Armorica said:1) Mag stripe isn't the only method of attack - so much ill-informed posting
2) You don't need to worry about your account getting cleared out - ATM cards are limited to a 250 or so limit per day*
3) When there have been mass-attacks, fraudsters get their money from taking small amounts from a large number of customers
4) If you're worried about fraud more generally, keep an eye on your account, checking balances/transactions on a regular basis. And never write down your PIN.
*or so - depends on customer and bank https://www.thesun.co.uk/money/6659541/atm-cash-withdraw-uk-bank/
pmuk - savings are bleak if that low...And banks would cover it unless the customer, for example, shared their PIN...
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Has it happened yet? It was imminent a month ago. Has there been a news blackout to hide the cash-out? A D-notice, perhaps?malcolmfowler said:With all the news reports about an imminent bank hack and ATM cash-out, how do I protect my savings and current accounts being wiped out? Will the banks know who is at the ATM?
Be careful out there, folks. First there was coronavirus(*), now there are secret ATM cash-outs.
* I do take the virus seriously.1
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