The Co-Op Financial Services team is reporting an increasing number of ATM skimming cases so far this holiday season.
ATM skimming, of course, is like identity theft for debit cards. Fraudsters use hidden electronics to steal the personal information stored on a card, and record the owner’s PIN number to access the hard-earned cash in the member’s account.
Further research by CO-OP finds that about 75 percent of the ATM skimming cases occur at off-premise ATMs.
Here are three tips to keep your money safer when you use an ATM:
Protect Your PIN
Hidden cameras are often used to steal your PIN. Covering the keyboard as you enter your PIN is a simple way to help avoid theft. Never give your PIN to anyone. And, do not use any ATM with a card reader that appears altered.
Stay Away from Unfamiliar ATMs
The safest ATMs are those with the logo of your credit union and, of course, CO-OP ATM.
Check Your Balances Frequently
If you notice something wrong, use the contact number on the back of your debit card to report any fraudulent withdrawals.