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Know about 7 common ATM frauds

Swapping is a sophisticated type of ATM fraud in which a scammer observes you enter your PIN and then utilizes a distraction technique to replace your card with a phoney one. Shimming is an advanced form of ATM fraud in which fraudsters utilize a small, card-sized device known as a shim to extract data from a debit or credit card chip. Fraudsters jam ATM buttons, such as the 'Enter' or 'Cancel', causing the victim to experience an issue transaction.