Fraud rates are rocketing again after a jump of 41% at the end of 2021 and a personal finance expert has told ATM users how to prevent becoming a victim when withdrawing cash
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It’s not just the cost of living that’s on the increase – fraud rates are climbing an at astonishing rate too as crafty criminals find new ways to con people out of their hard-earned money.
Those using ATMs to withdraw their case need to know there is another scam to be wary of, experts say.
The swindle sees criminals stealing card details to drain bank accounts in a matter of seconds of putting your plastic in the slot.
BristolLive say victims are reporting that their cards have been retained by the withdrawal machines, which have been swallowing their payment devices before a message appears on the screen saying the service is ‘unavailable’.
Fraud rates for cards in the UK rose by 42 per cent in the final quarter of 2021, the highest rate seen since 2017, according to the National Fraud Hunter Prevention Service.
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Brean Horne, personal finance expert at comparison site, NerdWallet, is warning current account users to be extra vigilant when withdrawing money at an ATM machine.
He said: “These thefts are being achieved by a discreet device being placed over…
