news Wednesday, February 11, 2015 - 05:30
Parikshit Vivekanand| The News Minute | November 7, 2014 | 11.41 pm IST An article was recently published by a city newspaper in Bengaluru explaining how to fleece money from ATM machines. The article also featured the method of performing this criminal act in detail. The headline of the article was, "How to withdraw cash and keep bank balance intact." The story is about how employees of a 'leading cash management and ATM operations firm' stole money with a trick the paper describes as the 'exit shutter manipulation fraud.' The article then explains in detail how the ATM is manipulated, almost like an instruction manual to anyone who wished to follow. Should such information that could have an impact on crime commission or crime solving be revealed? And should there be no restraint while releasing such information to the general public? Information that was published in the news report could easily influence individuals in to conducting these ATM frauds themselves. The article also listed many possible ways to trick an ATM into dispensing money without authorisation. According to the report the alleged criminals behind the ATM fraud have still not been arrested and their modus operandi should have been kept away from public eye till the banks that own these money vending machines figure a solution to the problem. Investigations into this ATM fraud case are currently being conducted by the Central Crime Branch and Fraud and Misappropriation Squad. Records show that over a period of four months the accused have scammed the bank of Rs. 5.91 lakh. There is a high possibility of there being multiple groups in the city that have managed to scam many other banks. The banks facing this fraud should immediately acknowledge the problem and find solutions for it as soon as possible. The companies that have contracts with various banks for refilling their ATM’s should also look in to the matter as initial investigations have revealed that ATM pin number of their employees have been used for this crime said the report.
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