Inflation in the UK is at the highest rate recorded in 40 years, and millions of people are living in a cost-of-living crisis struggling to make ends meet. So, every penny counts at the moment.
Sadly, fraud rates are also climbing at an astonishing rate. And fraudsters are getting creative with their ways of stealing your money from you.
The latest sophisticated scam involves cashpoints. Experts have issued a warning that scammers are using ATMs to steal your banking information and then draining your account seconds after popping your card in.
Victims said 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. Brean Horne, a 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 the card slot of the machine, which scans the card details, transmits the data to the criminal, and then blocks the card from being returned. Fraudsters have several ways of cleverly accessing your current account and spending your money within minutes.
"So it?s vital to remain vigilant and take preventive measures to safeguard yourself while using an ATM."
Five precautions you should take when withdrawing money from an ATM..........
https://www.dailypost.co.uk/news/north-wales-news/cash-machine-scam-could-drain-24330415