Investors need to be watchful to avoid falling prey to such frauds. "Does the card reader seem to protrude, does it seem loose or wobbly? Does the ATM pad seem different from the usual? If you observe any of these things, it is possible that the ATM machine has been tampered with. Avoid using such machines," says Radha Rama Dorai, managing director-ATM & Allied Services, FIS, a provider of banking and payments technology. If the card reader is wobbly or protruding outward, tug it outward to see if there is an attachment that has been installed. Sometimes, a thin film is placed on the keypad to capture keystrokes. If you notice any such film, again avoid using that machine.
Despite all these precautions, if your card does get compromised, call the bank and get your card blocked. This will prevent further withdrawals. Early notification will also help you get compensated if it is established that the breach did not occur due to your fault. The next step is to file a first information report (FIR) at a nearby police station.
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